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gunfighteron Mar 03, 2006 3:58pm
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Santoy Announces Uranium Assays from Anomaly
Santoy Announces Uranium Assays from Anomaly Santoy Announces Uranium Assays from Anomaly 7 Area, Labrador
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Santoy Resources Ltd. (TSX Venture Exchange -- SAN) is pleased to
report assay results from it's 100% owned Anomaly 7 area claims in the
Central Mineral Belt of Labrador. During the past exploration season,
field work was concentrated on the historic Anomaly 7 area where
previous diamond drilling by Canico (1978 to 1980), intersected
significant uranium mineralization hosted in Archean "basement"
intrusive rocks. The best reported intersection was 0.129 % U3O8 over
23.4 meters, including 9.68 meters of 0.249 % U3O8. In the fall of
2005, Santoy completed a number of channel samples with the use of a
rock saw over the discovery outcrop. The results confirmed the presence
of significant mineralization:
Channel From To Interval(m) Average ppm U **Average
% U3O8
Line 0+15E 0+03N 0+08N 5.0 968 0.114
Line 0+23E 0+02N 0+07.3N 5.3 1827 0.216
Line 0+32E 0+01N 0+06N 4.0 1072 0.126
Line 0+63E 0+05S 0+08S 3.0 2757 0.325
** calculated-results were reported in ppm U
Santoy also completed three diamond drill holes for a total of 514
metres, to test beneath and along strike from the previous drilling.
Drill hole A7-05-01 was designed to test the down dip extension (at
--35 metres) of mineralization intersected in Canico's most easterly
hole, BH 51569. That drill hole returned a best intersection of 0.132%
U3O8 over 11.4 meters. A7-05-02 was designed to test 50 meters along
strike to the east of the mineralization intersected in BH 51569.
A7-05-03 was drilled to test the possibility that the west extension of
the mineralization trends to the north of Canico's most westerly hole,
BH 51570.
Drill Hole From (m) To (m) Interval(m) Intersection(%U3O8/m)
A7-05-01 89.05 91.70 2.70 0.278
A7-05-01 158.81 160.81 2.00 0.129
A7-05-02 73.82 75.32 1.50 0.062
A7-05-03 39.00 43.40 4.40 0.071
A7-05-03 39.00 40.00 1.00 0.218
Other work completed by Santoy in the Anomaly 7 area included a lake
sediment geochemical survey, prospecting and mapping along well defined
structural linears, some of which had documented showings from the
previous Canico work. An airborne radiometric and magnetometer survey
was completed, but unfortunately not until after the field crew had
demobilized for the season. Both the lake sediment sampling and the
airborne radiometrics identified a number of anomalous areas and these
will be evaluated and prioritized for field follow up during the summer
of 2006.
Airborne radiometric and magnetometer surveys were also completed on
the remainder of Santoy's 100% owned claims. These areas, known as
Gravelly River, West Michelin, and West Micmac, will also be subject to
follow up programs.
The Qualified Person, as defined by National Instrument 43-101,
responsible for review of this news release is Ron Nichols, P.Geo.,
Vice-President of Exploration.