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Lamontagne Geophysics Ltd. To Interpret UTEM Ground Geophysical Data collected from Athabasca Basin, Uranium Exploration Claims
VANCOUVER, April 14 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) and Raytec Metals Corp. (TSX.V:...
About this update from Pegasus Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, April 14 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) and\nRaytec Metals Corp. (TSX.V: RAY, Frankfurt: XZT) wish to announce the\n2007/2008 program involving extensive ground geophysics on the Little Cree\nRiver "D" grid and the "C4" and "C5" grids, situated from 24 to 48 km\nsouthwest of the McArthur River Uranium Mine, has been completed.\n\n\nThe services of Durama Enterprises Limited of La Ronge, Saskatchewan were\ncontracted to establish and manage the program, which involved the\nestablishment of camps, grid lines, level survey and support services.\nLamontagne Geophysics Ltd. of Kingston, Ontario was contracted to conduct the\nUTEM survey and carry out an interpretation of the data. Lamontagne developed\nthe UTEM system to pursue deep exploration beyond the capabilities of other\nTEM systems. The UTEM system measures the EM response while the transmitter\nfield is changing, the only way to measure extremely conductive targets.\nInterpretation of the data to pinpoint the strongest conductive response will\nassist to plan possible drill targets.\n\n\n"The targets that have already been identified through previous\nexploration work are on a known geological trend close to on-going work\nperformed by Cameco and Denison Mines," says Charles Desjardins, President of\nSolitaire Minerals. "With the increased precision of this UTEM survey,\nLamontagne Geophysics will look to identify existing and new targets at\ndepth."\n\n\nAbout the properties: The 10 claims under option total 18,328 hectares.\nThe Little Cree River 'D' grid is comprised of 3 contiguous claims, totalling\n14,415 Ha. and is located approximately 40 km's west of the McArthur River\nUranium Mine. The 'C' claims are 7 non-contiguous parcels, totalling 3913 ha,\nwhich stretch from "C7", located about 10 km's west of the Cigar Lake Uranium\nMine, to 'C1', about 25 km's west of Camecos' Key Lake Uranium Mill. All of\nthe 'C' claims are located within the Athabasca Basin, underlain by favourable\nrocks of the Western 'transition zone' of the Wollaston Domain, which hosts\nmost of the major deposits in the eastern portion of the basin.\n\n\nDuring 2006, GeoTech carried out airborne VTEM and magnetic surveys over\nall of the claims. Condor Consulting Ltd., recognized experts in the field of\na...