Aldershot Resources Ltd.: Breakthrough at Turee Creek Uranium Project
January 14 2008 - 9:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: ALZ) is pleased to
provide Mr. Ian Faris' Aldershot's VP Exploration and a Qualified
Person, latest overview on the Company's Turee Creek Project,
Western Australia where an orientation ground EM survey and
airborne radiometric-magnetic survey were completed during
2007.
The breakthrough has come about as a result of ground follow-up
carried out late in the season of the radiometric anomalies
identified by the airborne radiometric survey. This follow-up work
has identified an anomaly which management considers to be
particularly significant, being located near the level of the
unconformity and associated with carbonaceous units and uranium
mineralization, two of the critical parameters for unconformity
type uranium deposits. An airborne electromagnetic (EM-Tempest)
survey is now in progress. The Turee Creek Project is located 100
kilometres west of Newman in the Pilbara region of Western
Australia.
An airborne radiometric-magnetic survey, completely covering
Aldershot's licence area was undertaken in February-March 2007 and
the final interpretation was received in July. The survey was flown
N-S using 100m spacing and a 60m nominal height for a total of
1,167 line-kms.
While awaiting the interpretation of the airborne survey
results, an orientation ground EM survey was undertaken to test for
buried conductors. Following the ground EM survey, a contract was
then signed for an airborne EM (Tempest) survey. This survey, which
is part of a large regional multi-client survey, commenced in early
October 2007 and is due for completion at the end of January 2008.
Conductors located by the survey will aid in the design of a
drilling campaign to test for uranium mineralisation at depth and
to provide samples for alteration studies to direct subsequent
drilling.
In November, with the onset of the monsoonal rains around the
Pine Creek Projects in the Northern Territory, the field team moved
to the Turee Creek area and, pending receipt of the Tempest survey
results, commenced reconnaissance mapping and follow-up of the
airborne radiometric anomalies identified. The strongest anomaly
(TC-01) is associated with the Noranda Prospect and is defined by
an anomalous area showing values of greater than 500cps (counts per
second on a SRAT SPP2 scintillometer) with spots of up to 1500 cps.
The anomalous values compare with background readings of 20-30 cps
away from the mineralization. Samples, assayed by SGS, Perth using
ICP-MS, returned up to 4209 ppm U3O8 with elevated lead and copper.
TC-04, located 700m west of TC-01, is a 15m x 70m area with
elevated counts (up to 450 cps) associated with carbonaceous
siltstone and gossanous outcrop. Recently received assays returned
up to 120 ppm U3O8 with elevated copper (460 ppm) and vanadium (492
ppm). The TC-04 anomaly is considered particularly significant, as
it is located near the level of the unconformity and associated
with carbonaceous units and uranium mineralization, two of the
critical parameters for unconformity type uranium deposits.
However, testing by drilling will depend upon the results and
interpretation of the Tempest survey. Of the remaining radiometric
anomalies located, three were part of the Noranda Prospect and two
were associated with elevated backgrounds in basic volcanics.
The historical resource (approx. 810,000 lbs contained U3O8) at
the Noranda Prospect is considered to represent a 'perched' style
of mineralization above potential unconformity type deposits,
similar to those in the Athabasca region, which is the Company's
primary exploration target. Details of this historic resource were
reported previously (April 25 2006) but the Company has not
validated the resource nor does it comply with NI 41-103 reporting
requirements and should not be relied upon. The resource is
reproduced here only to show the potential of the area and to
identify mineralized zones that can reasonably be expected to be
substantiated by the Company's future exploration.
About Aldershot Resources Ltd.
Aldershot Resources Ltd. is a junior uranium exploration company
focused on projects in Australia, Canada, Zambia and Chile. The
Company's most advanced projects are located in Australia where
Aldershot is actively drilling to confirm and expand historical
resource estimates. The Company is aggressively pursuing corporate
growth through drilling and sampling on all of its properties as
well as through acquisition opportunities. Aldershot is committed
to become a dominant junior uranium exploration and production
company.
FOR AND ON BEHALF OF THE BOARD
ALDERSHOT RESOURCES LTD.
Jeremy Caddy, President and Director
This release has been prepared by management and no regulatory
authority has approved or disapproved the information contained
herein. Information in this report, insofar as it relates to
resources' estimation and exploration activities, is based on
information compiled by Ian Faris who is the Company's senior
uranium geologist and who has more than ten years experience in the
field of the activity being reported on. This report accurately
reflects the information compiled by this Professional
Engineer.
Should you wish to receive Company news via email, please email
catarina@chfir.com and specify "Aldershot News" in the subject
line.
Aldershot Resources, based in Vancouver, Canada, is a uranium
exploration company currently with projects in Northern Territory,
Western Australia, Quebec and Zambia. Shares of the Company are
listed for trading on the TSX Venture Exchange and there are
65,083,308 shares outstanding.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements",
which are subject to various risks and uncertainties that could
cause actual results and future events to differ materially from
those expressed or implied by such statements. Investors are
cautioned that such statements are not guarantees of future
performance and results. Risks and uncertainties about the
Company's business are more fully discussed in the Company's
disclosure documents filed from time to time with the Canadian
securities authorities.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
News Release.
Contacts: Aldershot Resources Ltd. Jeremy Caddy President &
Chief Executive Officer (604) 682-6718 (604) 682-6722 (FAX) Email:
jcc4tlx@intergate.ca Website: www.aldershotresources.com CHF
Investor Relations Christopher Haldane Associate Account Manager
(416) 868-1079 ext. 237 Email: chris@chfir.com
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