Star Uranium Corp. and United Uranium Corp. Complete Ground Magnetic Survey on Fort a La Corne Diamond Properties
02 Junho 2011 - 7:00AM
Marketwired
United Uranium Corp. (TSX VENTURE: UUC) and Star Uranium Corp. (TSX
VENTURE: SUV) (collectively the "Companies") today announced that
they have completed a ground magnetic survey on their Fort a la
Corne diamond properties (the "Claims"). The Claims are situated
immediately adjacent to the eastern border of the Shore Gold Inc.
("Shore") Fort a la Corne project. The survey was completed by Apex
Geoscience ("Apex") of Edmonton, Alberta, and included an analysis
of the jointly held Fort a la Corne diamond properties in
Saskatchewan (the "Claims").
The survey was designed to analyze existing airborne magnetic
anomalies and more precisely locate and define the anomalies
through ground work prior to commencing a diamond drilling
program.
Based upon the 2010 review by Apex of 2004 airborne magnetic
data, a total of 361 geophysical anomalies were selected as being
of potential interest for future kimberlite exploration. A total of
seven anomalies were identified as Priority-2 anomalies and
selected as being of high interest for future kimberlite
exploration. A total of 36 anomalies were selected as Priority-3
anomalies that require follow-up exploration and a total of 55
anomalies were selected as Priority-4 anomalies, which may or may
not require follow-up exploration for kimberlites.
Based upon the data review and ground truthing, a total of 17
magnetic anomalies on Star's Fort a la Corne Property were selected
for ground geophysical surveys in order to evaluate them for
potential kimberlites. Two anomalies, Star 179 and Star 352,
warrant drill testing for kimberlite. Four additional magnetic
anomalies may warrant a drill test and further ground geophysics
are being considered to determine their future exploration and
drill testing. A total of 25 Priority-2 and Priority-3 airborne
magnetic anomalies were not the subject of the current group of
ground geophysical surveys. The majority of these additional
targets are considered by Apex and the Companies to be good
kimberlite targets and warrant future ground geophysical surveys
followed by possible drill testing.
Star 500, a very strong north-south linear basement magnetic
anomaly was ground geophysically surveyed over a portion of the
anomaly to evaluate whether it could be the result of a deep seated
magnetite iron formation with gold and/or iron potential or a mafic
intrusive such as a differentiated gabbro with nickel potential.
The ground geophysical survey confirmed the presence of a very
strong north-south linear magnetic feature that is likely rooted in
the basement crystalline rocks at a depth of between 600m and
1,100m. The anomaly could be representative of a magnetite iron
formation or a mafic intrusive complex such as a gabbro.
Apex have recommended a two stage exploration program, with
stage one consisting of further ground magnetometer geophysical
surveying on all of the remaining Priority-2 and Priority-3
magnetic anomalies, infill ground magnetic surveys at certain
existing targets and a further review of the Star 500 target.
Further, Apex have recommended a Stage 2 reverse circulation or
core drilling program to test two to three kimberlite targets on
the Claims, as well as one deep basement hole to test the possible
banded iron formation.
Kyle Kozuska, President of United Uranium Corp. and Star Uranium
Corp. stated, "We are very pleased with the results to date. Apex
has further defined the Claims and we have gained valuable
information to move our project forward."
The Claims are owned 50/50 by United Uranium Corp. and Star
Uranium Corp., and include the claims that were formerly disputed
by Shore Gold Inc. and awarded to the Companies in a decision by
the Saskatchewan Court of Queen's Bench in 2007 and upheld by the
Saskatchewan Court of Appeal in 2008.
The technical information in this press release has been
reviewed and approved by Mike Dufresne, M.Sc., P.Geol., who is a
Qualified Person as defined by National Instrument 43-101.
Certain information set out in this News Release constitutes
forward-looking information. Forward-looking statements (often, but
not always, identified by the use of words such as "expect", "may",
"could", "anticipate" or "will" and similar expressions) may
describe expectations, opinions or guidance that are not statements
of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the respective
opinions, expectations and estimates of management of the Companies
as at the date the statements are made and are subject to a variety
of known and unknown risks and uncertainties and other factors that
could cause actual events or outcomes to differ materially from
those anticipated or implied by such forward-looking statements.
Those factors include, but are not limited to, the results
exploration programs and risks, uncertainties and other factors
that are beyond the control of the Companies, risks associated with
the industry in general, commodity prices, operational risks
associated with exploration, development and production operations,
delays or changes in plans, risks associated with the uncertainty
of reserve or resource estimates, health and safety risks and the
uncertainty of estimates and projections of production, costs and
expenses. In light of the risks and uncertainties associated with
forward-looking statements, readers are cautioned not to place
undue reliance upon forward-looking information. Although the
Companies believe that the expectations reflected in the
forward-looking statements set out in this press release or
incorporated herein by reference are reasonable, they can give no
assurance that such expectations will prove to have been correct.
The forward-looking statements of the Companies contained in this
News Release, or incorporated herein by reference, are expressly
qualified, in their entirety, by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: United Uranium Corp. and Star Uranium Corp. Kyle
Kozuska President (306) 664-3828 www.uniteduranium.com
www.staruranium.com
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