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.