News..Jul 30, 2007 08:00 ET
RPT Uranium Corp. to Resume Drilling at Split Rapids
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2007) - Dr. Hikmet Akin, president of RPT Uranium Corp. (TSX VENTURE:RPT), is pleased to announce that the company is commencing an additional 10,000 metre diamond drilling program in the Split Rapids area of its Sibley basin uranium property northeast of Thunder Bay, Ontario. The program will focus on following up several clusters of uranium-bearing veins along a 900 metre long Archean iron formation. The exposed Archean basement rocks are believed to lie just below the Sibley unconformity, which has been eroded away over this uplifted block east of the Black Sturgeon fault.
Highlights of previous drilling at Split Rapids include 1.50 metres of 2.99% U3O8 (hole BS05-30), 0.72 metres of 4.68% U3O8 (hole BSE07-03) and 6.35 metres of 0.222% U3O8 (hole BSE07-31).
Drilling activities moved in June from Split Rapids to the Wolfpup Lake claim block, 40 kilometres to the south, to test an inferred fault zone coincident with lake-sediment geochemical uranium anomalies. Eight holes totalling 2,695 metres were drilled at Wolfpup Lake. Evidence of fault-related brecciation and hematization was found in three holes. Favourable alteration consisting of silicification in permeable units in the Sibley sediments was also located, and an illite-bearing regolith developed on basement granites was observed in two holes. Additional drilling at Wolfpup Lake will take place next winter, as most of the 8.5 kilometre length of the structure lies under lake and swamp.
Technical information in this news release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in NI43-101, and vice-president of exploration for the company.
ON BEHALF OF THE BOARD,
Hikmet Akin, President