GREY:SRSIF - Post by User
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ghost958on Mar 05, 2011 1:07pm
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Post# 18238041
WHAT A GOOD NEWS FOR ME
WHAT A GOOD NEWS FOR MEBOUCHERVILLE, QUEBEC--(Marketwire - March 4, 2011) - Strateco Resources Inc. ("Strateco")(TSX:RSC)(FRANKFURT:RF9)(OTCBB:SRSIF) is pleased to announce the results for the first four holes drilled in 2011 at Matoush. Located between the MT-22 and MT-34 lenses, these holes are part of the first phase of the 30,000-metre drilling program planned for this year.
Hole MT-11-004, completed on March 3, 2011, intersected 0.28% eU3O8 over 8.1 metres, including 0.82% eU3O8 over 1.9 metres, at a vertical depth of 519 metres. Hole MT-11-002, whose pierce point lies about 60 metres from MT-11-004, intersected 0.09% eU3O8 over 6.1 metres, including 0.18% eU3O8 over 2.8 metres. Located between the MT-22 and MT-34 lenses, these two holes suggest either the presence of another lens or continuity of the MT-22 and MT-34 mineralization. The lateral distance between the MT-22 and MT-34 lenses is about 300 metres at a vertical depth of -500 metres.
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Collar Az. Angle From
Hole East North (degrees) (degrees) (m)
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MT-11-001 13+11E 31+42S 278 -50 648.0
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MT-11-002 13+10E 31+41S 267 -50 653.5
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including 656.8
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MT-11-003 12+94E 33+32S 268 -55
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MT-11-004 13+08E 33+28S 285 -51 673.5
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including 674.8
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Vert.
To depth Length U3O8
Hole (m) (m) (m)(i) (%)
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MT-11-001 649.5 479 1.5 0.05%
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MT-11-002 659.6 489 6.1 0.09% e
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including 659.6 2.8 0.18% e
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less than
MT-11-003 606 0.02% e
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MT-11-004 681.6 519 8.1 0.28% e
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including 676.7 1.9 0.82% e
Guy Hebert, President and CEO of Strateco, said that: "One of the goals of the 30,000-metre drilling program for 2011 is to confirm and assess the potential of the large unexplored area between the MT-22 and MT-34 uranium-bearing lenses that we discovered in 2008. Hole MT-11-004 confirmed the presence of high uranium grades in this area, which lies within the sector covered by the underground exploration permit application and could eventually be mined using the same infrastructure as for the AM-15, MT-22 and MT-34 lenses."