Business
EnWave Signs Cooperative Marketing Agreement with Hans Binder Maschinenbau GmbH
(via Thenewswire.ca)
About this update from Enwave Corporation
[{"type":"text","content":"EnWave Signs Cooperative Marketing Agreement with Hans Binder Maschinenbau GmbH\n\n(via Thenewswire.ca)\nVancouver, BC, April 22, 2009: Ultra Uranium Corp. (\"Ultra\") (TSX.V-ULU) is pleased to announce that Ultra has increased the size of its Buck Lake Platinum/Palladium/Nickel property located in the Lac Des Iles area of North Western Ontario approximately 25 kilometers west of the Lac Des Iles Palladium Mine and 100 kilometers north west of Thunder Bay. Ultra has reported assay results of up to 31.6 grams per ton palladium, 2.82 grams per ton platinum, 0.64 grams per ton gold, 1.5% copper and 9.96% nickel in grab samples taken from fresh open pits blasted in the rock at the Main Discovery Area at the Buck Lake Project.\n\nThe Buck Lake Project is underlain by the Buck Lake Intrusion, one of several mafic-ultramafic intrusions on the \"Ring of Fire\" which is a 30 kilometre circular geological structure located in the Lac Des Iles area, well known for the presence of platinum/palladium mineralization. North American Palladium's Lac Des Iles Palladium Mine is located on the Lac Des Iles Intrusive Complex, another mafic-ultramafic intrusion located on the \"Ring of Fire\". Reported contained resources (measured and indicated) at North American Palladium's Lac Des Iles mine are 3.87 million ounces palladium, 300,000 ounces platinum and 300,000 ounces of gold.\n\nThe additional property areas consist of 8 claims totalling 66 units (1 unit is approximately 400 square metres) staked surrounding the eastern portion of the Main Discovery Area at the Buck Lake Project, and continuing south to surround the southern portion of Ultra's entire property group at Buck Lake. The additional property areas were selected to cover a larger portion of the Buck Lake intrusion.\n\nUltra is planning continuing exploration for additional high grade Platinum/Palladium/Nickel mineralization at the Buck Lake intrusion that could help to determine the source of previous high grade samples at the Main Discovery Area. Consulting geologists believe that the highly mineralized pyroxinite clasts discovered on surface showings at the Main Discovery Area are in fact fragments of a mineralized unit located at depth that was intruded by mafic and felsic magma, which caused the brecciation and remobilization of the platinum group elements to form highly mineralized...