Dejour Increases Uranium Holdings in Athabasca Basin to 870,745 Acres (352,386 ha.).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. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DJE) - 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. , reports the Company has successfully staked six (6) new uranium claims in Saskatchewan's 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. adding 52,373 acres (21,195 ha.) to the Company's holdings. These new claims are of material interest to the Company and were targeted as a result of Dejour's successful GEOTEM electromagnetic survey over its Sand Hill Lake and Meanwell Lake properties. The survey reveals defined anomalies located on land not claimed by others and the Company made it a priority to stake the available land immediately. Currently the Company is the fifth largest property holder with 100% interest in a total of 870,745 acres (352,386 ha.) all of which is located in the Basin. Five (5) of the additional uranium claims staked by the Company are contiguous with its Sand Hill Lake property increasing by 37% its holdings in that project to 115,850 acres (46,884 ha.) Three (3) of the new Sand Hill Lake claims are located between the Company's original claims and the Cameco-UEM-Coronation Mines Virgin River property where drill hole VR-018 intersected 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. at 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 with reported grades of 5.83% U308 over 6.4 meters including 13.86% U308 over 2.5 meters. Furthermore, in the Virgin River area the Company holds four (4) permits comprised of 405,755 acres (164,207 ha.) stretching along the Dufferin fault system which form an important asset for the Company. Dejour believes it may hold as much as 60% of the Virgin River/Dufferin fault system. Two (2) of the new Sand Hill Lake claims were staked to cover anomalies revealed by the GEOTEM survey and not previously tested. The additional Meanwell Lake claim staked by the Company is contiguous with its existing Meanwell Lake property and increases the Company's holdings for the project by 23% to 37,038 acres (14,989 ha.). The GEOTEM survey confirmed and extended the previously known conductor on the property and detected several additional basement conductors which have not been tested by prior exploration. J. Allan McNutt, P. Geo., M.A. Sc. is the qualified person on the project. By the end of June 2005 the Company expects it will have commenced its 5,200 km. MEGATEM airborne survey and a programme of boulder lithogeochemical sampling on 7 of its properties to follow up and extend geochemical anomalies defined by previous operators. This and ground geophysical surveys along with other work completed is expected to lead to identification of targets to be tested by diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral at the earliest possible opportunity. About the Athabasca Basin The Athabasca Basin in Northern Saskatchewan, Canada is the largest mineral production camp in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and hosts the McArthur River mine The McArthur River Uranium Mine is the world's largest high-grade uranium deposit. Since it began operating in 1999, it has also become the world's most productive uranium mine, contributing approximately 20% of total global uranium mining production. The mine produced 18. , the world's largest and highest grade uranium deposit accounting for 1/3 of the world's uranium supply, a figure which is expected to increase significantly by the end of the decade. Exploration and uranium production in the Basin has support from all government levels, institutions, and organizations. About Dejour Dejour Enterprises Ltd. is a Canadian energy exploration and development company whose mission is to provide superior shareholder value by acquiring and developing unique and rewarding opportunities within today's burgeoning energy markets. 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. under the symbol (DJE.V). Statements in this release that are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. Robert L. Hodgkinson, Chairman & CEO DEJOUR ENTERPRISES LTD. Shares Issued: 25,728,058 Last Close: 6/14/2005 - $0.465 Dejour Enterprises Ltd. (TSX VENTURE:DJE) |
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