Uranium Star Launches Major Program to Quantify Mystery Source of “Spectacular” Uranium and Gold Boulder Field Company has raised $17 million for 2007 exploration program
.....
Sagar Property May Host Rich Uranium Deposit Uranium Star’s Sagar Property is located within the Romanet Horst in the northern part of Quebec’s Labrador Trough, where the boundary between older and younger rocks form an unconformity similar to where most of the uranium deposits in the Athabasca Basin are found.
.....
Als Fazit:
Quick FACTS Uranium Star is a rapidly emerging uranium exploration company with signifi cant assets in Northern Quebec, Arizona and Finland. The company is focused on high priority uranium property acquisition and exploration in order to participate in meeting the signifi cant and increasing demand for uranium as an alternative energy source. Uranium Star recently started its winter exploration program on its fl agship Sagar uranium-gold project in northeastern Quebec. The objective is to identify the source of the high grade Mistamisk uranium-gold boulders which feature average grades of 1.3% U and 64.9 g/t AU. Work will consist of establishing a large line grid, geophysical surveys, extensive reverse circulation drilling and diamond drilling to vector in on the source of the uranium-gold mineralization. The Sagar Property possesses exceptional grades for both uranium and gold. The Mistamisk Boulder Field is approximately 500 x 250 meters in size and contains many radioactive boulders. In a Virginia Mines report, 70 boulders assayed an average of 64.9g/t Au and 1.3% U (with values up to 640 g/t Au and 16.5% U). Uranium Star is the direct benefi ciary of the extensive exploration efforts incurred by previous operators, including Virginia Mines. Highlights ■ Joint Venture Project with Virginia Mines – Uranium Star is the direct benefi ciary of the extensive exploration efforts incurred by companies such as Hemlo, Inmet, Virginia, Kennecott, Denison Mines and LaFosse Platinum. These programs have shown that the Sagar Property is characterized by an impressive amount of uranium, gold, copper and lead/zinc mineralization of different styles and potential deposit models. ■ Spectacular Mineralization – The mineralization found in the Mistamisk Boulder Field has fueled an ongoing drive to discover its source since the early 1980s. Uranium Star believes that the source area of the boulder fi eld has been identifi ed and is now planning a Winter Program to quantify this conclusion. |