Yesterday, Eso Uranium Corp. (CVE:ESO) (PINK:ESOFF) fueled the traders interest in their stock with news on radioactive boulders sampling.
ESO recorded an outstanding trading activity for the past two days, but it vaguely reflect on the stock price changes. The stock generated 2.2 million trading volume yesterday as the price sluggishly continued to go higher on a slow-paced short term uptrend lasting since mid-June.
News that has stirred the market was issued on Wednesday. The company disclosed results from its boulder prospecting and radon survey program. 74 boulders and samples had been submitted for assay and the results were satisfactory.
25 boulders yielders grades of over 10% U3O8 with some small ranges reaching up to 39.6%. 23 boulders showed grades from 1% to 10%.
The company is yet to determine the origins of the boulders and follow up with exploration of that location. At the time of publication the company had traced the uranium boulder field for a north-south length of approximately 5km and up to 0.9 km wide.
The current stock price uptrend had previously strengthened in the beginning of July when the company announced to have found additional 20 of these same radioactive boulders.
