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Beacon Resources Inc CPLJF



GREY:CPLJF - Post by User

Post by sammenardon Jun 18, 2007 3:31pm
349 Views
Post# 12960577

GREAT NEWS: RPT drilling next to TAL

GREAT NEWS: RPT drilling next to TALRPT has moved their drill adjacent to TAL's claim block; they are drilling off the southeast corner of the main block. TAL has the drill site surrounded. Jun 18, 2007 14:59 ET RPT Uranium Corp. Commences Wolfpup Lake Drilling VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2007) - Dr. Hikmet Akin, President of RPT Uranium Corp. (TSX VENTURE:RPT), is pleased to announce the commencement of a planned 1,600 metre diamond drilling program at the company's Wolfpup Lake claim block in the Sibley basin northeast of Thunder Bay, Ontario. The winter-spring campaign of diamond drilling in the Split Rapids area has been completed. Forty-one holes totalling 7,856 metres have tested the 900 metre length of iron formation which is associated with uraniferous veins and fractures. To date, the highlight of the program has been the intersection of 4.68% U3O8 across a core length of 0.72 metres and 0.362% U3O8 across 0.30 metres in holes BSE07-02 and BSE07-03 (see news release of April 2nd, 2007). Assay results for samples from subsequent holes are awaited. Further drilling at Split Rapids is planned after all the results of the recent program have been received and compiled. The Wolfpup Lake claims cover a well-defined topographic lineament believed to reflect a post-basin fault structure, as well as a cluster of lake sediment geochemical anomalies. The anomalous lake sediments, from both federal and provincial government surveys, contain up to 43 ppm uranium, against a local background of 2-3 ppm. This phase of the program is planned to comprise approximately 1,600 metres of drilling, to locate and test the inferred fault zone near the unconformity at the base of the Sibley Group sediments. Previous drilling in the area indicates the unconformity to be 150 to 170 metres deep. Wolfpup Lake is approximately 17 kilometres north of the new uranium discovery announced by Benton Resources Corp. and Grandcru Resources Corp. on May 24th and June 14th, 2007. The structural environment is believed to be similar although the cover of Sibley Group sediments obscures any potential mineralization at or below the sub-Sibley unconformity.
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