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PXP Pitchstone Exploration Ltd.

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Share Name Share Symbol Market Type
Pitchstone Exploration Ltd. TSXV:PXP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Pitchstone Receives Marble Ridge Uranium Analyses

30/03/2011 10:43pm

Marketwired Canada


Pitchstone Exploration Ltd. (TSX VENTURE:PXP) ("Pitchstone") announces that
analytical results have been received from a recently completed reverse
circulation drilling program at the Marble Ridge zone. Marble Ridge is a zone of
calcrete-hosted uranium mineralization on the Dome property in Namibia. The
property location relative to the nearby Rossing and Langer Heinrich uranium
mines, and other uranium occurrences in the Erongo region, is illustrated on
Pitchstone's website (www.pitchstone.net). 


Twenty eight drill holes were completed in the February 2011 program to follow
up on results from drilling in 2010 that intersected a horizontal, near surface
layer of uranium and vanadium mineralization in calcrete (see February 28, 2011
news release). 


Twelve of the recently completed drill holes were mineralized, bringing the
total number of mineralized intersections to date at Marble Ridge to 20. The
table below lists all of the mineralized intervals, including those drilled
prior to February, 2011.




-----------------------------------------------------------------
-----------------------------------------------------------------
Hole-ID       From (m)     To (m) Length (m)  U3O8(ppm)  V2O5(ppm)
-----------------------------------------------------------------
DN09-21(i)        0.0        4.0        4.0         92        101
DN09-23(i)        6.0        8.0        2.0        298        134
DN10-54(i)        6.0        8.0        2.0         73         69
DN10-55(i)        8.0       10.5        2.5         43         59
DN10-56(i)        7.0        8.0        1.0        365        205
DN10-57(i)        9.0       10.0        1.0         86         98
DN10-58(i)       10.0       12.0        2.0        120        136
DN10-64(i)       13.0       14.0        1.0        187        129
DN11-79           7.0        9.0        2.0        143        148
DN11-82           9.0       10.0        1.0        199        139
DN11-83           9.0       11.0        2.0         26         61
DN11-84           8.0       10.0        2.0         56         88
DN11-85           9.0       11.0        2.0        109         82
DN11-86           7.0        9.0        2.0         72         59
DN11-88           7.0        9.0        2.0        138         84
DN11-89           7.0        8.0        1.0        109        107
DN11-92          12.0       13.0        1.0        145        107
DN11-93          14.0       15.0        1.0         73        121
DN11-98           4.0        7.0        3.0        219        167
DN11-99           7.0        9.0        2.0         51        407
-----------------------------------------------------------------
-----------------------------------------------------------------
(i) Drilled Prior to the February 2011 Drilling Program and Reported       
    Previously                                                          



These results confirm that uranium and vanadium mineralization at Marble Ridge
occurs within a calcrete paleochannel that is now estimated to be at least 1,900
meters long and 200 meters wide. The mineralization is open along strike.
Pitchstone is also encouraged by the potential to find additional mineralized
paleochannels within the 500 square kilometer Dome North area. More drilling at
Marble Ridge and at other uranium targets at Dome North is planned. 


Steve Blower, P.Geo., President and CEO of Pitchstone, is the Qualified Person
for the purposes of NI 43-101 with respect to the technical information in this
news release. Sample preparation and analyses were completed by Bureau Veritas
in Swakopmund, Namibia. A multi-element ICP-MS/AES analysis was completed on the
samples after a mixed acid, near-total digestion. Pitchstone utilizes internally
and externally submitted standard reference materials for quality assurance and
quality control of the sample preparation and analyses. Dome is part of a
uranium exploration joint venture between Pitchstone (69%) and private company
Manica Minerals Ltd. (31%) through Manica's wholly-owned subsidiary Cheetah
Minerals Exploration Ltd. Pitchstone's exploration programs in Namibia are
carried out by Cape Town based Remote Exploration Services on behalf of the
joint venture.


About Pitchstone

Pitchstone is exploring for uranium in three proven districts in Canada and
Namibia. The property portfolio features 11 projects in the eastern Athabasca
Basin, Saskatchewan, three of which are 100% owned. In addition, there is a
joint venture on two projects in Namibia and several joint venture projects in
the Hornby Bay Basin, Nunavut. Pitchstone benefits from the collaboration of a
unique group of geologists with extensive uranium exploration and production
experience. 


On behalf of the Board,

Steven J. Blower, President and CEO

This news release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to factors, many of which are
beyond Pitchstone's control, that may cause actual results or performance to
differ materially from those currently anticipated in such statements.


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