Unity Identifies Targets at Lampin Lake, Athabasca Basin
13 Setembro 2011 - 10:00AM
Marketwired
Unity Energy Corp. (TSX VENTURE: UTY) ("Unity" or the "Company") is
pleased to announce that it has identified five distinct
exploration target zones at its Lampin Lake Uranium Project, which
adjoins UEX's Hidden Bay Project and is located approx. 16km
southeast of Hathor's Roughrider discovery. The zones were
identified through a detailed analysis of VTEM data, historical
Bouguer Gravity and diamond drilling to the south by Cameco (Dawn
Lake Project).
Zones A, B and C are were identified through the VTEM as
conductive anomalies that exist within magnetic lows that could not
be explained by surface features, conductive lake or stream
sediments. Zones D and E were identified as highly conductive
anomalies that exist within a magnetic low. Zone C is particularly
interesting. This approx. 1.5km long zone is open to the west and
roughly parallels the Q12-A Zone, a conductive series that lies
less than 500m south of Lampin's southern boundary in the Telephone
fault. Exploration of the Q12-A EM conductor, by Asamera and
subsequently Cameco, led to the discovery of a large alteration
zone. The best hole Q12-A-009 (1982) intersected approx. 4.0m of
0.13% uranium mineralization at a depth of 196m, this being at the
unconformity. It is the Company's hypothesis that mineralization is
controlled by a faulting structure that exists within the
boundaries of the Lampin Lake Project, just to the north of the
conductive series. An "off-conductor" exploration model, along the
lines of Hathor's Roughrider Deposit, Denison's Phoenix Zone or
Cameco's Millennium Deposit, has been proposed.
The proposed exploration model is that the deposition of uranium
mineralization exists within an alteration zone which is often
marked by a graphitic horizon which can be highly conductive and
therefore detectable by geophysical techniques. Magnetic lows in
the survey may indicate possible faulting or breaks in the basement
rock through which mineralized fluids have penetrated and deposited
uranium at the basement or within the overlying sandstone.
Together, the existence of a conductor in association with a
magnetic low can form a compelling exploration target. The
company's next step is to examine conductivity depth sections along
prospective VTEM flight lines to model cross sections of the target
zones. If warranted, targets would then be examined by ground
geophysics and then diamond drilled.
Dr. Peter Born P.Geo., the Company's Qualified Person and
Director, has not reviewed the original drill logs, assays or core
of historic drilling. Geological and exploration information
contained in this release is derived from sources believed to be
credible.
On Behalf of the Board of Directors of Unity Energy Corp.
Anita Algie, B.Sc. Hon, President
Neither 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: Unity Energy Corp. Anita Algie, B.Sc. Hon President
604-681-0004 www.unityenergycorp.com
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