Aurora's Winter Drill Program Enhances Continuity of Michelin Deposit
April 22 2008 - 9:23AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (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
----------------------------------------------------------------
Hole_ID From (m) To (m) Length (m) % U3O8
----------------------------------------------------------------
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
----------------------------------------------------------------
M08-090 714.49 725.36 10.87 0.24
----------------------------------------------------------------
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
----------------------------------------------------------------
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
----------------------------------------------------------------
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
----------------------------------------------------------------
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
----------------------------------------------------------------
M08-103 Pending
----------------------------------------------------------------
M08-104 Lost Hole - No Assays
----------------------------------------------------------------
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
----------------------------------------------------------------
M08-106 Lost Hole - No Assays
----------------------------------------------------------------
M08-106A Pending
----------------------------------------------------------------
M08-107 Pending
----------------------------------------------------------------
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
----------------------------------------------------------------
Hole ID From (m) To (m) Length (m) % U3O8
----------------------------------------------------------------
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
----------------------------------------------------------------
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
----------------------------------------------------------------
M08-093 Pending
----------------------------------------------------------------
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
----------------------------------------------------------------
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
----------------------------------------------------------------
M08-097 156.02 164.02 8.00 0.21
incl. 161.02 163.02 2.00 0.42
----------------------------------------------------------------
M08-099 136.81 151.81 15.00 0.13
and 167.00 171.32 4.32 0.11
----------------------------------------------------------------
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
----------------------------------------------------------------
M08-102 Lost Hole - No Assays
----------------------------------------------------------------
M08-102A 75.70 107.45 31.75 0.06
----------------------------------------------------------------
M08-105 Pending
----------------------------------------------------------------
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.
Contacts: Aurora Energy Resources Inc. Andrea Marshall Manager,
Government and Media Relations (709) 726-2223 Aurora Energy
Resources Inc. Don Falconer VP, Corporate Development (416)
362-5556 Website: www.aurora-energy.ca
Alexco Resource (TSX:AXU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Alexco Resource (TSX:AXU)
Historical Stock Chart
From Jul 2023 to Jul 2024