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Solitaire Minerals Corp. Receives Drill Permits for the Riou Lake Uranium Property, in the Athabasca Basin, Saskatchewan
Solitaire Minerals Corp. Receives Drill Permits for the Riou Lake Uranium Property, in the Athabasca Basin, Saskatchewan.
About this update from Pegasus Resources Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, June 20 /CNW/ - Solitaire Minerals Corp. (TSX-V symbol: SLT)\n(the Company) is pleased to announce that the Company has received the drill\npermits for the Riou Lake Uranium property that were applied for on March 19,\n2007. Due to the extensive delay in the permitting process the Company is now\nactively searching for a new Drilling Company. The Company will secure a\ndrilling program at the earliest possible convenience.\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 proposed drill program will encompass a\nminimum of 4000 meters with all targets to be collared on dry land south of\nRiou Lake and concentrated near the centre of the Soil Gas Hydrocarbon\nanomalies designated by Actlabs as the "Primary Target" and "Secondary\nTarget", in conjunction with other geochemistry from the area.\n\n\nSamples from the Main Grid, which where taken along the previously\nidentified 8 km long escarpment fault (the escarpment is 8 km; the fault can\nbe traced at least 12km) produced two strongly anomalous areas which Actlabs\nbelieve indicate a "Very High Probability" of a Uranium target at depth. This\nis the highest level of detection possible under the SGH Rating System under\nwhich there are 6 categories ranging from a "Low Probablilty" rating to a\n"Very High Probability" rating. A "Very High Probabilty" rating means that the\nSGH classes most important to describing a Uranium signature are all present\nand consistently describe the same location with well defined anomalies. To\nobtain this rating there also needs to be other SGH classes that when mapped\nlend 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 primary Uranium indicator classes resu...