Pitchstone plans RC drilling at Dome property
2009-06-11 07:19 ET - News Release
Mr. Ted Trueman reports
PITCHSTONE EM SURVEY GENERATES URANIUM TARGETS IN NAMIBIA - DOME NORTH GROUND EM SURVEY COMPLETED - PALEOCHANNEL TARGETS IDENTIFIED - DRILLING PLANNED
Pitchstone Exploration Ltd. has completed a ground electromagnetic (EM) geophysical survey on the Dome property in Namibia. The project is a uranium exploration joint venture between Pitchstone (55 per cent) and private company Manica Minerals Ltd. (45 per cent) through Manica's wholly owned subsidiary Cheetah Minerals Exploration Ltd. The property is located 65 kilometres south-southwest of the Rossing uranium mine and 60 kilometres southwest of the Langer Heinrich uranium mine.
The EM survey consisted of 128 line kilometres within an 8,000-hectare area at Dome North that includes a zone of calcrete-hosted uranium mineralization discovered during an exploration program completed in March of this year (see April 21, 2009, news issued in Stockwatch). Five of six grab samples from the zone are mineralized and contain 196 to 1,620 parts per million uranium (0.02 to 0.19 per cent U3O8). Mineralization consists of a yellow uranium-vanadium oxide that occurs within sparsely exposed conglomerate over a 2.5-kilometre-long portion of a dry drainage channel.
The EM survey was successful in identifying several elongate conductivity anomalies that may be related to buried paleochannels. Some of these anomalies are adjacent to or near the mineralized area, and several are coincident with radon anomalies identified during a survey completed in 2008. A map showing the interpreted EM results can be viewed on Pitchstone's website.
Planning is under way for a reverse-circulation drilling program to test the uranium mineralization and targets generated by the EM and radon surveys. Fieldwork is being conducted by Cape Town based Remote Exploration Services on behalf of the joint venture.
Steve Blower, PGeo, president of Pitchstone, is the qualified person for the purposes of National Instrument 43-101, with respect to the technical information in this news release. Sample preparation and analyses were done by ALS Chemex, Johannesburg. A multielement ICP-MS analysis was completed on the samples after a four-acid, near-total digestion. Pitchstone uses internally and externally submitted standard reference materials for quality assurance and quality control of the sample preparation and analyses.