Printer Friendly
The Free Library
14,381,205 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Star Uranium Corp Acquires Lead-Zinc Prospect.


SASKATOON, Saskatchewan -- Star Uranium Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:SUV) is pleased to announce the acquisition by staking from the Government of Alberta -- 230,400 acres (93,242 hectares) north of Zama Lake, Alberta, to cover part of an anomalous train of sphalerite (Zinc) and galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead.  (Lead) grains in soils disclosed in a recently released Geological Survey of Canada (GSC GSC gas-solid chromatography. ) Open File #5121/Alberta Geological Survey (AGS AGS American Geriatrics Society. ) SPE-77 on March 1st, 2006. Star Uranium has 100% interest in this property and there are no royalties.

The dispersal train consists of sphalerite and galena grains in till from the course sand fraction. In the case of sphalerite, the number of grains present in the heavy mineral sample concentrate is the highest ever detected in Canada in an exploration till sample -- in excess of 1000 grains in a 20 kg sample. Given the grain size, compaction of the till and till composition, it is likely that the source of the lead-zinc is within the property area. This discovery indicates potential for the discovery of Mississippi Valley Type lead-zinc deposits similar to those 330 km. to the NE at Pine Point mined by Cominco, now TeckCominco (TSX:TEK See TeX. .MV.A) between 1964 and 1998. The same carbonate strata found at Pine Point occurs at depth near Zama Lake.

The full report from the Alberta Geological Survey is below: http://www.staruranium.com/pdf/GSC_OF_5121-AGS_SR_77.pdf.

"It is very significant to have 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.
 this high in indicators on surface; it likely indicates that there is an undiscovered ore body near the sample. We are in a sense pioneering hard rock exploration in Alberta not unlike the diamond discoveries in NWT NWT or N.W.T.
abbr.
Northwest Territories


NWT Northwest Territories (of Canada)
 in the 80's and 90's," states Rick Walker, President, Star Uranium Corp.

Cominco successfully mined the deposits producing a total of 64 million tonnes averaging 3.1% lead and 7% zinc that would equate to over $18 billion dollars in gross metal value at today's prices. These deposits were among the most profitable in Canadian Mining history. Lead and zinc prices are at the highest levels ever as demand for metals far exceeds supply, largely due to high economic growth in China and India. The geology and structural setting of the Zama Lake may represent a proximal source for similar lead-zinc deposits to those mined at Pine Point.

The sampling, which led to this discovery, was part of the Northern Resources Development Program of the Geological Survey of Canada, a division of Natural Resources Canada Natural Resources Canada (NRCan) is a department of the government of Canada responsible for natural resources, energy, minerals and metals, forests, earth sciences, mapping and remote sensing. . The program was targeted principally towards kimberlite exploration, the program has paid unexpected dividends in discovery of high anomalous lead-zinc mineralization in till. SUV expects to mount a follow up program of further sampling, drilling and airborne geophysics to locate the source of Mississippi Valley type lead-zinc mineralization. The initial field program is expected to be underway within 45 days. The drilling program is expected to be done in collaboration with the Geological Survey of Canada and Alberta Geological Survey of Alberta Energy.

Paul A. Hawkins, P.Eng. is based in Calgary, Alberta, Canada and is the Qualified Person.

For more information please visit our website at www.staruranium.com.

ON BEHALF OF THE BOARD

"Rick Walker"

Rick Walker,

President

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.
 Does Not Accept Responsibility for the Adequacy or Accuracy of This News Release.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 15, 2006
Words:550
Previous Article:TSMC Unveils First 65-Nanometer Data-Driven DFM Design Ecosystem; Innovate Unified DFM Data Format Structures DFM Compliance.
Next Article:Applied Materials to Create New Company with Dainippon Screen to Deliver Innovative Track Solutions.



Related Articles
KAZAKHSTAN - Refining Sector & Other Industries
KAZAKHSTAN - Refining Sector & Other Industries.
Production of Major Metals in Ontario, Canada and the World in 1999.(Illustration)(Statistical Data Included)
KAZAKHSTAN - Oil Refining Sector & Other Industries.
KAZAKHSTAN - Oil Refining Sector & Other Industries.
Top junior mining companies--2005.(SPECIAL REPORT: MINING)(Directory)(Illustration)
One hundred years of mining in Saskatchewan.(HISTORY)
Marathon: base metals in gold country.(Marathon PGM Corp)
Abuzz about uranium.(PHYSICS)(Brief article)
Kazakhstan's Oil Refining Sector & Other Industries.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles