10:30 AM EDT, 04/19/2018 (MT Newswires) -- UEX Corporation (UEX.TO), through its 100%-owned subsidiary, CoEX Metals Corporation reports the second tranche of assay results have been received for nine additional holes from the Phase 1 winter drilling program on the 100%-owned West Bear Cobalt-Nickel Prospect, located in the eastern Athabasca Basin of northern Saskatchewan.

The company completed 41 holes totaling 4,457 m on its West Bear Cobalt-Nickel Prospect located on the West Bear Project. On February 28, 2018, UEX reports that it had begun a $1.5 million 3,500 m, 30-40 drill hole program at West Bear with the objective of expanding the size of the high-grade cobalt and nickel mineralized zone. Phase 1 drilling activities at West Bear have now been concluded in preparation for the spring thaw.

With the addition of this second tranche of assay results, UEX now has complete assay data from a total of 12 of the 41 holes drilled this winter. Cobalt mineralization was encountered over significant widths in eight of the nine holes from the second tranche of samples.

Hole WBC-012 encountered 1.78% Co and 1.06% Ni over 22.5 m from 73.5 to 96.0 m and included a subinterval of 4.90% Co and 2.08% Ni over 8.0 m from 77.0 to 85.0 m.

Hole WBC-009 intersected two separate zones of mineralization with the lower zone returning 1.26% Co and 0.59% Ni over 9.5 m from 57.5 to 67.0 m that included a subinterval of 3.78% Co and 1.47% Ni over 3.0 m from 62.0 to 65.0 m.

Hole WBC-010 also encountered two mineralized intervals. The upper interval returned 0.56% Co and 0.28% Ni over 11.5 m from 40.5 to 52.0 m that included 1.64% Co and 0.58% Ni over 3.5 m from 40.5 to 44.0 m. The lower interval encountered 0.87% Co and 1.26% Ni over 1.5 m.

The drilling program has also led to the discovery of an upper lens of higher grade cobalt-nickel mineralization that occurs along the upper contact of a distinct graphitic unit, the West Bear Graphitic Package.

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