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Uranium One Reports Exploration Results at the Dominion Uranium Project
Uranium One Reports Exploration Results at the Dominion Uranium Project.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, and JOHANNESBURG, SOUTH AFRICA, Sept. 25 /CNW/ - sxr Uranium One\nInc. is pleased to provide an update on the results of its resource\ndelineation and exploration activities at the Dominion Uranium Project in\nSouth Africa for the period from April 15 to September 8, 2006.\nPrior to April 15, 2006, Uranium One completed drill programs comprising\nsome 105 BQ and NQ calibre drill holes, totalling 27,779 metres of drilling,\nincluding 2,534 metres of deflections. This drilling focused primarily on\ndefining the shallow (less than 500 metres) resource in the Rietkuil 1 and\nDominion 1 and 2 areas. The results of these drill programs were reflected in\nthe revised Dominion resource estimate announced by the Company on June 14,\n2006 and described in more detail in an independent technical report prepared\nby SRK Consulting and filed on SEDAR on July 24, 2006 (also available on the\nCompany's website at www.uranium1.com).\nDuring the period from April 15 to September 8, 2006, drilling activities\nfocused on the delineation of additional resources in the down-dip extension\nof known ore-shoots in the Rietkuil 1 and Dominion 1 and 2 decline areas and\nthe identification of new ore-shoots in the remaining target area. The\ndrilling strategy is to drill steeply plunging (-90 degrees) boreholes in\norder to intersect interpreted uranium-bearing reefs as close as possible to a\nright angle. During this period, a total of 78 boreholes (32,585 metres) have\nbeen drilled, 40 at Rietkuil and 38 at Dominion. Assay values from 21 of these\nboreholes have been received; assay results from 44 boreholes are pending and\nare expected by the end of October. Thirteen boreholes consisted either of\nfaulted reef intersections (not sampled) or areas of no reef development.\nAssay results for six of the Rietkuil ore-shoot boreholes (9 reef\nintersections) have indicated Upper Reef values ranging between 0.79 kg/tonne\n(over 160 cm composite width) to 2.18 kg/tonne (over 100 cm composite width).\nAt Dominion, assay results for four boreholes (6 reef intersections) drilled\nin the ore-shoot have indicated Upper Reef values ranging between\n0.40 kg/tonne and 0.81 kg/tonne (both over 160 cm composite width). These\nresults confirm the Company's modelling and grade predictions. In addition,\npreviously defined geological domains have been re...