RE: news from Walker''''s other companyGood UCA news 50% owned property, is SUV the other one?
Jun 28, 2007 14:39 ET
United Carina Resources Corp.: Hatchet Lake Uranium Property Update
SASKATOON, SASKATCHEWAN--(Marketwire - June 28, 2007) - United Carina Resources Corp. (TSX VENTURE:UCA) United Carina Resources Corp. reports that results from a 4 hole drill program on its Hatchet Lake, Saskatchewan uranium program have been received from the Saskatchewan Research Council lab in Saskatoon.
The holes were drilled to test weak conductors up-ice from sandstone boulders which showed evidence of clay alteration of the type which typically surrounds uranium mineralization in the region.
Hole UCA-1 was drilled through the ice of Hatchet Lake. It did not intersect any sandstone, but it did intersect strongly altered basement rocks. No radiation above background was detected from the core with a scintillometer, and no uranium above the detection limit was returned in assays of two samples of the most highly altered rock. However, higher-than-background values of several pathfinder elements were returned.
Hole UCA-2 was drilled on land, about 6.6 km southwest of UCA-1, near holes drilled by United Carina last year, and near other holes drilled by previous operators. It intersected sandstone which showed some maroon-coloured diagenetic alteration overlain by bleaching, hematization, and clay alterations, all of which are normally part of the mineralizing process. Values of uranium and several pathfinder elements increase towards the unconformity, with the highest value of uranium, 4 parts per million ("ppm"), occurring over a half-metre just above the unconformity. Below the unconformity the hole intersected a quartz-feldspar-biotite gneiss showing hematitic alteration immediately below the unconformity, and weak clay alteration of the feldspars. A value of 7 ppm uranium was returned for the first half-metre beneath the unconformity, with lower values in the three samples below that one.
Hole UCA-3 was drilled about 1 km southwest of UCA-2 to test a conductor parallel to the one tested by UCA-2. Rocks both above and below the unconformity were noticeably less altered than in UCA-2. Uranium assayed 0.5 ppm in sandstone over 1 metre above the unconformity, and 3 ppm over 1 metre below it.
Hole UCA-4 was drilled about 1.5 km northwest of UCA-3, to attempt to drill where hole C-5 was lost last year. The hole was completed this time, and intersected the unconformity. As was the case in UCA-3, the degree of alteration above and below the unconformity was significantly less than in UCA-2. Uranium values one metre above and below the unconformity were below detection limit and 0.8 ppm respectively.
It had been planned to drill at least one more hole at each site if results warranted, and a second hole would have been drilled east of UCA-2. However, the season was too far advanced to attempt completion of the program. Untested targets previously outlined and a newly discovered target will be drilled when weather and drill site conditions allow. The Company's 50% owned drill is currently in the immediate vicinity of the Hatchet Lake project.
Currently, a prospecting and sampling program is being carried out in an area where surface samples have yielded better than 1% U3O8.
Mr. Ralph Newson of Saskatoon, Saskatchewan was the Qualified Person for this project.
For more information please visit our website at www.unitedcarina.com.
ON BEHALF OF THE BOARD
Rick Walker, President
The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This News Release.