Uravan Minerals Inc. - DRILL TARGETS AT OUTER RING
October 18 2010 - 8:57AM
PR Newswire (Canada)
CALGARY, Oct. 18 /CNW/ -- (TSVX: UVN ) CALGARY, Oct. 18 /CNW/ -
Uravan Minerals Inc. ("Uravan") has completed a preliminary data
analysis on their Outer Ring uranium project in the Athabasca
Basin, northern Saskatchewan. The property, 100% owned by
Uravan, is located along the Cable Bay shear zone in the Pasfield
Lake area. The Outer Ring property was acquired by Uravan in
December 2009. A surface geochemical program was completed in
July 2010. The preliminary geochemical data analysis was concluded
in October 2010. A drill program on the property is anticipated for
early 2011. The geochemical data from the Outer Ring sampling
program capitalized on new technology developed from a pilot study
conducted on the Cigar West uranium deposit (Cigar West Study). The
Cigar West Study was a collaborative applied research program
conducted by Uravan and QFIR (Queen's Facility for Isotope
Research) in 2009. The Cigar West Study consisted of a multifaceted
surface and drill core sampling program over a known high-grade
uranium deposit. The Study was designed to develop new surface
geochemical techniques that can better identify bedrock sources of
undercover uranium mineralization at greater depths. This
research clearly identified distinctive elements and isotopic
compositions that have been mobilized from the deposit to the
surface media at depths 450 meters. Based on our knowledge gained
from the Cigar Lake Study, we have encouraging preliminary results
from the Outer Ring geochemical program that revealed positive lead
(Pb) isotope compositions and associate pathfinder elements found
in certain soil components, vegetation and tree-core samples.
In another positive development, these surface anomalies are
trending and coincide positively with new government geophysical
survey data and other interpreted structural features. As a result
of the positive data analysis on the Outer Ring geochemical
program, Uravan's technical group are now working on defining
specific drill targets and we fully expect to be "drill ready" by
early 2011. For more information on the technical details of this
project, please visit:
http://www.uravanminerals.com/properties/outer_ring_project/ The
Queen's Facility for Isotope Research (QFIR) at Queen's University,
Ontario is a state-of-the-art research facility, comprising a group
of highly experienced research geochemists. The QFIR lab contains
some of the most technologically advanced analytical equipment in
Canada. Under the direction of Dr. Kurt Kyser, the QFIR research
team is working collaboratively with Uravan's technical group to
develop new exploration technologies using applied research. In
addition to the QFIR research team, Dr. Colin Dunn, an independent
specialist in biogeochemistry, is working closely with Uravan's
technical group and QFIR to advance the interpretation of
biogeochemical results. Dr. Kurt Kyser and Dr. Colin Dunn are key
technical advisors for Uravan. Uravan is a Calgary Alberta based
R&D mineral exploration company specializing in developing new
uranium exploration technologies. Our vision is to get to discovery
faster and more cost effectively in under-explored frontier areas.
Uravan is pursuing exploration for potential high-grade
unconformity-related uranium deposits in the Athabasca and Thelon
Basins in Canada and other basin environments globally. Uravan is a
publicly listed company on the TSX Venture Exchange under the
trading symbol UVN. All of the mineral properties Uravan owns are
considered in the exploration stage of development. This press
release may contain forward looking statements including those
describing Uravan's future plans and the expectations of management
that a stated result or condition will occur. Any statement
addressing future events or conditions necessarily involves
inherent risk and uncertainty. Actual results can differ materially
from those anticipated by management at the time of writing due to
many factors, the majority of which are beyond the control of
Uravan and its management. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/October2010/18/c3225.html
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