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Kodiak Intercepts Large Altered and Uranium Mineralized Zone with Multiple Drill Holes at West Millennium
Kodiak Intercepts Large Altered and Uranium Mineralized Zone with Multiple Drill Holes at West Mi...
About this update from Green Shift Commodities Ltd
[{"type":"text","content":"\nKodiak Intercepts Large Altered and Uranium Mineralized Zone with Multiple Drill Holes at West Millennium\n\n\n May 11, 2009 (Filing Services Canada) -- Kodiak Exploration Limited (KXL - TSX Venture, KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), is pleased to report that drilling at its 213 square kilometre West Millennium uranium project in the Athabasca Basin of northern Saskatchewan has defined a very large and significant zone of highly altered and uranium mineralized (up to 0.13 % U3O8) basin fill sediment and underlying basement rock that extends for over 14 kilometres along strike and remains open. Kodiak completed five drill holes testing structural and stratigraphic EM conductors extending from an historic Cameco drill hole on the property. Four of the five drill holes define a central 3 kilometre long zone of highly altered basement graphitic pelite associated with highly anomalous uranium mineralization (> 0.13 % U3O8) at the unconformity. Kodiak will use these drill results to vector into zones believed to host higher grade uranium mineralization within this highly altered and strongly mineralized structural corridor. Planning for the next phase exploration is already underway. Highlights of the drilling are summarized below:WM09-04: This drill hole was designed to test a very strong EM conductor (D-1) located 200m NW and up-dip from historic Cameco drill hole CX-11. The hole intersected a 69 metre thick fractured graphitic and pyritic pelite unit. The interval exhibits strong chlorite and grey clay alteration with local mylonite and fault gouge. The overlying sandstone is bleached and unusually hematitic. A ten-metre thick lower sandstone section immediately above the unconformity returned highly anomalous radioactivity from the down-hole gamma probe with a maximum reading of 1174 cps (about 25X background, see below). Individual drill samples contain up to 0.13% U3O8 uranium and anomalous nickel values within the highly altered basement rocks. The alteration and mineralization defined along the D-1 conductor trend shows that a robust uranium mineralizing event has affected the D-1 conductor structural corridor.WM09-01: Drilled on the D-1 conductor 3.0 kilometres northeast of WM09-04, encountered a five-metre thick zone of strongly altered graphitic and pyritic pelite just below the unconformity and a strong alteration h...