Business
Phase 2 of Gold Exploration Program Completed by Unitronix Corporation Subsidiary in Northwestern Ontario
Phase 2 of Gold Exploration Program Completed by Unitronix Corporation Subsidiary in Northwestern Ontario.
About this update from Unitronix Corp.
[{"type":"text","content":"Phase 2 of Gold Exploration Program Completed byUnitronix Corporation Subsidiary in Northwestern Ontario Greenville SC. March 1, 2010: Aur Lake Exploration Inc. (“Aur”), a majority owned subsidiary of Unitronix Corporation, announces that all data, independent reports and analysis generated in connection with the exploration program commenced in September 2009 has now been received.Based on its ongoing review of information as it was generated over the last five months, the integration of data previously obtained, and historical information on hand, Aur concludes that the goals set forth in the planned program have been substantially realized.First, the mineralized gold vein that presently extends for about 180 meters in length appears to be open at one end and offset at the other. Numerous geochemical targets were identified in the vicinity of the vein, including the indication that base metal and silver mineralization are present.Second, geochemical sampling about 450 meters north northwest of the vein has returned strong indications of the presence of gold mineralization along about 150 meters of the transect tested.Third, two grab samples at two separate outcrops about 1000 meters northwest of the vein have returned positive gold values. In addition, field observations made in this area have overturned the previous mapping of intrusive geological events. Aur’s goal is to investigate and test its operative premise that gold bearing fluids flowed from the current north-northwest to the south-southeast, that all these anomalous results are part of one system, structurally controlled, and related to felsic intrusions on the company property.Aur increases its holdings by staking an additional 31 claim units contiguous with the Jumping Lake claim bringing its total contiguous holdings to 87 claim units.All aspects of the Phase 2 filed program were completed as scheduled except for the Induced Polarization (IP) geophysics over a grid previously prepared by line cutting. Severe cold weather at the onset of the survey in late December 2009 resulted in numerous equipment malfunctions. Only a portion of the survey was completed and analysis of the data by an independent expert concluded that a small portion of the data was of only limited use to Aur.The company is engagin...