Aurora's Winter Drill Program Enhances Continuity of Michelin Deposit
April 22 2008 - 9:23AM
Marketwired Canada
Aurora Energy Resources Inc. ("the Company") (TSX:AXU) is pleased to announce
that a recently completed winter drill program at the Michelin Deposit has
returned some of the best uranium results to date. Twenty three drill holes were
completed, which focused on both infilling the deeper portion of the deposit and
further confirming historic drilling in the shallow "open-pitable" part of the
deposit above 200 metres depth.
INFILL DRILLING
Twelve new drill holes have intersected the Michelin Deposit between 550 and 675
metres depth. These holes were designed to tighten up drill spacing in order to
convert a portion of the "inferred" resource to the "indicated" category.
Results include the following highlights:
- 0.12% U3O8 over 46.50 metres including 0.21% U3O8 over 10.53 metres in M08-089
- 0.11% U3O8 over 59.03 metres including 0.22% U3O8 over 10.16 metres in M08-098
- 0.10% U3O8 over 49.05 metres in M08-100
- 0.24% U3O8 over 17.75 metres in M08-104A
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Hole_ID From (m) To (m) Length (m) % U3O8
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M08-089 639.50 686.00 46.50 0.12
incl 640.50 645.50 5.00 0.26
and incl 649.97 660.50 10.53 0.21
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M08-090 714.49 725.36 10.87 0.24
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M08-091 743.33 757.20 13.87 0.12
incl 745.32 746.32 1.00 0.23
and incl 755.20 756.20 1.00 0.21
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M08-095 591.30 605.00 13.70 0.12
incl 593.80 596.24 2.44 0.26
and 614.74 637.67 22.93 0.07
incl 627.43 634.67 7.24 0.10
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M08-098 695.30 754.33 59.03 0.11
incl 703.20 718.20 15.00 0.15
and incl 744.17 754.33 10.16 0.22
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M08-100 631.38 680.43 49.05 0.10
incl 636.78 647.90 11.12 0.13
and incl 664.43 679.43 15.00 0.16
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M08-103 Pending
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M08-104 Lost Hole - No Assays
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M08-104A 618.93 636.68 17.75 0.24
and incl 618.93 625.00 6.07 0.28
and incl 628.65 634.67 6.02 0.31
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M08-106 Lost Hole - No Assays
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M08-106A Pending
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M08-107 Pending
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SHALLOW CONFIRMATION DRILLING
Eleven drill holes were completed on a portion of the historic resource above
200 metres depth to verify the results of the previous operator. Results to date
are encouraging, with the following highlights:
- 0.15% U3O8 over 19.23 metres in M08-088
- 0.10% U3O8 over 32.60 metres in M08-092
- 0.09% U3O8 over 32.09 metres in M08-094
- 0.09% U3O8 over 52.00 metres in M08-096
- 0.09% U3O8 over 41.15 metres in M08-101
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Hole ID From (m) To (m) Length (m) % U3O8
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M08-088 152.83 172.06 19.23 0.15
incl 163.62 170.06 6.44 0.22
and 183.87 190.15 6.28 0.16
incl 186.87 187.87 1.00 0.44
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M08-092 135.60 168.20 32.60 0.10
incl 136.60 144.60 8.00 0.19
and incl 147.60 149.60 2.00 0.29
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M08-093 Pending
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M08-094 102.36 134.50 32.14 0.09
incl 102.36 111.16 8.80 0.19
and incl 124.42 126.42 2.00 0.28
and incl 132.98 134.50 1.52 0.21
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M08-096 15.00 67.00 52.00 0.09
incl 15.00 16.12 1.12 0.21
and incl 22.93 27.03 4.10 0.20
and incl 31.21 44.37 13.16 0.16
and incl 64.00 67.00 3.00 0.29
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M08-097 156.02 164.02 8.00 0.21
incl. 161.02 163.02 2.00 0.42
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M08-099 136.81 151.81 15.00 0.13
and 167.00 171.32 4.32 0.11
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M08-101 82.75 123.90 41.15 0.09
incl 84.25 101.90 17.65 0.12
and incl 84.25 95.00 10.75 0.14
and incl 116.96 123.90 6.94 0.16
incl 119.96 122.47 2.51 0.28
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M08-102 Lost Hole - No Assays
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M08-102A 75.70 107.45 31.75 0.06
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M08-105 Pending
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The orientation of the mineralized zones is interpreted to be moderately to
steeply southeast dipping and stated widths are approximately 80% of true
widths.
ABOUT AURORA
Aurora is a uranium exploration and development company focused on the Central
Mineral Belt in coastal Labrador -- one of the world's most promising uranium
districts.
Aurora continues to work closely with the Nunatsiavut Government, Inuit
Community Government representatives and Beneficiaries to build a better
understanding of uranium mining. Aurora is committed to responsible development
with lasting local benefits and the highest standards of safety, health, and
environmental protection.
Assay results have been prepared under the guidance of Mr. Ian Cunningham-Dunlop
P. Eng, Vice-President - Exploration for Aurora Energy Resources Inc., who is
designated as a Qualified Person with the ability and authority to verify the
authenticity of and validity of this data. Drill core was prepared and analyzed
in accordance with industry standards by Activation Laboratories Ltd, Ancaster,
Ontario.
Except for the statements of historical fact contained herein, certain
information presented constitutes "forward-looking statements". Such
forward-looking statements, including but not limited to, those with respect to
the timing and amount of estimated future resources and resource conversion
rates, potential for expansion of resources and potential size of future
exploration programs and potential timing of receipt of permits and
classification of future mineral resources, and potential for future benefits,
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievement of Aurora to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among others,
risks related to the actual results of current exploration activities,
conclusions of economic evaluations, uncertainty in the estimation of mineral
resources, changes in project parameters as plans continue to be refined, future
prices of uranium, environmental risks and hazards, increased infrastructure
and/or operating costs, labor and employment matters, and government regulation
as well as those factors discussed in the section entitled "Risk Factors" in
Aurora's Annual Information Form available on SEDAR at www.sedar.com . Although
Aurora has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Aurora disclaims
any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Accordingly,
readers should not place undue reliance on forward-looking statements.
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