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Pitchstone Exploration Ltd V.PXP



TSXV:PXP - Post by User

Post by siempre33on Oct 28, 2009 8:32am
345 Views
Post# 16430149

NewZ :: Namibia drill holes reported

NewZ :: Namibia drill holes reported

Pitchstone drills 1 m of 352 ppm U3O8, 66 ppm V at Dome

2009-10-28 07:36 ET - News Release

Mr. Ted Trueman reports

PITCHSTONE CONFIRMS URANIUM IN NAMIBIAN DRILL HOLES

Pitchstone Exploration Ltd. has released initial analytical results from a reverse-circulation drilling program on the Dome property in Namibia. The project is a uranium exploration joint venture between Pitchstone (58 per cent) and private company Manica Minerals Ltd. (42 per cent) through Manica's wholly owned subsidiary Cheetah Minerals Exploration Ltd. The property location relative to the Rossing and Langer Heinrich uranium mines, and other uranium occurrences in the western Namibian uranium district, is illustrated on the company website.

Analytical results confirm that the source of the radioactivity observed in downhole gamma probe results is uranium. Three drill holes intersected near-surface, calcrete-hosted mineralization containing greater than 100 parts per million uranium. The results are summarized in the attached table.

Hole ID  From (m) To (m) Length (m) U3O8 (ppm) V (ppm)DN-11        0.0    1.0        1.0        109      71DN-18       13.0   14.0        1.0          -     253DN-21        1.0    2.0        1.0        101      54DN-23        6.5    7.5        1.0        352      66
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