Useless News and more options being doled outStar Uranium Reports Preliminary Airborne Results
SASKATOON, SASKATCHEWAN, Jul 13, 2007 (CCNMatthews via COMTEX News Network) --
Star Uranium Corp. (TSX VENTURE:SUV), the Company is pleased to announce that preliminary results from an airborne VTEM survey of the Pardoe Lake and Alexander Lake properties in Saskatchewan have been received. The properties are located in the vicinity of JNR Resources Inc.'s Way Lake project where surface samples have yielded assays of up to 48% U3O8. Star Uranium has an undivided 100% interest in both properties.
The airborne survey consisted of approximately 3,500 line kilometres at a cost of about $400,000. On the Pardoe Lake property, two parallel conductors approximately 10 kilometres in length were outlined and are obvious targets for follow-up work, which will commence soon. In the Alexander Lake area, several folded conductors with a minimum strike length of 10 to15 kilometres were identified. Of particular interest is a 3 to 4 kilometre northwest trending conductor that crosscuts a northeast trending structural feature. Further evaluation of the data is in progress, which will lead to ground follow-up and diamond drilling.
The targets on these properties are basement-hosted uranium deposits similar to the Millennium deposit and Eagle Point deposits in the Athabasca basin. Overburden is very shallow (1 to 10 metres) in this area, which makes exploration easier and more cost effective, especially for diamond drilling. Analysis of IKONOS satellite imagery is currently being initiated on these properties. The results of this work will be used in conjunction with the VTEM data to identify structural and geochemical traps prospective for uranium mineralization.
Management is very pleased with results to date and is looking forward to drill-testing targets once they have been ground-proofed and prioritized.
The Company also announces the Company also announces the issuance of 700,000 options to directors and employees at a price of $0.30 for a period of two years, subject to regulatory approval.
For more information please visit our website at www.staruranium.com.
ON BEHALF OF THE BOARD
Rick Walker, President
SOURCE: Star Uranium Corp.
Star Uranium Corp. Rick Walker (306) 664-3828 (306) 244-0042 (FAX) Email: info@staruranium.com Website: www.staruranium.com
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