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Solitaire Minerals Corp. Prepares to Drill the Highly Altered Fault Zone at the Riou Lake Uranium Property, in the Athabasca Basin
VANCOUVER, Feb. 7 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) (The Company) is pleased to annou...
About this update from Pegasus Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, Feb. 7 /CNW/ - Solitaire Minerals Corp. (TSX-V: SLT) (The\nCompany) is pleased to announce that the Company will have the diamond\ndrilling contract completed shortly, for the Riou Lake Uranium Property, with\nan announcement of the Diamond Drilling Company to follow immediately\nafterwards. The Company expects to be drilling during approximately the last\nweek of February, 2008 at the Riou Lake Uranium Property located in the\nAthabasca Basin of Northern Saskatchewan.\n\n\nSolitaire Minerals has selected several high priority targets due in part\nto the interpretation of the Soil Gas Hydrocarbon (SGH) analyses collected\nfrom a grid of soil samples. The drill program will encompass a minimum of\n4000 meters with all targets to be collared on dry land south of Riou Lake and\nconcentrated near the centre of the Soil Gas Hydrocarbon anomalies designated\nby Actlabs as the "Primary Target" and "Secondary Target", in conjunction with\nother geochemistry from the area. Samples from the Main Grid, which were taken\nalong the previously identified 8 km long escarpment fault (the escarpment is\n8 km; the fault can be traced at least 12km) produced two strongly anomalous\nareas which Actlabs believe indicate a "Very High Probability" of a Uranium\ntarget at depth. This is the highest level of detection possible under the SGH\nRating System under which there are 6 categories ranging from a "Low\nProbability" rating to a "Very High Probability" rating. A "Very High\nProbability" rating means that the SGH classes most important to describing a\nUranium signature are all present and consistently describe the same location\nwith well defined anomalies. To obtain this rating there also needs to be\nother SGH classes that when mapped lend support to the prediction location.\n\n\nThe SGH class signature in the exploration for a Uranium target is\nprimarily made up of heavier SGH classes of compounds. The Actlab\ninterpretation method and definition of the SGH Uranium signature has been\ndeveloped through research since 1997 by Actlabs, including analysis of case\nstudies, especially from the two Canadian Mining Industry Research\nOrganization projects (CAMIRO 97E04 & 01E02) as well as research conducted by\nthe Ontario Geological Survey (OGS).\n\n\nThe three prima...