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Yellowjacket Announces Saskatchewan Airborne Geophysical Survey

Yellowjacket Announces Saskatchewan Airborne Geophysical Survey Cranbrook, British Columbia ...

articleDixie Gold Inc.May 24, 20133/company/dixie-gold-inc/news/yellowjacket-announces-saskatchewan-airborne-geophysical-survey
Yellowjacket Announces Saskatchewan Airborne Geophysical Survey

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[{"type":"text","content":"Yellowjacket Announces Saskatchewan Airborne Geophysical SurveyYellowjacket Announces Saskatchewan Airborne Geophysical Survey\nCranbrook, British Columbia CANADA, May 24, 2013 /FSC/ - Yellowjacket Resources Ltd. (YJK - TSX Venture), (\"Yellowjacket\") announces the final terms for a geophysical survey on its 100% owned Preston Lake property have been approved and the Company expects the survey to begin immediately. The survey will cover approximately 2000 line-kilometers using a VTEM plus time domain system, with an additional 2000 line-kilometers of radiometric sensor coverage. The VTEM contract has been awarded to Aeroquest Airborne of Aurora, Ontario. The VTEM array is currently being built and tested at the base in Points North and the helicopter-borne data collection will commence on May 26, 2013. Yellowjacket will be receiving daily updates from the contractor as the survey progresses including preliminary digital data. It is anticipated that the final data sets, including interpretation, will be received near the end of July and will form the basis for ground-based follow up.\nThe VTEM plus system has been used successfully to locate basement conductors similar to the structures that host the high-grade uranium discoveries at the nearby Patterson Lake South project controlled by Alpha Minerals Inc. and Fission Uranium Corp. The tight-spaced radiometric survey is designed to locate uranium boulder trains and in-situ uranium mineralization. \nThe survey will target two areas of Yellowjacket's Preston Lake property. The Preston Lake South block is contiguous with Fission Energy Corp. and NexGen Energy Ltd. and the survey will cover a large area of partially exposed pre-Cambrian shield rocks. Yellowjacket has completed an initial review of historic exploration data on the project and has identified a number of potential areas for follow up. One high-priority area has clusters of anomalous uranium in lake-sediment samples, anomalous uranium values in rock samples (up to 5.6 ppm), and the presence of  kilometer-scale Northeast - Southwest trending graphitic faults associated with sulphides and anomalous radioactivity as identified with scintillometers.   \nThe Preston Lake West block will provide coverage of claims that are contiguous with claims controlled by Lakeland Resources, SkyHarbour Resources, Aldri...

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