SASKATOON, July 3 /CNW/ - United Uranium Corp. (UUC-TSX Venture) and Star Uranium Corp. (SUV-TSX Venture) (the "Companies") wish to report preliminary results from its drilling program conducted in March 2008 on its jointly owned (50/50) Peace River Kimberlite project. Core samples from six drill holes were submitted to the Saskatchewan Research Council for analysis. The results are very significant due to the number of kimberlite indicators present in the samples. More importantly, they provide some details as to the proximate source of potential kimberlite pipes on properties owed by the Companies.
The Qualified Person for the project, Paul A. Hawkins, P.Eng. reports:
Initial Results from the six-overburden drill holes on the Peace River Kimberlite Project are now available. The program was aimed at defining the till stratigraphy and kimberlitic indicator mineral distribution of the area. The program was conducted using an Ingersoll Rand TH60 Rotary Drill. Preliminary analysis confirms the presence of three till units (upper, lower, and basal) and other fluvial glacial sediments. Stratigraphy between holes is as expected, not uniform. Results generally show that the upper till contains slightly to anomalous numbers of indicators. The lower till contains anomalous to extremely high numbers (greater than 100) of indicators. The basal till contains anomalous to highly anomalous numbers of indicators. The Late Cretaceous bedrock itself may contain anomalous numbers of indicators. These kimberlitic indicators consist of pyropes, chrome diopsides, olivines, and chromites. This suite of indicators is typical for Alberta pipes. One drill hole returned extremely high numbers of indicators in the coarse fraction of the lower till. The drill log notes angular sedimentary, granite and volcanic fragments in the lower till unit, which could be the reflection down ice dispersion of a diatreme breccia. The closest airborne target is 6 km up ice. While a report on the Initial Results was being prepared, a ground geophysical program was completed on June 28th, consisting of shallow seismic and ERT (Electrical Resistance Tomography) to further define stratigraphy and bedrock topography in the project area. The indicator mineral distribution for the property suggests that there is likely more than one local source. For the one drill hole, a nearby proximal source is likely, perhaps closer than the 6 km.
These results highlight the potential of the property for hosting multiple pipes and confirm the merit of ongoing exploration in an integrated fashion with overburden depths of between 25.9 - 76.2 meters. Additional laboratory work is currently underway and significant further fieldwork is planned for July, August, and September, consisting of further ground geophysics and drilling to define specific targets up ice. The qualified person for the project is Paul A. Hawkins P.Eng. The Peace River Project is (50%) Joint Venture with Star Uranium Corp. (SUV-TSX.V) and (50%) United Uranium Corp. (UUC-TSX Venture) and is located 70 km to the southwest of the Diamondex (DSP-TSX.V)/Shore Gold (SGX-TSX) cluster of kimberlite pipes.
Kyle Kozuska, Director of United Uranium Corp. and Star Uranium Corp. states: "We view the Peace River project as an excellent opportunity for our shareholders to participate in what could be a major diamond district. These preliminary results necessitate further analysis of the samples, and further work in the area. The magnitude of these preliminary results make the Peace River project a priority for us. These results confirm our expectations for the Peace River Kimberlite Project and have vastly expanded our knowledge of this district. We are very pleased with the location of our land claims in relation to these results which total 147,223 hectares. We will work diligently to explore the potential of our claims to add value to the shareholders of both United Uranium Corp. and Star Uranium Corp.
United Uranium Corp. ("United") and Star Uranium Corp. ("Star") are focused on discovering Canada's next natural resource discovery. The Companies are rapidly evolving and committed to building long-term shareholder value through ongoing diamond exploration.
Caution Regarding Forward-Looking Statements
Certain statements in this press release may contain "forward-looking statements" within the meaning of securities legislation. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. All forward-looking statements contained in this press release are based on Star and United's current beliefs as well as assumptions made by and information currently available to Star and United concerning exploration plans, development, strategies and mining activities. When relying on our forward-looking statements to make decisions with respect to Star and/or United, investors and others should carefully consider the foregoing. Star and United do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Star and/or United or on their behalf. More information about risks and uncertainties affecting the Companies and their business is available in the Companies regulatory filings which are posted on sedar at www.sedar.com.