TORONTO, May 21 /CNW/ - Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5)
("Uranium Star" or "the Company") announces that the recent significant
advances to the Green Giant Vanadium Project in Madagascar have dictated that
the Company retain a consulting mining engineering company in order that
additional metallurgical work and an order of magnitude study can be
completed. This work would provide guidance for the existing field work
program and a future Preliminary Economic Assessment (PEA).
Uranium Star is very pleased to announce that PEG Mining Consultants Inc.
will be carrying out the study and assisting the Company in completing the
additional metallurgical work. The order of magnitude study will provide an
initial examination of all parameters dealing with the deposit including
mining, processing, infrastructure, capital costs and operating costs. They
will also provide initial assistance to Uranium Star in the socioeconomic,
environmental and marketing aspects of the project.
The Company has an extensive field crew working on the project at this
time. The current program is establishing a series of trenches over the entire
22-kilometre length of the Property, spaced 100 to 200 metres apart. The
resulting number of trenches will give the Company significant insight into
the mineralization along the vanadium trends and will also provide information
relating to near-surface grades. Using a large mechanical excavator, the
digging of 1.4 meter wide trenches to bedrock is underway and nicely ahead of
Vanadium Values Well Above Expectations
Hand-held XRF analysis of the trench sample material is yielding vanadium
values well above expectations, both in grade and width. The XRF units being
deployed in the field 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. All anomalous samples are being sent to a commercial laboratory
for subsequent verification of vanadium values.
Uranium Star intends to carry out an extensive drill program later this
year, which will be greatly facilitated by the current trenching program. The
resulting drill program will provide compliant resource statements which will
ultimately be incorporated into a 43-101 feasibility level study.
The Company also wishes to announce that F. William Nielsen P.Geo, a
Director of the Company has been appointed Project Manager. He will guide the
Company through the various aspects of work required to carry the project
forward to the feasibility level. Mr. Nielsen has recent experience in this
regard as he carried out a similar task for Nevsun Resources in bringing their
Bisha deposit in Eritrea to the feasibility stage.
Bill Nielsen, P.Geo., Director is the qualified person for this report.
Claude Aussant, P.Geol, of Taiga Consultants Ltd. is supervising Uranium
Star's exploration activities on the Green Giant Vanadium Project in
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: For more information, please visit our website
at www.uraniumstar.com; Or contact: Brent Nykoliation, Vice President of
Business Development, Uranium Star Corp., Toll Free: (800) 818-5442 or (416)
364-4911, Email: firstname.lastname@example.org