Five
horizontal diamond-saw channels crosscut the stripped mineralized lens along a
fifteen meter length returning from north to south:
- 0.5042 % uranium oxide over 2 m (1.04 % U3O8 over
1
m)*
- 0.155 % U3O8 over 1
m (.087 % U3O8 over 2
m with 0.13 % copper)
- 0.621 % U3O8 over 3
m (1.85 % U3O8 / 1 m, 0.5% lead, 0.17 % Cu 0.5%
vanadium)
- 0.1 % U3O8 over 1
m
- 0.532 % U3O8 over 1
m and0.165 % lead
* minimum
1 m long
diamond saw channel samples taken in volcanics by independant firm IOS and
assayed at Saskatchewan SRC following 3 distinct
methods
Two grab
samples returned 1,66 % U3O8 (0.131 % copper, 0.63 % lead, 1.5 % barium, 0.7 %
vanadium) and 0,624 % en U3O8, respectively. They were discovered in outcrop
following manual stripping of a 64 000 et 30 000 cps sector, with associated
uranophane and sulfides, mainly chalchopyrite. A brecciated texture and a strong shear
give a schistous look and fragments
are hematized in the brecciated areas. Mechanical stripping was thus undertaken over a 15 m extent by
5 m
width. The mineralized lens seems to follow a
north-south structure crosscutting the east-west sub-vertical sheared volcanics (600 – 1000 m width) and could be
further stripped along its extents with larger machinery or drilled at
depth.
The actual Otish winter
road and planned all weather road in the scope of the Quebec Government Plan
Nord is located 15
km from the property, which overlaps the western
unconformity of the Otish sedimentary basin. This press release was prepared by
Marie-José
Girard, M.Sc. P.Geo., qualified person pursuant to National
Instrument 43-101.
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responsibility for the adequacy or accuracy of this release.
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reflected in such forward-looking statements are based on reasonable
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Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory
authorities.