![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Western Uranium Corp. | TSXV:WUC | 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 | - |
Western Uranium Corporation (TSX VENTURE:WUC) ("the Company") announces that follow-up drilling in the Albisu area at the northern end of the Kings Valley Project has intercepted widespread low-grade gold mineralization. From May through the end of June, the Company has completed eleven core holes for a total of 3,320 meters in the area of ALB-04. ALB-04 intercepted 12 grams of gold over 1.5 metres from 103.7m to 105.2m and 41 metres from 154.0m to 195.1m that averaged 0.66 g/t gold (Press release October 29, 2008). Drilling has intercepted geochemically anomalous and intensely altered volcanic rocks suggesting a large mineralizing system has been active in the area. Incomplete assay results have been received for a number of the holes. The results received to date are highly encouraging and given the widespread nature and continuity of the gold mineralization suggests that more prospective areas of the system may not have been identified to date. Low grade, wide intercepts of gold with scattered narrower zones of higher grade have been encountered in many of the holes. The gold occurs in hydrothermally altered brecciated volcanic rocks that exhibit strong argillization, silicification and sulphide veining characteristic of high level epithermal systems. Occurring with the gold and throughout the holes are geochemically elevated intervals of silver, arsenic, cobalt, chromium, mercury, molybdenum, and vanadium. Additional field work is underway to re-evaluate the surface geology using the data from the drilling to assist in better defining potential mineralizing controls to focus the next phase of drilling. PARTIAL RESULTS are listed below with additional results to follow in 4-6 weeks. Hole Interval Thickness Number Azimuth Angle TD (meters) (meters) Au g/t -------------------------------------------------------------------------- ALB-05 180 -60 289 32-35 3m 0.336 222.5-289 - RESULTS PENDING -------------------------------------------------------------------------- ALB-06 270 -70 289 10.7-32.0 21.3m 0.134 89.9-144.8 - RESULTS PENDING 147.9-173.8 25.9m 0.381 (161-167.7) (6.7m) (0.616) 176.8-289 - RESULTS PENDING -------------------------------------------------------------------------- ALB-07 220 -60 240 ALL RESULTS PENDING -------------------------------------------------------------------------- ALB-08 130 -60 231 38.7-40.2 1.5m 0.354 0-77.7 - RESULTS PENDING 91.5-137.2 - RESULTS PENDING 137.2-141.8 4.6m 0.327 144.8-231 - RESULTS PENDING -------------------------------------------------------------------------- ALB-09 270 -65 350 53.3-71.6 18.3m 0.109 175.3-181.4 6.1m 0.174 205.8-213.4 7.6m 0.206 265.2-312.5 47.3m 0.216 324.1-350 - RESULTS PENDING -------------------------------------------------------------------------- ALB-10 240 -65 337 295.7-321.6(ii) 25.9m 0.481 0-51.8 - RESULTS PENDING 51.8-61.3 - ANOMALOUS GOLD 61.3-294.2 - RESULTS PENDING 32.2-337 - RESULTS PENDING (ii) INCLUDES 10.7 m from 306.4 - 317.1 of 0.623 g/t au, 4.8 g/t silver and 0.059% MoS -------------------------------------------------------------------------- ALB-11 300 -60 228 0-36.6 - ANOMALOUS GOLD 36.3-228 - RESULTS PENDING -------------------------------------------------------------------------- ALB-12 315 -60 288 0-13.7 - RESULTS PENDING 13.7-117.4 - ANOMALOUS GOLD 117.4-174.1(ii) 56.7m 0.184 (ii) INCLUDES 3 m from 166.2 - 169.2 of 0.89 g/t au 174.1-288 - RESULTS PENDING -------------------------------------------------------------------------- ALB-13 135 -60 438 0-192.1 - RESULTS PENDING 192.1-277.1 - ANOMALOUS GOLD 277.1-282 - RESULTS PENDING 282-302 20.0m 0.259 302-311 - ANOMALOUS GOLD 311-344.5 33.5m 0.242 344.5-411.6 - RESULTS PENDING 413.1-417.7 4.0m 1.37 417.7-438 - RESULTS PENDING -------------------------------------------------------------------------- ALB-014 315 -60 285 ALL RESULTS PENDING -------------------------------------------------------------------------- ALB-015 135 -80 345 ALL RESULTS PENDING -------------------------------------------------------------------------- Although the levels of gold are low, the widespread elevated levels of gold along with the other elements that are elevated above background levels suggest that with additional exploration a gold discovery may be possible. WUC QA/QC Program Quality Control and Assurance for all sampling projects at Kings Valley is under the direction of Mr. John Rice a Qualified Person as defined by National Instrument 43-101 standards. Core samples are collected daily from the drill site and transported back to the field office where WUC personnel photograph each box. WUC geologists then log the core noting rock types and alteration. The core is then split and packaged in sealed heavy weight polyethylene bags. Core samples are delivered by WUC employees to American Assay Laboratories located in Sparks, Nevada. American Assay Laboratory's quality control system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of reagent blanks, reference samples, and sample duplicates. Additionally, WUC selects duplicate samples which are then submitted to a third party lab for separate confirmation analysis. About the Company Western Uranium Corporation is a mineral exploration company. The Company has exploration properties in Nevada, New Mexico and in the Thelon Basin, Nunavut and the Northwest Territories. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada. The contents of this press release were reviewed by Ms. Pamela Klessig for WUC. Ms. Klessig has sufficient experience to review this release and is a Qualified Person as defined by NI 43-101. On behalf of the Board of Western Uranium Corporation Pamela J. Klessig, President & CEO
1 Year Western Uranium Corp. Chart |
1 Month Western Uranium Corp. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions