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 Calypso Uranium is active in Argentina with large highly prospective uranium properties located in the provinces of Chubut, Mendoza and Neuquén. The company is among the best positioned in Argentina to move from exploration to production given that several of the properties include resources previously confirmed by the Comisión Nacional de Energía Atómica (CNEA - national atomic energy commission).
Through our local subsidiary Energía Mineral (Inc.) S.A., Calypso now controls more than 478,000 hectares or 4,780km2 of claims and mineral concession lands in Argentina. In Mendoza, these include: past uranium producers Huemul, Arroyo Seco and Agua Botada in the Pampa Amarilla district; La Pintada in the Sierra Pintada uranium district; and Ranquil-Co. In Neuquén these include: the Central Block, including the uranium districts of Chihuidos and Las Carceles; and the Campesino Norte Block. The Central block is the largest holding and represents the only uranium in situ leach potential project being explored in the country. In Chubut, these include properties in the San Jorge Basin. (See individual Projects at left)
The Company is well-funded to support the follow up programs for each one of our projects, including drill programs and airbone surveys, and to continue greenfield exploration programs in Argentina and other countries. The exploration schedule has been modified due to delays in the approval of environmental impact reports. Although follow up programs will be conditioned by environmental approvals, the actual exploration program for 2008 includes a 5,000m RC drill campaign at the Campesino Norte project, in Neuquén; and a combined 6,000m RC-core diamond drill campaign at the Huemul project, in Mendoza. The program also includes field exploration and airbone radiometric surveys over most of the Chubut areas controlled by the company and an information-gathering and assessment program for the Central Block in situ leach project in Neuquén.
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