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UEX Corporation

10:42 AM EST - UEX Corporation : announced that the Company and Uracan Resources Ltd., have commenced a $455,000 diamond drilling program of approximately 1,900 metres on the Black Lake Project. The Property is located along the northern margin of the prolific Athabasca Basin in northern Saskatchewan. UEX Corporation shares T.UEX are trading up $0.005 at $0.30.