Business
Stellar Pacific entered in uranium play with claims in Otish Mounts
Stellar Pacific entered in uranium play with claims in Otish Mounts.
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"\n\n\n\nLAVAL, QC, Feb. 26 /CNW/ - Stellar Pacific Ventures Ltd. (SPX) is pleased\nto announce the acquisition of 100% interest in 44 Cells covering 2,862\nhectares located in the middle of the uranium play in the Northern Quebec's\nOtish Mountains. The Company is earning its interest by paying $50,000.00 and\nissuing 400,000 shares of its share capital to two prospectors.\n\n\nThe acquisition comprised two blocs of claims.\n\n\nBloc "A" covering 1,325 hectares located 2.5 km north of Ditem properties\nand 8 km north west of Strateco's Matoush property.\n\n\nBloc "B" covering 670.45 hectares located 8 km north east of Strateco's\nMatoush property where significant uranium results has been obtained by\nStrateco recently with 2.1% U3O8 over 12.4 metres (22/12/2006) and 2.13% U3O8\nover 15.2 metres (20/02/2007).\n\n\nThis area is well known for its uranium potential, Stellar is very\npleased to add this property to its properties portfolio.\n\n\nStellar Pacific Venture Inc. is a junior mining exploration company\nlisted on the TSX-V whose primary objective is to develop and bring into\nproduction viable gold deposits.\n\n\n"Michel Lemay"\n\n\n-----------------------------\n\n\nMichel Lemay\n\n\nPresident\n\n\nThe TSX Venture Exchange has in no way passed on the merits of the\n\n\nproposed transaction and has neither approved or disapproved the contents\n\n\nof this press release.\n\n\n","length":1515,"tagName":"div"}]