VANCOUVER, June 17 /CNW/ - Field programs conducted on the Dion Lake
uranium claims near Snow Lake, Manitoba have yielded new targets to be drilled
as part of a summer program.
Callinan Mines acquired the claims by staking in 2007 based on assessment
reports filed with the Manitoba government. Previous operators experienced
moderate success exploring for copper, and uncovered a pegmatite intrusive
zone in the process. Copper grading up to 1.94% was isolated over narrow
widths in various drill holes. Uranium assays of a pegmatite zone defined by
previous operators contained surface samples grading 2.64% - 5.75% U3O8.
A recent prospecting program conducted on the property by Callinan Mines
isolated outcroppings of pink and white pegmatite with yellow uranium staining
in an area approximately 80 meters long and 50 meters wide. Seven blast
samples taken from the area of interest graded from 0.028 % to 0.351 % U3O8.
The uranium mineralization occurring in the pegmatite appears to conform to a
graphite-pyrite-pyrrhotite horizon. An airborne VTEM survey, conducted by
Geotech airborne, has located large, conductive features which appear to be
associated with the pegmatite located by prospecting.
The company has planned a summer exploration program for the Dion Lake
claims. The program will include diamond drilling under the area of known
mineralization, as well as MMI geochemical sampling of areas of conductivity
isolated by the VTEM survey.
President Mike Muzylowski is optimistic about the prospect of a new
uranium discovery in Manitoba. "The pegmatite zones in the assessment reports
are interesting in the context of the uranium values recovered while
prospecting. The VTEM survey has given further indication of repetitions and
conformity to the south. The graphite-sulphide zone could be a useful
pathfinder for pegmatite based uranium mineralization."
On Behalf of the Board of Directors,
The Dion Lake program is being conducted under the direction of
Pat Deveaux, P.Geo, a qualified person as defined by national instrument
43-101, who has reviewed and approved the contents of this release.
For further information:
For further information: Braden Maccke, 1-877-228-5210