Calypso finds uranium at Campesino Norte

Calypso Uranium Corp., a mineral exploration company whose principal focus is the exploration and development of mineral properties, and is active in Argentina and the United States, announces significant progress at the company’s wholly owned Campesino Norte project located in mining friendly Neuquen Province, Argentina.

The company has completed the initial phase of drilling and has received assays for all samples and this has resulted in confirming the surface appearance of a major copper, vanadium, and uranium mineralised paleo-river system.

Samples from the first fence at the main channel area, Petrosaurios, have intersected a true width of 500 meters, averaging 6.8 meters thick, and grading 0.14% V2O5.

Additional samples further indicated an area 350 meters wide, averaging 5.4 meters in thickness, and grading 0.36% Cu. Both of these areas sampled partially over-lap, and are in outcrop and in the very shallow sub-surface.

The company drilled a total of 4,135 meters in 135 short reverse circulation holes in a total of seven fences at five different target areas at Campesino Norte in this initial test phase, which was designed as a combination trenching substitute and initial drill test. A total of 2,741 samples were analysed by Alex Stewart Argentina SA laboratory in Mendoza, Argentina, including 224 QAQC samples.