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PUESTO OROZCO/EL PELADO
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Latest Information September 22, 2006 Recent field work at Puesto Orozco indicates uranium mineralization occurs over a strike length in excess of 6 kilometres. The field work comprised 12 section radiometric traverses over 10 kilometres strike length of the target Yacoraite Formation sandstones, within an area of mostly shallow alluvial cover. Eight of these traverses were located on exposures along the sides of an incised river valley. A total of 40 rock-chip channel samples were taken during this first reconnaissance program, in zones of anomalous total count radiometrics. Best rock-chip intercepts include: POCH004 with 1.5m @ 278ppm U3O8 about 400m south of the El Pelado occurrence; and POCH005 with 4.2m @ 169ppm U3O8 including 1.5m @ 301ppm U3O8 at El Pelado. June 13, 2006 Exploration commenced. Detailed ground radiometric traversing, geological mapping and rock chip sampling of the target horizons will be completed to confirm and extend knowledge of the uranium occurrences, which were originally discovered by the Government Nuclear Energy Agency (CNEA) over 25 years ago. It is planned that at least 150-200 rock chip samples will be taken across the three project areas (Canguro, Cerro Tin Tin and Puesto Orozco). Particular note will be made of facies variations and structures within the Yacoraite Formation sediments. All data collected will be added to the existing GIS database comprising published geological mapping, satellite imagery, airborne radiometric data over part of the area and technical reports. |
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