Dejour Enterprises Ltd. Uranium Exploration Update.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Dejour Enterprises Ltd. ("Dejour") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DJE)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DJEEF)(FWB (Fixed Wireless Broadband) See fixed wireless. :D5R) Robert L. Hodgkinson, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. is pleased to provide an update on the uranium exploration program on the 100% owned projects in the Athabasca Basin The Athabasca Basin is a region of Northern Saskatchewan and Alberta Canada that is best known as the world's leading source of uranium. It currently supplies about 30% of the world's uranium. The basin is located just to the south of Lake Athabasca. , Saskatchewan, totalling 966,989 acres. Since the last exploration update (see Press Release dated July 13, 2006) Dejour has drilled an additional 1671 metres in seven (7) holes to follow up on significant results intersected in drilling on the R-Seven, Meanwell Lake and Sand Hill Lake projects. Of particular interest are the Sand Hill Lake results where two holes were drilled (SH06-7, -8) to follow up elevated sandstone geochemistry geochemistry, study of the chemical changes on the earth. More specifically, it is the study of the absolute and relative abundances of chemical elements in the minerals, soils, ores, rocks, water, and atmosphere of the earth and the distribution and movement of and alteration in hole SH06-06 (to 1.86 ppm U and 833 ppm B), drilled in June. Hole SH06-08 intersected similar values (to 1.45 ppm U); Hole SH06-07 intersected stronger alteration in the sandstone (to 4.63 ppm U, 573 ppm B) and in the bleached sheared sheared adj. Shaped or finished by shearing, especially cut or trimmed to a uniform length: a sheared fur coat. Adj. 1. graphitic basement rocks (up to 47.6 ppm U and 1056 pp B). This hole also shows a 10m offset of the unconformity un·con·for·mi·ty n. pl. un·con·for·mi·ties 1. Lack of conformity; nonconformity. 2. Geology A surface between successive strata representing a missing interval in the geologic record of time, and produced relative to the surrounding holes. Of note is that there is very little historical drilling (10 holes) along the entire 6000 metre strike length of this conductive horizon. These results confirm that this conductive system is of definite interest -- there is graphite, faulting, alteration and anomalous geochemistry in both the sandstone and basement. Most positively the target is shallow, less than 200m. The Sand Hill Lake project is adjacent to the Cameco Virgin River property where drilling is in progress to extend the significant uranium mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. of the Centennial Zone discovery. Cameco considers this Virgin River property as one of their most important greenfields projects. On the Meanwell Lake project two holes were drilled to follow up on hole MW06-2 (to 4.8 ppm U). Results were encouraging with 2.99 ppm U at the unconformity in hole MW06-4. On the R-Seven property three holes were drilled in July. Two holes were drilled to follow up hole RS06-06 (2.18 ppm U) and intersected zones of bleaching and quartz dissolution in the sandstone but no significant radioactivity or uranium. Hole RS06-09 was drilled to test near HK-006, an historic hole which intersected 1079 cps at the unconformity. RS06-09 intersected several sections of bleached and fractured sandstone, and 3.68 ppm U and 66ppm lead at the unconformity. The alteration, structure and elevated uranium and lead content confirm the validity of this target. On the Sand Hill Lake and Virgin Trend North projects Dejour has budgeted $800,000 to complete 140 line km. of very deep penetrating AMT See vPro. surveys to define certain deeply buried graphitic horizons. Dejour has contracted Empulse Geophysics Ltd and Quantec Geophysics to complete these surveys by the end of October 2006. Preliminary results show deep conductive zones on the Virgin Trend North similar to and along strike from Cameco's Centennial Zone discovery where drilling has intersected uranium mineralization (5.83%U3O8) at the unconformity in multiple drill holes. Dejour has also contracted Geotech Ltd. to fly 3900 km of additional VTEM surveys by the end of October 2006, budgeted at $650,000. This includes a detailed VTEM survey on the Sand Hill Lake property over a certain highly anomalous area drilled in the 2006 program. This survey will provide in depth geophysical information which should better define the basement geology, structural setting and size of this anomaly. The results of this survey, combined with the significant 2006 drilling results will be used to finalize the drilling program contemplated for the winter of 2007. Also included in this contract, Dejour will conclude VTEM surveys over its 8 eastern Athabasca projects and on additional claims acquired to cover conductors detected by the 2005 MEGATEM II surveys. J. Allan McNutt, P. Geo., M.A.Sc., is the qualified person for Dejour's uranium projects. About Dejour Dejour Enterprises Ltd. is a Canadian energy company focused on exploration and development of uranium and oil & gas while leveraging opportunities that exist as a result of the global market's decreasing conventional supply and increasing demand for energy. The Company is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to www.dejour.com for company details or contact the Office of Investor Relations Investor relations The process by which the corporation communicates with its investors. at investor@dejour.com Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. |
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