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Bayswater Begins Exploration at Boiteau Lake in Central Mineral Belt, Labrador
Bayswater Begins Exploration at Boiteau Lake in Central Mineral Belt, Labrador
About this update from Forge Resources Corp.
[{"type":"text","content":"\nBayswater Begins Exploration at Boiteau Lake in Central Mineral Belt, Labrador\n\n\n Jul. 21, 2009 (Filing Services Canada) -- Bayswater Uranium Corp. (BAY - TSX Venture, BYSWF - OTCBB_Pink_Sheets), is pleased to announce that it has commenced a six week exploration program on its 100% owned Boiteau Lake Uranium Project located in the Central Mineral Belt of Labrador. A nine man field crew has been mobilized to the work area to evaluate several priority uranium targets identified by prospectors late in the 2008 field season. A detailed exploration program including grid establishment, detailed geological mapping, soil geochemistry, ground geophysics, scintillometer surveys and prospecting will be carried out over the highest priority areas. The objective of the program is to evaluate the potential of these targets for future drill testing.The Boiteau Lake Trend represents one of several high priority targets identified by Bayswater during 2008 requiring detailed ground follow-up. Highlights from the Boiteau Lake Trend include the identification of four outcropping uranium showings from which 23 of 28 rock samples collected returned values greater that 0.10% U3O8 and up to 0.723% U3O8. A description of the Boiteau Lake Uranium Trend has been provided in previous news releases dated November 18, 2008, March 9, 2009 and June 23, 2009.The Company acknowledges and thanks the Newfoundland Department of Natural Resources for funding towards the Boiteau Lake Project through its Junior Exploration Assistance Program.Bayswater's exploration activities are conducted under the supervision of George M. Leary, M.Sc. P. Eng. (BC), President of the Company, and Victor Tanaka, B.Sc. P.Geo. (B.C.), Chief Operating Officer of the Company. Both are qualified persons under NI 43-101. George Leary is the qualified person responsible for the technical information in this news release.About the Labrador Central Mineral BeltThe Central Mineral Belt of Labrador, Canada, located approximately 135 kilometers north of Goose Bay, has a long history of uranium and base metals exploration. Uranium was first discovered in the belt in the 1950's. With further exploration in the 1960's and 1970's and rising uranium prices, exploration in the region increased significantly and several uranium deposits were discovered including the Kitts, Michelin, Inda, Nash, Ra...