Santoy announces drilling Labrador Santoy Announces Diamond Drilling to Resume at Mustang Lake,
Labrador
=======================================================================
Santoy Resources Ltd. (TSX Venture Exchange -- SAN) is pleased to
report that the drill permit for Mustang Lake has been issued, and the
crew is mobilizing to site where the drill rig is presently stored. The
Mustang Lake property forms part of a 50/50 uranium exploration Joint
Venture with Monster Copper Corp. ("Monster", symbol TSX.V-MNS).
Summaries of the fall, 2005 drill results and the radiometric surveys
can be seen on the Santoy website.
On the Mustang Lake property, a total of 1500 m (12 holes) are planned
to test seven discrete airborne radiometric uranium anomalies which are
associated with glacially dispersed uranium-bearing boulders.
Diamond drilling by Santoy in 2005 was carried out prior to obtaining
the final results of a helicopter-borne radiometric/magnetic survey
over both the Mustang Lake and Bruce River. Results of this survey
have revealed well defined anomalies in eU and eU/eTh, collectively
referred to as airborne radiometric uranium anomalies and thought to
provide the most convincing evidence for the presence of hydrothermal
uranium.
One of the targets, called the Mustang Lake East, consists of an
airborne radiometric uranium anomaly situated near the shore of Mustang
Lake and associated with a definable down-ice mineralized boulder
train. This area has not been previously drill tested. Sampling of 22
boulders by Brinex in the 1970's averaged 0.1% U3O8 (range 0.02 to
0.6%).
Six targets are on the Irving/South Prospect and consist of untested
airborne radiometric uranium anomalies which occur within and up-ice
from mineralized boulder trains. The boulder trains were originally
defined by Brinex in the 1970's, where sampling of 117 boulders on the
Irving Zone averaged 1.28% U3O8 (range 0.09 to 6.25%) and sampling of
40 boulders on the South Prospect returned assays averaging 0.55% U3O8
(range 0.02 to 3.5%). Three holes drilled by Santoy in 2005
encountered shear-hosted mineralization. Subsequently an airborne
radiometric uranium anomaly was identified immediately to the
northeast, suggesting that the mineralization encountered in the drill
holes could represent the fringe of a more significant mineralized
zone.
The Qualified Person, as defined by National Instrument 43-101,
responsible for review of this news release is Ron Nichols, P.Eng.,
Vice-President of Exploration.
About Santoy Resources Ltd.
Santoy Resources Ltd. is a Canadian mining exploration company focused
primarily on the energy sector. Emphasis is being placed on uranium
projects in British Columbia, Saskatchewan, Manitoba, Central Mineral
Belt of Labrador, the United States and Central America; and on coal
and coal bed methane in Western Canada. A description of our
properties, including maps and photographs, can be viewed on the
Company's website at www.santoy.ca.
On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
"Ron Netolitzky"
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
=======================================================================
Copyright (c) 2006 SANTOY RESOURCES LTD. (SAN) All rights reserved.
For more information visit our website at https://www.santoy.ca/ or send
mailto:info@santoy.ca
Message sent on Fri Apr 21, 2006 at 2:09:41 PM Pacific Time
=======================================================================