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Solitaire Minerals Corp. Commences Drilling at the Riou Lake Uranium Property, in the Athabasca Basin
Solitaire Minerals Corp. Commences Drilling at the Riou Lake Uranium Property, in the Athabasca Basin.
About this update from Pegasus Resources Inc
[{"type":"text","content":"\n\n\n\nTSX-Venture: SLT\n\n\nVANCOUVER, Oct. 15 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) is\npleased to report that drilling has commenced at the Riou Lake Uranium\nProperty. The Riou Lake Project lies within the prolific Athabasca Basin of\nnorthern Saskatchewan about 40 kilometers southwest of the settlement of Stony\nRapids. Helicopters Transport Services (Canada) Inc. has flown the drill to\nthe property and Cyr Drilling International began the diamond drilling of\nuranium targets.\n\n\nAs previously reported, the targets to be tested lie where the\nintersection of faults believed to displace the Athabasca sandstone coincide\nwith strong soil gas hydrocarbon (SGH) geochemical anomalies. The SGH\nanomalies were interpreted by Activation Laboratories Ltd. of Ancaster,\nOntario. The two main areas of interest were designated the Prime Target Area\nand the Secondary Target Area on the Main Grid. Activation's report states,\n"There is a very high probability of uranium targets at the primary and\nsecondary target areas shown at the main grid".\n\n\nJim Kermeen, M.Sc.,P.Eng., the Qualified Person for this release states,\n"the SGH anomalies were selected by Activation without prior knowledge of the\ndetailed geology on the property; the fact that the two strongest anomalies\ncoincide within areas already deemed favourable based on structural geology\nmakes them very interesting drill targets".\n\n\nRed Lake North Update\n\n\nThe drill program is progressing successfully, and is currently on the\nninth hole. The holes will be drilled at four distinct target areas along the\nprojected extension of a gold bearing Sericite Schist trend as determined by\nRubicon Minerals Corp., the project operator.\n\n\nTerry Bursey, P.Geo, a qualified person under National instrument 43-101\nwill advance the Red Lake North project.\n\n\nAbout Solitaire Minerals Corp. Solitaire Minerals Corp. (TSX-V symbol:\nSLT) is a diversified junior Canadian mineral exploration company with a\nspecific focus on mineral properties in North America. The Company has\nassembled a portfolio of precious and base metal exploration prospects in\nOntario, Saskatchewan, Alberta, and the North West Territories. Solitaire's\nOntario properties in the Red Lake/Birch-Uchi Greenstone Belt include the\nBaird, Heyson and Chukuni River Prospects, in which ...