CALGARY, Oct. 18 /CNW/ - Uravan Minerals Inc. ("Uravan") has completed a
preliminary data analysis on their Outer Ring uranium project in the
Athabasca Basin, northern Saskatchewan. The property, 100% owned by
Uravan, is located along the Cable Bay shear zone in the Pasfield Lake
area. The Outer Ring property was acquired by Uravan in December
2009. A surface geochemical program was completed in July 2010. The
preliminary geochemical data analysis was concluded in October 2010. A
drill program on the property is anticipated for early 2011.
The geochemical data from the Outer Ring sampling program capitalized on
new technology developed from a pilot study conducted on the Cigar West
uranium deposit (Cigar West Study). The Cigar West Study was a
collaborative applied research program conducted by Uravan and QFIR
(Queen's Facility for Isotope Research) in 2009. The Cigar West Study
consisted of a multifaceted surface and drill core sampling program
over a known high-grade uranium deposit. The Study was designed to
develop new surface geochemical techniques that can better identify
bedrock sources of undercover uranium mineralization at greater
depths. This research clearly identified distinctive elements and
isotopic compositions that have been mobilized from the deposit to the
surface media at depths >450 meters.
Based on our knowledge gained from the Cigar Lake Study, we have
encouraging preliminary results from the Outer Ring geochemical program
that revealed positive lead (Pb) isotope compositions and associate
pathfinder elements found in certain soil components, vegetation and
tree-core samples. In another positive development, these surface
anomalies are trending and coincide positively with new government
geophysical survey data and other interpreted structural features.
As a result of the positive data analysis on the Outer Ring geochemical
program, Uravan's technical group are now working on defining specific
drill targets and we fully expect to be "drill ready" by early 2011.
For more information on the technical details of this project, please
The Queen's Facility for Isotope Research (QFIR) at Queen's University,
Ontario is a state-of-the-art research facility, comprising a group of
highly experienced research geochemists. The QFIR lab contains some of
the most technologically advanced analytical equipment in Canada. Under
the direction of Dr. Kurt Kyser, the QFIR research team is working
collaboratively with Uravan's technical group to develop new
exploration technologies using applied research.
In addition to the QFIR research team, Dr. Colin Dunn, an independent
specialist in biogeochemistry, is working closely with Uravan's
technical group and QFIR to advance the interpretation of
biogeochemical results. Dr. Kurt Kyser and Dr. Colin Dunn are key
technical advisors for Uravan.
Uravan is a Calgary Alberta based R&D mineral exploration company
specializing in developing new uranium exploration technologies. Our
vision is to get to discovery faster and more cost effectively in
under-explored frontier areas. Uravan is pursuing exploration for
potential high-grade unconformity-related uranium deposits in the
Athabasca and Thelon Basins in Canada and other basin environments
globally. Uravan is a publicly listed company on the TSX Venture
Exchange under the trading symbol UVN. All of the mineral properties
Uravan owns are considered in the exploration stage of development.
This press release may contain forward looking statements including
those describing Uravan's future plans and the expectations of
management that a stated result or condition will occur. Any statement
addressing future events or conditions necessarily involves inherent
risk and uncertainty. Actual results can differ materially from those
anticipated by management at the time of writing due to many factors,
the majority of which are beyond the control of Uravan and its
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE Uravan Minerals Inc.
For further information: For further information: