Dejour Reports Favorable MEGATEM II Survey Results of its Uranium Holdings in Saskatchewan's Athabasca Basin.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 that Fugro Airborne Surveys has completed flying approximately 5,500 line kilometers of MEGATEM II surveys over the Company's extensive mineral land holdings 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. in Northern Saskatchewan. MEGATEM II is a deep penetrating, state of the art airborne system capable of evaluating sub-surface depths beyond the capability of earlier airborne surveys. During this calendar year the Company has completed approximately 7,500 line kilometers of airborne surveys all of which was conducted by Fugro. Dejour is positively encouraged by the preliminary field data results of the surveys that were conducted over 6 project areas. The preliminary data shows the surveys were successful in better defining known conductors on the Company's 100% owned properties and in tracing the conductors to greater depths than was possible with previous lower powered surveys. This new data will assist Dejour in defining targets for its drill program. Final interpretation of this data is expected to be completed by early October. Results of advanced processing of the GEOTEM 1000 data acquired earlier this year are expected in September. Dejour plans additional processing of the current MEGATEM II data and expects results in October. The Company also reports that boulder sampling to define geochemical anomalies has been completed over most of its Virgin Trend property. Currently the crew is relocating south to complete sampling of the southern part of the project where an open ended extensive boron boron (bōr`ŏn) [New Gr. from borax], chemical element; symbol B; at. no. 5; at. wt. 10.81; m.p. about 2,300°C;; sublimation point about 2,550°C;; sp. gr. 2.3 at 25°C;; valence +3. anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. was defined by a previous operator on Dejour's claims. Boron is often associated with 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. in the Athabasca Basin. Boulder sampling will also be completed on the Company's Fleming project, an area with no record of prior geochemical sampling. J. Allan McNutt, P. Geo., M.A. Sc. is the qualified person on the project. 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. . This area hosts the world's largest and highest grade uranium deposits accounting for 1/3 of the global 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 levels of governments, institutions, and organizations. Dejour has the 5th largest mineral holdings in the Basin: Total claims - 56 Total permits - 4 Total hectares - 352,386 Total acres - 870,761 About Dejour Enterprises Ltd. 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). Refer to www.dejour.com for company details or contact Doug Cannaday, President. 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: 25,748,058 Last Close: 8/16/2005 - $0.50 Dejour Enterprises Ltd. (TSX VENTURE:DJE) |
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