BIRMINGHAM, Mich., Oct. 24, 2006 (PRIMEZONE) -- StreetInsider.com announced today that Urex Energy Corporation (OTCBB:URXE) is its new featured company spotlight stock. The comprehensive profile of Urex Energy is available at http://www.streetinsider.com/company_spotlight.php?id=48
Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land, which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina. The Cerro Solo exploration block is approximately 20 km x 50 km, and borders the Cerro Solo Uranium deposit to both the North and the South.
Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa and Melrich uranium deposits. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide, which ranks it as the most prolific uranium district in the United States.
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