This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Western Uranium options Baza project from AuEx 2009-10-14 15:19 ET - News Release Ms. Pamela Klessig reports WESTERN URANIUM CORPORATION ENTERS INTO AGREEMENT WITH AUEX VENTURES FOR NEW IRON OXIDE COPPER GOLD DISTRICT IN SPAIN
Western Uranium Corp. has entered into an option agreement with AuEx Ventures Inc. to earn a 70-per-cent interest in the Baza property in southeast Spain. Western believes after review of the data and site visit that this project offers exceptional potential for discovery of one or more significant gold and copper deposits as the area exhibits characteristics associated with iron oxide copper gold (IOCG) deposits. The most advanced prospect area, Cerro del Gallo, has yielded gold and copper values in rock samples ranging from 1.53 grams per tonne (g/t) gold (Au) and 0.33 per cent copper (Cu) over 1.2 metres to 6.8 g/t Au and 1.86 per cent Cu over 3.4 metres from mineralized structures and prospects along a two-kilometre strike length. Individual rock chip samples have returned gold values up to 20.0 g/t and copper values up to 10 per cent. The company believes this property represents a rare and unique opportunity to explore a property with widespread indications of hosting a large mineralized system that has not been subject to modern exploration methods.
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