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Unitronix Corporation Subsidiaries Receive Favorable Reports
Unitronix Corporation Subsidiaries Receive Favorable Reports.
About this update from Unitronix Corp.
[{"type":"text","content":"UNITRONIX CORPORATION SUBSIDIARIES RECEIVE FAVORABLE REPORTSAND RECOMMENDATIONS FROM INDEPENDENT STUDIES Unitronix Corporation (“UTRX”) and its two majority owned Canadian subsidiaries, Aur Lake Exploration Inc (“AUR”) and 3936449 Canada Inc (‘3936449”), plan a broadened and accelerated exploration program on all their properties in 2011. Aur holds 87 mining claim units in the Fourbay Lake area. 3936449 holds 48 mining claim units in the Penassi Lake Area and 79 mining claim units in the Bell Lake area. All 214 mining claim units are in the Patricia Mining Division of the province of Ontario. Each mining claim unit is approximately 40 acres.Following completion of Phase II of exploration on Aur’s 16 unit Jumping Lake claim (as reported in news releases dated March 1 and October 5, 2010), Aur retained David Powers Geological Services (“Powers”) of South Porcupine, Ontario to review all pertinent historical and recently generated data for the Jumping Lake project and to recommend the next exploration phase.Powers has recommended that Aur proceed with a detailed two part program for 2011. Part one provides for an in-depth geological program including substantial field geology and the hiring of several consultant mining specialists. The program would also include work on the 71 claim units contiguous to the Jumping Lake claim, encompassing all of Aur’s mining properties. The recommendation indicates that this first part of the program would be complete at the end of July 2011. Part two; the preparation of a diamond drill proposal and accompanying NI 43 -101 report for the Jumping Lake property would follow immediately.The SGH-Soil Gas Hydrocarbon, Predictive Geochemistry (SGH Survey-Cobb Bay Project) Report by Actlabs for 3936449 was received on November 24, 2010. 233 samples were planned. These were extracted and delivered for analysis in October 2010. Two adjacent mineralized anomalies have been discovered. One is gold and the other volcanogenic massive sulphides (VMS) that are about 600 meters to the north of the main area of historical exploration. The significance of this discovery will require further in depth review. Presently, the SGH report recommendation is for more concentrated sampling for geochemical sampling in the imme...