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Property NewsAugust 20, 2007 Continental Precious Minerals announced results for nine diamond drill holes (1,092 m) completed on the Guorbavare licence in Sweden. Significant intersections came from hole PLJ 06-001, averaging 1.83 lbs/ton U3O8 over 8 m and
hole PLJ 06-004, returning 5.16 lbs/ton U3O8 over 3.3 m. August 20, 2007 Announced that assays for nine diamond drill holes (1,092 metres completed). Highlights include the following intersections: for Hole PLJ 06-001 from 41-49m with an interval of 8.0m at 0.07% U and Hole PLJ 06-004 returned from 120.1-123.4m with an interval of 3.3m at 0.199% U January 17, 2007 Announced drilling at the Pleutajokk uranium deposit on its Guorbavare licence located near Arjeplog in northern Sweden. The uranium deposit is associated with fracture fillings in granitic rocks, and was previously explored by the Swedish Geological Survey and other companies. Nine diamond drill holes designed to fill gaps in the historical drill sample pattern have been completed. Three of these holes have been sited on the north side of a potential fault, which bounds the B2 mineralized zone, to test for a possible extension of this deposit. |
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