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Renaissance Oil Corp. RNSFF

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

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Post by lhyneson Apr 21, 2006 5:39pm
331 Views
Post# 10721087

Santoy announces drilling Labrador

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 =======================================================================
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