SASKATOON, July 3 /CNW/ - United Uranium Corp. (UUC-TSX Venture) and Star
Uranium Corp. (SUV-TSX Venture) (the "Companies") wish to report preliminary
results from its drilling program conducted in March 2008 on its jointly owned
(50/50) Peace River Kimberlite project. Core samples from six drill holes were
submitted to the Saskatchewan Research Council for analysis. The results are
very significant due to the number of kimberlite indicators present in the
samples. More importantly, they provide some details as to the proximate
source of potential kimberlite pipes on properties owed by the Companies.
The Qualified Person for the project, Paul A. Hawkins, P.Eng. reports:
Initial Results from the six-overburden drill holes on the Peace River
Kimberlite Project are now available. The program was aimed at defining the
till stratigraphy and kimberlitic indicator mineral distribution of the area.
The program was conducted using an Ingersoll Rand TH60 Rotary Drill.
Preliminary analysis confirms the presence of three till units (upper, lower,
and basal) and other fluvial glacial sediments. Stratigraphy between holes is
as expected, not uniform. Results generally show that the upper till contains
slightly to anomalous numbers of indicators. The lower till contains anomalous
to extremely high numbers (greater than 100) of indicators. The basal till
contains anomalous to highly anomalous numbers of indicators. The Late
Cretaceous bedrock itself may contain anomalous numbers of indicators. These
kimberlitic indicators consist of pyropes, chrome diopsides, olivines, and
chromites. This suite of indicators is typical for Alberta pipes. One drill
hole returned extremely high numbers of indicators in the coarse fraction of
the lower till. The drill log notes angular sedimentary, granite and volcanic
fragments in the lower till unit, which could be the reflection down ice
dispersion of a diatreme breccia. The closest airborne target is 6 km up ice.
While a report on the Initial Results was being prepared, a ground geophysical
program was completed on June 28th, consisting of shallow seismic and ERT
(Electrical Resistance Tomography) to further define stratigraphy and bedrock
topography in the project area. The indicator mineral distribution for the
property suggests that there is likely more than one local source. For the one
drill hole, a nearby proximal source is likely, perhaps closer than the 6 km.
These results highlight the potential of the property for hosting
multiple pipes and confirm the merit of ongoing exploration in an integrated
fashion with overburden depths of between 25.9 - 76.2 meters. Additional
laboratory work is currently underway and significant further fieldwork is
planned for July, August, and September, consisting of further ground
geophysics and drilling to define specific targets up ice. The qualified
person for the project is Paul A. Hawkins P.Eng. The Peace River Project is
(50%) Joint Venture with Star Uranium Corp. (SUV-TSX.V) and (50%) United
Uranium Corp. (UUC-TSX Venture) and is located 70 km to the southwest of the
Diamondex (DSP-TSX.V)/Shore Gold (SGX-TSX) cluster of kimberlite pipes.
Kyle Kozuska, Director of United Uranium Corp. and Star Uranium Corp.
states: "We view the Peace River project as an excellent opportunity for our
shareholders to participate in what could be a major diamond district. These
preliminary results necessitate further analysis of the samples, and further
work in the area. The magnitude of these preliminary results make the Peace
River project a priority for us. These results confirm our expectations for
the Peace River Kimberlite Project and have vastly expanded our knowledge of
this district. We are very pleased with the location of our land claims in
relation to these results which total 147,223 hectares. We will work
diligently to explore the potential of our claims to add value to the
shareholders of both United Uranium Corp. and Star Uranium Corp.
United Uranium Corp. ("United") and Star Uranium Corp. ("Star") are
focused on discovering Canada's next natural resource discovery. The Companies
are rapidly evolving and committed to building long-term shareholder value
through ongoing diamond exploration.
Caution Regarding Forward-Looking Statements
Certain statements in this press release may contain "forward-looking
statements" within the meaning of securities legislation. By their very
nature, forward-looking statements involve inherent risks and uncertainties,
both general and specific, and risks exist that predictions, forecasts,
projections and other forward-looking statements will not be achieved. We
caution readers not to place undue reliance on these statements as a number of
important factors could cause the actual results to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates and
intentions expressed in such forward-looking statements. All forward-looking
statements contained in this press release are based on Star and United's
current beliefs as well as assumptions made by and information currently
available to Star and United concerning exploration plans, development,
strategies and mining activities. When relying on our forward-looking
statements to make decisions with respect to Star and/or United, investors and
others should carefully consider the foregoing. Star and United do not
undertake to update any forward-looking statement, whether written or oral,
that may be made from time to time by Star and/or United or on their behalf.
More information about risks and uncertainties affecting the Companies and
their business is available in the Companies regulatory filings which are
posted on sedar at www.sedar.com.
For more information please contact the Companies at (306) 664-3828.
On behalf of United Uranium Corp and Star Uranium Corp.
The TSX Venture Exchange Does Not Accept Responsibility For The Adequacy
or Accuracy of This News Release.
For further information:
For further information: Christina Dewald, Corporate Secretary, United
Uranium Corp., Star Uranium Corp., (306) 664-3828