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Goldstake: Bancroft Region, Ontario, Canada - Historical: 9.8 lbs Uranium, 36 lbs Thorium, 10 lbs Rare Earths
Goldstake: Bancroft Region, Ontario, Canada - Historical: 9.8 lbs Uranium, 36 lbs Thorium, 10 lbs Rare Earths.
About this update from Greenridge Exploration Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 5 /CNW/ - Goldstake Explorations Inc, Toronto Stock\nExchange (Symbol, GXP), Frankfurt Stock Exchange (Symbol GOO), having\ncompleted its claim acquisitions on 4 uranium areas in the Bancroft region, is\npleased to now disclose details of its new 100% owned projects;\n\n\nHistorical sampling of the South Canonto claims (832 hectares) covers a\npotential large tonnage uranium/thorium/rare earth deposit with values\nreported up to 9.8 lbs. uranium oxide (U 308), 36 lbs. thorium (Th) and\n10 lbs. per ton rare earth oxides (ree), of which 9.2 lbs. per ton are oxides\nof lanthanum, cerium, neodymium, praseodymium and yttrium.\n\n\nHistorical exploration, circa 1970, included detailed scintillometer\nsurvey and 88 shallow pits being blasted and sampled below the overburden on\nthe higher outcrops, was described at that time as covering an area 1/4 mile\nsquare. Geiger-counter reconnaissance over 40 claims adjoining the discovery\narea indicates the uranium-bearing zone has a strike length of 3 miles and a\nwidth from 1/4-1/2 mile.\n\n\nAll 4 of the new properties cover gamma-ray radiometric anomalies\ndiscovered by an airborne survey, completed in 2004 by the Geological Survey\nof Canada (GSC). The radiometric survey was completed well after the major\nevents of historical uranium exploration in the 1980's. Goldstake is of the\nopinion that the uranium potential of these gamma-ray anomalies has not been\nexamined.\n\n\nAll of the properties are underlain by foliated to gneissic granite\nintrusions and paragneissic metasediments intruded by late-stage granite and\nsyenite pegmatite dykes.\n\n\nUranium mineralization in this Grenville Province has been found in many\ndifferent rock types. The majority of the occurrences are related to\nhydrothermal alteration zones associated with late-stage pegmatite dykes and\nlate-stage faulting. There is evidence suggesting that the region has\nundergone several events of uranium deposition.\n\n\nMr. Robert Dillman, P.Geo is the Qualified person for this report.\n\n\nUtah Uranium.\n\n\nApplications for "Plan Of Work" on the Henry Mountain "Woodruff" claims,\n(approximately 6 miles by 2 miles) the "Shelley" claims, (approximately\n1 square mile) the "Point" claims (approximately 3/4 square miles) and the\n"Bobs" claims, (approxi...