UPDATE: Strateco Reports 58% Increase in Indicated Resource at Matoush Uranium Project; Shares Up 5.8% Mid-Morning

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Strateco Resources Inc. (RSC.TO) reports that the indicated mineral resource at its Matoush project, located in the Otish Mountains in northern Quebec, has increased by 58% since the last mineral resource estimate was published in January 2012.

The indicated resource is now estimated to be 586,000 tonnes with an average grade of 0.95 % U3O8 containing 12.33 million pounds of U3O8, compared to 453,000 tonnes grading 0.78% U3O8 containing 7.78 million pounds of U3O8 in January 2012. The inferred mineral resource now stands at 1.69 million tonnes at an average grade of 0.44% U3O8 containing 16.44 million pounds of U3O8, compared to 2.04 million tonnes grading 0.43% U3O8 containing 19.22 million pounds of U3O8 in January 2012.

Strateco is now trading at 18.5 cents, still near yr lows.




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This article appears in: Investing , Commodities

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