RE: MONROE MINERALS ANNOUNCES 2008 EXPLORATION PLAThe Alexis River is Not affected by the three-year moratorium on uranium mining like Northern Labrador.
The Alexis River program commences in late June, 2008, and will comprise:
- Detailed prospecting and geologic mapping across the entire Alexis River property to determine the relationship between high uranium contents in lake sediment of Anomaly Lake and underlying country rocks;
- Geochemical soil or till surveys carried out in selected parts of the radiometrically anomalous highlands or in lowland areas believed to have potential;
- Review of Anomaly Lake sediment sample analysis data to determine if additional sampling programs are required both at Anomaly Lake and on other lakes on the property.
The program at Alexis River will be expanded during 2008, dependent upon initial results, with the intention of commencing drilling on the property, if conditions permit during the fall of 2008 or the winter of 2009.
Norther Labrador has been dealt a crippling blow after Inuit in the region imposed a three-year moratorium on uranium mining.