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Anglo Canadian Uranium: Otish Basin Uranium Exploration Results
Anglo Canadian Uranium: Otish Basin Uranium Exploration Results
About this update from Canada One Mining Corp
[{"type":"text","content":"\nAnglo Canadian Uranium: Otish Basin Uranium Exploration Results\n\n\n May 27, 2009 (Baystreet.ca) -- Anglo Canadian Uranium Corp. (URA on TSX.V, Frankfurt AU3) (the \"Company\") is pleased to announce it has received a final interpretation report of the airborne survey completed on its Big Mac and Charles Uranium projects located in the Otish Basin, Quebec. This report has identified a number of targets for future exploration. Additional ground prospecting and geophysics utilizing a scintillometer and magnetometer will assist in defining targets prior to initiation of drilling. The Otish Basin is a highly prospective area for uranium, with a number of recent discoveries and exploration focused on further definition of potential uranium deposits. The geology of the Otish Basin is similar to that of the Athabasca Basin, and may host unconformity deposits. \nHighlights from this report are as follows for both the Big Mac and Charles projects. \nBig Mac Uranium Project, Otish Basin, Quebec \nThe Big Mac Uranium Project is located 350 km northwest of Chibougamau in central Quebec and within 0.5 km of the Cogema/Soquim's property and 2.5 to 3 km east of the L-Zone uranium deposit. The magnetic and radiometric surveys were flown on survey lines spaced at 100 meters, and identified the following three areas of interest for ground prospecting. \n1.The large area in northeastern portion of the property associated with high surface conductivity and cluster of high uranium isotope counts. This area also encompasses the anomalous Uranium / Thorium ratio anomalies and a maxmin defined conductor. \n2.The easterly trending magnetic anomaly associated with the northerly plunging low susceptibility pipe. \nThe primary exploration target on the Big Mac Uranium Project is uranium mineralization similar to deposits found in the area such as the L zone and Matoush uranium discoveries. These previously identified deposits are associated with faulting and may be detectable by magnetic and / or conductivity trends. Initial ground prospecting will focus on locating and identifying the source of anomalous uranium readings. These sources should be at ground surface and are likely associated with outcrop or boulders. The discovery of radioactive boulders will require backtracking along the local glaciation direction to locate a bedrock source. \nCharles U...