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Uranium 308 Corp. ("The Company") is a mineral exploration and development company engaged in the acquisition, exploration and development of large scale low-cost, high-value properties internationally. Uranium 3O8 Corp.'s current primary focus is exploration for uranium in Mongolia. The Company’s chief assets are:
- Two exploration licenses on the 196.38 sq. km Janchivlan property 70 km southeast of the Mongolian capital of Ulaanbaatar in Tuv Province.
- Two exploration licenses – one on the 15.4 sq. km Tsagaan Chuluut property and the second on the 31.15 sq. km Khar Balgast property. Both are 385 km east of Ulaanbaatar, Mongolia and 75 km northwest of the town of Undurkhaan town on the border of Khentai Province.
Uranium 308 Corp. continues to actively review potential acquisitions in proven Mongolian mineral provinces.
Projects
JANCHIVLAN PROPERTY
Uranium mineralization discoveries at Janchivlan confirmed.
Uranium 308’s multi-phase 2007 exploration program at Janchivlan has discovered four ore-grade mineralization zones with total thickness of 21.1metres and 27 anomalous mineralized zones with total thickness of 161.45 meters. The ore-grade cutoff is 300ppm or 0.03% U3O8 concentration. Complete multi-element and uranium geochemical assay results from SGS Group labs on Janchivlan’s 2007 diamond drill core samples have confirmed and significantly expanded mineralization identified by Soviet era exploration and the Company’s 2007 surface trenching. A 25,000 meter diamond core drill program for 2008 is in preparation. <read more>
TSAGAAN CHULUUT & KHAR BLAGAST PROPERTIES
 In early January 2008, the Company acquired two more exploration licenses, one at Tsagaan Chuluut and the other at Khar Blagast. Like Janchivlan, they are located in the Khentai-Daur Metallogenitic Uranium Province, a 1200 km long and 300 to 350 km wide geological region that extends into both Mongolia and Russia. <read more>
URANIUM PRICE FORECAZT TO KEEP RISING
 Uranium sold at $7 a pound in 2000. In 2007, the average weekly price was $98.55 a pound, a 14-fold increase. Several analysts are forecasting that strong demand, undersupply and market uncertainty could boost spot uranium price in 2008 to as high as $200 a pound. <read more>
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