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Crosshair Provides Update from Central Mineral Belt, Labrador
Crosshair Provides Update from Central Mineral Belt, Labrador Vancouver, British Columbia CANA...
About this update from Global Crossing Airlines Group, Inc.
[{"type":"text","content":"\nCrosshair Provides Update from Central Mineral Belt, Labrador\n\nCrosshair Provides Update from Central Mineral Belt, Labrador \nVancouver, British Columbia CANADA, September 13, 2011 /FSC/ - Crosshair Exploration Mining Corp. (CXX - TSX, CXZ - NYSE Amex),is pleased to provide an update on the exploration program from both the CMB Uranium/Vanadium Project and the CMB Joint Venture (\"CMB JV\") Uranium Project located in central Labrador, Canada.  In addition to prospecting and trenching, a total of 13 holes have been drilled to date between the two Projects for a total of 3,376 metres (m).  The goal of the program is to increase the existing uranium and vanadium resources, as well as test the new uranium targets outlined from the 2009 and 2010 exploration programs.\nAt the CMB Uranium/Vanadium Project, a total of 1,734 m in 9 holes have been completed in the structural corridor between the C Zone and Area One.  Down hole gamma logs and hematitic alteration encountered in the upper portions of the holes strongly suggest that the vanadium/uranium mineralization is continuous between the two zones.  The drill program at the C Zone corridor is complete and samples have been shipped for assay.  The Blue Star Showing, which is located northwest of the C Zone corridor, remains to be drilled.  Previous work indicated several anomalous zones and assay results of local float and outcrop returned values up to 1.37% uranium. Six holes totalling 600 m are planned to test the various anomalies.\nAt the CMB JV Project, a total of 1,642 m in 4 holes have been completed at the Two Time Zone with drilling ongoing.  Down hole gamma logging has confirmed the presence of uranium mineralization in the holes drilled to date indicating it extends to a depth of at least 460 m.  A second drill is now testing exploration targets on the CMB JV Project, including the Firestone Showing, which is 7 kilometres southeast of the Two Time Zone.  Previous sampling from brecciated hematitic monzogranite from trenches and float, intersected uranium values of 200-900 parts per million.  To date seven holes have been completed on the Firestone Showing with an additional seven holes planned.  Assays are pending.\nAdditional information on the CMB Uranium/Vana...