TORONTO, April 30 /CNW/ - Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5)
("Uranium Star" or "the Company") announces it has re-commenced exploration on
its Green Giant Vanadium Project in Madagascar. The assay results from the
2008 drilling program indicated significant vanadium mineralization which is
open along strike and at depth in all zones identified to date.
Uranium Star's February 4, 2009 press release of the assay results from
its 2008 drill program indicates the potential for a world-class vanadium
deposit. Uranium Star's vanadium project will now be called the "Green Giant
Project" because of its potential size, tonnage and grade that, when
quantified, could impact the world's supply of vanadium.
Exploration Objective - Define Near-Surface Vanadium Mineralization
The exploration program will be roughly two months in duration and will
expedite and add efficiency to an upcoming drill program. The prime objective
of this program is to more accurately define the size and grade of the
near-surface mineralization, with a particular focus on a 21-kilometre
vanadium-rich trend identified from the 2008 exploration program.
Ground geophysical and geochemical surveying from the 2008 program
confirmed three distinct horizons hosting significant amounts of vanadium; two
in the northern area of the Property, totalling at least 2500 metres in strike
length, and one in the southern part of the Property with a strike length of
at least 3500 metres. A land satellite imagery study, an airborne radiometric
survey as well as an airborne EM survey indicated that the anomalous vanadium
trend can be accurately traced over the entire 21 kilometre length of the
The current phase of the exploration program will consist of systematic
geochemical and radiometric surveying and trenching of the primary airborne
geophysical trends with the use of hand-held Thermo Scientific Niton XRF
analyzer units and scintillometers. These XRF units are state-of-the-art
exploration tools that are currently used for accurate, in-the-field analysis
of rocks and soils thus allowing the Company to more readily focus its
attention on anomalous trends without having to wait for assay/analytical
results from commercial laboratories.
Extensive trenching, using two mechanical excavators, will be conducted
over the anomalous vanadium trends and their strike extensions defined by the
2008 drilling program. Additional trenches will be established over targets
generated from the current exploration work.
Trenching To Enhance Targets for Upcoming Diamond Drilling Program
The 2008 drilling indicated that vanadium values within the near-surface
oxide zone are enhanced over those from primary mineralization. The trenching
program aims to provide a detailed assessment of the widths and grade of this
style of vanadium mineralization and ultimately use it to assist in designing
a full-scale drill program. The 2008 drilling results indicate that widths of
near surface vanadium can be as high as 50 to 100 meters or more. The results
of the upcoming drill program (scheduled for the latter part of 2009) will
allow the Company to generate a preliminary resource statement.
Rock Sample Results as High as 7.16% V2O5
Previously unreported assayed surface rock-grab sample results from ALS
Chemex of both the northern and southern areas of the Property have identified
vanadium values over the detection limit of 10,000 ppm, and in excess of
1.785% V(2)O5 equivalent. XRF field analysis of these samples identified
results as high as 7.16%, 6.49%, and 5.96% V(2)O5. ALS Chemex complies with
international standards ISO 9001:2000 and ISO 17025:2005.
Bill Nielsen, Company Director and Senior Consultant, states "we are very
encouraged by the progress of the project to date. A very significant vanadium
deposit of potential world-class proportions is emerging and Uranium Star is
gearing up to advance the project at an accelerated pace. The current program
is limited in scope and budget but will greatly improve the Company's
knowledge of the deposit and its size. Preliminary metallurgical results were
better than expected and give the Company added reason to move forward more
aggressively on the Green Giant Project."
The physical setting of the Property is savannah in nature and not
rainforest. This being the case, no environmental concerns with respect to
local flora and fauna are anticipated. Uranium Star's Vice President of
Business Development, Brent Nykoliation states that "the Company has very good
relations with the local population and work with district officials to make
sure that all regulations are understood and complied with. Uranium Star
continues to work very closely with the Madagascar Government to ensure that
all permitting is in place and current."
The Project underwent an initial base line environmental assessment
before work commenced. The Company continues to monitor the current political
situation in the country as it relates to our exploration activities."
Mineralogy and Metallurgy
The Company has received the results of preliminary metallurgical work to
determine what recoveries can be obtained from this unique vanadium discovery.
A scanning electron microprobe analysis has also been completed on a suite of
core and rock samples to specifically identify the vanadium mineralogy.
Vanadium was found to occur in a variety of minerals, with most of the
vanadium found associated with silicate and oxide receptor minerals.
The initial leach test results of both oxide and primary vanadium
mineralization are particularly encouraging and the Company is ramping-up its
efforts to rapidly define what is looking like a world class discovery.
Highlights of 2008 Drill Assays
Northern (a.k.a "Jaky") Area
- Hole TH-08-24 encountered 0.85% vanadium-oxide (V(2)O5) over 56.4
metres, including 0.96% V(2)O5 over 42.6 metres.
- Hole TH-08-27 encountered 0.4% V(2)O5 over 44.2 metres, including 0.77%
V(2)O5 over 13.7 metres.
- Hole TH-08-02 encountered 0.37% V(2)O5 over 42.7 metres, including
0.44% V(2)O5 over 12.2 metres.
- Hole TH-08-29 encountered 0.38% V(2)O5 over 36.6 metres, including
0.56% V(2)O5 over 12.2 metres.
Southern (a.k.a "Mainty") Area
- Hole TH-08-14 encountered 0.4% V(2)O5 over 79.3 metres, including 0.61%
V(2)O5 over 19.8 metres.
- Hole TH-08-13 encountered 0.4% vanadium-oxide (V(2)O5) over 64.0
metres, including 0.51% V(2)O5 over 13.4 metres.
- Hole TH-08-11 encountered 0.41% vanadium-oxide (V(2)O5) over 21.3
metres, including 0.51% V(2)O5 over 15.2 metres.
Bill Nielsen, P.Geo., Director is the qualified person for this report.
Craig Sherba, P.Geol, of Taiga Consultants Ltd. is supervising Uranium
Star's exploration activities on the Green Giant Vanadium Project in
For more information, please visit our website at www.uraniumstar.com
WARNING: The statements made in this news release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially from
expectations and projections set out herein.
For further information:
For further information: Or contact: Brent Nykoliation, Vice President
of Business Development, Uranium Star Corp., Toll Free: 1-800-818-5442 or
(416) 364-4911, Email: email@example.com