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elmacanuckon Jan 12, 2011 12:15pm
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UAX.V Starts 2 Exploration Programs
UAX.V Starts 2 Exploration ProgramsAthabasca Uranium starts two exploration programs
2011-01-12 11:47 ET - News Release
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Mr. Gil Schneider reports"
ATHABASCA URANIUM PROVIDES EXPLORATION & PROJECT UPDATES
Athabasca Uranium Inc. has commenced its multiphase exploration program for the company's McGregor Lake and Webb River uranium projects, located on the southeastern margin of the Athabasca basin, Saskatchewan. The company is also pleased to provide an update on its current suite of properties.
Exploration update
Phase one exploration, already under way, consists of a 2,740-kilometre heli-borne Z-TEM (Z-Axis Tipper EM) survey -- a leading-edge solution, particularly efficient at identifying discrete vertical conductive anomalies at depth. Conductive anomalies existing within magnetic discontinuities are key exploration indicators for altered sandstones and mineralized zones. In the Athabasca basin, the vast majority of uranium mines and exploration deposits -- including Denison's Wheeler River project, Fission's Waterbury Lake project, Hathor's Roughrider zone and JNR/Denison's Moore Lake project -- are associated with subsurface graphitic conductors.
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