APACHE BASIN

US Energy Corp. announced new drilling results for APACHE BASIN, located in USA.

Australian-American Mining provided an update on activities on the sampling at one of the company's assets in the US state of Arizona, USA. The company’s wholly-owned subsidiary, Uranium Company of Arizona, has staked seven contiguous lode claims, comprising 140 acres. The company has recently launched a preliminary evaluation of the lithium-enriched pegmatites of the White Picacho area in Maricopa and Yavapai Counties, Arizona. The presence of lithium is evident from the large spodumene crystals in some pegmatites, reaching concentrations of up to 2.11% Li of the metal in the Sunrise and Lower Jumbo pegmatites.

Monaro Mining NL advise that exploration on the Apache Basin uranium project in Arizona, USA, is yielding a number of positive results. The exploration effort is being funded by Vale Exploration Canada Inc, a wholly owned subsidiary of Vale S.A., which has met its first year funding commitment of US$750,000. Ground scintillometer readings of the Dripping Spring Formation in a number of areas have revealed anomalous areas that were 100-1600 cps (counts per second) higher than background. Follow up rock chip sampling and assessment by spectrographic analysis demonstrated that a number of samples are highly anomalous for uranium. Rock chip sampling of several prospects and anomalies have yielded values of between 0.064 and 0.20% U3O8.