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Energy Ventures director buys 500,000 shares on-market

Energy Ventures (ASX: EVE) chairman Alasdair Cooke has boosted his direct stake in the company through an on-market purchase.

Cooke purchased 500,000 shares for a consideration of $44,256 - for an average entry price of $0.088.

Cooke now holds a direct interest of 8.2 million shares with two lines of one million unlisted options, along with an indirect interest of 49.7 million shares.

Energy Ventures is currently in a very interesting position, and just last month confirmed the Aurora uranium deposit contains significant near-surface uranium mineralisation that may be amenable to exploitation through shallow open-pit mining.

The confirmation came from results obtained from further chemical assays for six diamond drill holes at the uranium project in southeast Oregon, U.S.

Significant intersections from the higher grade parts of the resource include 40.2 metres at 672 parts per million (ppm) uranium (U3O8) from 57.6 metres, and 19.2 metres at 1161 ppm U3O8 from 57.6 metres.