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Uranium Star has Gained a Tremendous Advantage through
its Strategic Partnership with Virginia Mines
By engaging with Virginia Mines for the Sagar Property, Uranium Star will benefit from Virginia's expertise and knowledge of the Quebec Region, as well as their established reputation in Canada. This alliance will certainly enhance the potential for success of the Sagar Project.
The Sagar property is located 190 kilometers north - northwest of Schefferville, in the Province of Quebec. The property covers an area of approximately 50 square kilometers.
The spectacular mineralization found in the Mistamisk Boulder Field has fueled an ongoing drive to discover its source since the late 1980's. 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 4.11% U). Uranium Star is the direct beneficiary of the extensive exploration efforts incurred by Hemlo, Inmet, Virginia, and LaFosse among others. 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.
Armed with this historical data, Uranium Star, in the summer of 2006 conducted an extensive field exploration program adding new, highly mineralized uranium boulders to the north and south of the Mistamisk Boulder field. Quaternary work has confirmed the direction of the ice flow that produced the boulder field and initial water sample results have produced distinct uranium anomalies up ice to the boulder field. Yukon now believes that the source area of the boulder field has been identified and is planning a Winter Drill Program to test this hypothesis.
The property occurs in the Romanet Horst, within the northern part of the Labrador Trough
The property contains the 500 x 250 m Mistamisk Boulder Field, which consists of 150 boulders.
These boulders range in content from:
Uranium: Up to 4.11% U
Gold: Up to 640 g/t Au
The average of 70 mineralized boulders is 64.9 g/t Au and 1.3% U . The source of the boulders has not been discovered.
The Sagar Property has also shown extreme upside potential through testing, containing Uranium-Gold showings in albitized sediments:
Viking showing with grab samples as high as 223 g/t Au & 0.1% U
Eagle showing with grab samples as high as 5.4 g/t Au & 1% U
Kish showing with grab samples as high as 1.0 g/t Au & 1% U
The final report of its extensive summer water sampling program from the Sagar Uranium/Gold Property. The report includes newly defined anomalies in two target areas located southeast of Lake Mistamisk which are coincident with the interpreted up-ice source area of the Mistamisk uranium-gold Boulder Field as determined by Quaternary studies conducted this year (see news release of Oct 12, 2006).
Total Count Radiometric Survey
view pdf version
In addition to the possible up-ice source area, the water geochemical survey defined an extensive area of low pH bogs surrounded by uranium - molybdenum and uranium - copper anomalies on the Crowbush Grid. These anomalies are coincident with high magnetic signatures. This feature could be caused by a large scale redox phenomenon related to a large uranium mineralized system.
The eastern Crowbush grid hosts a high priority target in an area located approximately 2 kilometers to the east of the low pH bogs. These uranium - copper and uranium - molybdenum anomalies are located on favorable WNW and NW intersecting structures and have a close association with a large alteration signature identified by the water geochemical survey. Of added significance field mapping has confirmed that this area contains the host rock (albitized green mudstone) known for hosting uranium - gold mineralization.
Water an Ideal Medium to Detect the Geochemical Expression of Mineralization
Uranium Star's consulting geochemist has stated "The Mistamisk Valley (Romanet horst) is characterized by low relief and relatively little outcrop. There are numerous streams and small ponds from which to collect water. The drainage pattern indicates that the water table is very close to surface and suggests that overburden, though fairly continuous, is relatively thin. Under these conditions, much of the drainage in the region will be base flow along the overburden/bedrock surface prior to breaking out to the surface at seepage points marginal to streams, ponds, and lakes. This makes water an ideal medium to detect the geochemical expression of mineralization from both bedrock and overburden sources" (read the full report).
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