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URU Files NI 43-101 for its Nueltin Lake Project
URU Files NI 43-101 for its Nueltin Lake Project.
About this update from Uru Metals Limited
[{"type":"text","content":"\n \nRNS Number : 8568H URU Metals Limited 26 June 2013 \n \n\n26 June, 2013\n \nURU Metals Limited\n(\"URU\" or \"the Company\")\n \nURU Announces Filing of an NI 43-101 Technical Report\n for its Nueltin Lake Project in Canada\n\n \nThe Directors of URU, (AIM:URU), the base metals and uranium explorer and development company, are pleased to announce the filing of an NI 43-101 compliant Technical Report on the Nueltin Lake Project in Canada. The Independent Technical Report, entitled \"Independent Technical Report on the Nueltin Lake Project, Nunavut\" and dated April 2013, was prepared by D.E. Jiricka, M.Sc., P.Geo., P.Eng., an \"independent person\" as defined by NI 43-101. This report provides a summary of the geology of the region and the results of exploration activities up to April 30, 2013.\n \nThe report highlights that despite almost 30 years of sporadic exploration, the Nueltin Lake project remains at an early stage of exploration. The discovery of bedrock gold-uranium mineralization of the Sandybeach Gold Uranium Zone in 2008 has provided a major step forward and is a promising development. Recommendations are made for additional compilation and interpretation of existing data, ongoing prospecting and geological mapping, geophysical surveying, additional gold assaying and petrogenetic research. In addition a \"first phase\", 7 to 10 hole follow-up diamond drilling program has been planned with the objective of extending the size of the Sandybeach Zone.\n \nThe full Technical Report has been filed by the company and will soon be available on its website: www.urumetals.com.\n \nBackground information on Nueltin Project\n \nThe Nueltin Lake project is located in the Kivalliq Region of the Territory of Nunavut, Canada, and is centered approximately 10 km north of the border between Nunavut and the Province of Manitoba near Nueltin Lake. The project consists of 34 mineral claims and 1 mineral lease covering a combined area of approximately 27,279 ha (67,407 acres).\n \nThe Nueltin Lake project contains the Sandybeach Gold-Uranium Zone, a relatively new bedrock gold-uranium discovery made by Cameco during a diamond drilling program carried out in 2008. During the Cameco program, previously unknown bedrock mineralization was encount...