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Eagle Plains Releases Results of Eagle Lake Uranium Project

Eagle Plains Releases Results of Eagle Lake Uranium Project

articleGiyani Metals CorpJanuary 13, 20103/company/giyani-metals-corp/news/eagle-plains-releases-results-of-eagle-lake-uranium-project
Eagle Plains Releases Results of Eagle Lake Uranium Project

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[{"type":"text","content":"\nEagle Plains Releases Results of Eagle Lake Uranium Project\n\n\n Jan. 13, 2010 (Filing Services Canada) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTCBB_Pink_Sheets), has released results from 2009 exploration work on its 100% owned Eagle Lake uranium project located 28 km southeast of Cameco's Key Lake uranium deposit in north-central Saskatchewan, Canada. The focus of the $100,000 exploration program was to further delineate uranium occurrences discovered during 2007/2008 field programs. Work was funded 100% by a third party and was successful in outlining a new uranium-mineralized zone on the property. Further work is recommended for 2010.Highlights* 80-150mwide mineralized dyke swarm discovered at Red October occurrence, with mineralized dykes locally up to 10m in width.* Samples returned up to 1.56% U308 over 1m and grab samples returned up to 2.24% U308.* 800m+ mineralized boulder train indicates broad mineralized zone2009 ProgramBootleg Exploration Ltd., a wholly-owned subsidiary of Eagle Plains, was engaged to carry out the field work, which commenced in September. Work consisted of line-cutting followed by ground geophysics, geochemical sampling, prospecting and geological mapping and sampling.Mapping, prospecting and radon-in-soil analysis started on line 15 east (L15E) at the 2008 discovery mineralized subcrop site.  Fieldwork quickly outlined a NE-SW-trending, 130 m wide mineralized train of subcrop and float boulders.  From west to east, results include 1220 ppm U, 8700 ppm U , 772 ppm U,  1890 ppm U,2250 ppm U.  The 800+ meter long boulder-train led to the discovery of an insitu swarm of mineralized dykes and host rock. Mapping and a detailed scintillometer survey reveals that the dyke swarm is 80 to 150+ meters wide, and consists of magnetic pegmatite and host psammopelite.  Individual dykes have a typical width of 60cm, but may exceed greater than 10 m in width.  Two of the dykes returned exceptional uranium assays:  1) a 1 m yellow-stained chip sample returned 1.56% U3O8 and 2) a grab sample of a yellow-stained black alteration selvage returned 2.24% U3O8.Based on geological mapping, it appears that several pegmatite dykes coalesce into a radioactive stock-sized body.  Nine channel samples over 9 m were collected a...

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