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Bayswater: Drill Results From Collins Bay Extension Project in Athabasca Basin
Bayswater: Drill Results From Collins Bay Extension Project in Athabasca Basin
About this update from Cameco Corporation
[{"type":"text","content":"\nBayswater: Drill Results From Collins Bay Extension Project in Athabasca Basin\n\n\n Aug. 23, 2010 (Filing Services Canada) -- Bayswater Uranium Corp. (BYU - TSX Venture, BYSWF - OTCBB_Pink_Sheets), reports that CanAlaska Uranium Ltd. (TSX.V - CVV) has provided drill results from Fife Island at the Collins Bay Extension project in the Athabasca Basin, under option from Bayswater.  The drilling, conducted in April 2010, identified multiple uranium bearing zones and a best drill intersection of 4.7 metres assaying 0.043% U3O8.  Seismic profiling of the Blue Island diatreme target has commenced to identify targets for further drilling this winter.  The Collins Bay Extension project is situated immediately adjacent to the current producing underground Eagle Point mine and the past producing open pit mines of Collins Bay and Rabbit Lake, mined by Cameco Corporation (TSX: CCO) and its predecessors.   Uranium mineralization in drill core from hole CBX002 measured 4.7 metres assaying 0.043% U3O8, where stringer zones of uranium mineralization were identified within a north west trending fault splay on the Vic zone at Fife Island.   This is in the same area where drilling in 1981 intercepted 4.0 metres of 0.152% U3O8 (in DDH MWL-D-8).  In the following table there are both assay and radiometric probe results from April's drilling.  Drill holes CBX001 to CBX005 are from the Fife Island target, and the CBX006C assay is from one of the deeper fault zones on the Blue Island diatreme target.  The first drill hole in April 2010 was southwest of Blue Island on the western of two circular geophysical anomalies.  Drill hole CBX006 showed strong evidence of an extensive disruptive geological event associated with the circular features, with brecciation continuing to the end of the drill hole.  The probe results are from zones where there was limited, or no recovery of core.ASSAYS-------------------------------------------------HOLE NUMBER      FROM       TO      WIDTH    U3O8%-------------------------------------------------CBX001          82.30     82.80  
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