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Starfire announces significant uranium mineralization for its Cross-Structure Property
Starfire announces significant uranium mineralization for its Cross-Structure Property.
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"\n\n\n\n\nSFR: TSX-V\n\nVANCOUVER, Nov. 27 /CNW/ - Starfire Minerals (the company) is pleased to\nannounce that the chemical report for the 2006 field program has outlined the\npotential for substantial uranium mineralization on their Cross-Structure\nProperty in Havre St. Pierre, Quebec, Canada. The Cross Structure property is\nlocated in the south-eastern part of Quebec, along the north shore of the Gulf\nof St. Lawrence, and about 25 kilometers west of Aguanish and 106 kilometers\neast of Havre St-Pierre.\nThe fieldwork program was designed to test the Cross Structure dyke zone\npreviously identified by Aguanish Uranium Inc in 1977. The program was also\ndesigned to test fourteen radiometric targets delineated by Starfire during\nthe 2005 airborne survey over the property area. Cross Structure is a low\ngrade, high tonnage uranium target with historical reserve estimates from\nprevious work prior to implementation of NI 43-101 standards. Any historical\ninformation provided is for reference only and the reader should not infer or\nassert that the information is correct, reliable, relevant or accurate and\nshould not be relied upon. The present program was the first attempt to test\nthe surface potential of all previous and recent delineated uranium\nmineralization on the property.\nThe historical exploration on the property has demonstrated the\npossibility of low grade high tonnage uranium mineralization; however the\nproperty is still in the early stage of exploration. No mineral resources are\nknown to exist on the property and there can be no assurance that additional\nexploration will result in the delineation of any mineral resources.\nThe fieldwork program consisted of line cutting a grid established over\nthe target areas followed by a geological survey; prospecting, rock stripping\nand rock saw sampling. The geophysical survey consisted of radiometric and\nmagnetometer surveys over the area of the grid. A total of 44 kilometers of\ngrid lines were completed (cut, stationed and picketed) and a total of 67 rock\nsaw samples and 24 grab samples were collected from the Cross Structure zone\nas well as a cluster of anomalous radioactive zones that were recently\nidentified by Starfire.\nAll 91 rock samples were forwarded to ALS-Chimitec Laboratories ISO\n9001:2000 in Val d'Or for sample preparation and uranium analysis. R...