Preliminary evaluation revealed the program obtained sufficient sample weight at appropriate grade for testing as part of the ongoing feasibility study, the company said.
Downhole gamma logging results from the first drill hole LE-K-73 were reported in June while results from the final two holes, LE-K-74 and LE-K-75 including summary of results from nearest previous holes were revealed now.
LE-K-74 reported 2.9m at 0.478% uranium (eU3O8), including 0.5m at 1.847% eU3O8.
Among the two nearest historic holes, hole 1181 unearthed 3.6m at 0 .143% eU3O8 and LH-K-13A showed 1.2m at 0.519% U3O8.
LE-K-75 reported 2.6m at 0.468% eU3O8, including 0.8 meters at 1.212% eU3O8.
The two nearest historic holes intersected 3m at 1.454% U3O8 and 4.8m at 1.453% eU3O8, respectively.
The company cited an April 2011 resource estimate by Tetra Tech, which gave an indicated resource of 28.5 million pounds of U3O8 at a grade of 0.555% U3O8.
The deposit also holds an additional inferred resource of 12.7 million pounds of U3O8 at a grade of 0.185% U3O8 contained in 3.1 million tons.
European Uranium revealed it is continuing to advance critical-path aspects of a feasibility study and environmental impact study for the Kuriskova deposit.
Metallurgical samples obtained through the drill program will be tested by AREVA, a shareholder of European Uranium in the end of 2012.
The company continues to conduct surface exploration work on targets within the Kuriskova license area, with the objective of defining drill targets that could lead to expansion of the current resource.
European Uranium is in discussions since April for production off-take arrangement with Slovakia or a partnership with a Slovak entity.
It has also designed work programs for its recently acquired Swedish and Finland uranium prospects and plans to conduct them by the end of 2012.
