Strateco Resources Inc. reported the results of a second set of holes from its 2012 drilling program on its wholly-owned Matoush uranium deposit. The goal of the 15,000 metre drilling program is to better define the mineralized zones discovered in 2010 and 2011, so as to increase the total resource in general and the Indicated resource in particular. Six more holes have been drilled on the southern extension of the new MT-34A lens since the last release April 23, 2012, which reported on the first set of results from the 2012 program. Two of these holes intersected very high grades over substantial widths. Hole MT-12-010 intersected 0.86% eU3O8 over 12.4 metres, including 3.12% eU3O8 over 3.1 metres. Hole MT-12-009 intersected 0.63% eU3O8 over 9.8 metres, including 1.97% eU3O8 over 2.4 metres. Hole MT-12-010 is about 45 metres from Hole MT-12-004, which intersected 0.50% eU3O8over 25.5 metres, including 2.76% eU3O8over 2.8 metres. As a measure, 1% U3O8 represents approximately 22 pounds per tonne. The uranium spot price is currently $52 per pound. In all, 7,078 of the 15,000 metres planned for the 2012 program have been drilled to date.