TORONTO, ONTARIO — (Marketwire) — 07/26/11 — (TSX VENTURE: UWE), a Canadian-based company, focused on exploration and resource expansion of and in South America, reports uranium recoveries of 82% from the first phase of ongoing metallurgical testwork on the in by SGS Minerals Services ("SGS") in its Lakefield, Ontario, laboratory."These positive initial metallurgical results constitute an important step in advancing the Kurupung Project from a uranium discovery to a depos