The company said that these new assays underscore the potential to increase the initial resource model for the Roughrider uranium deposit, via both infill drilling and extension drilling on zones defined in the initial model, and by the discovery of entirely new zones. These new assays confirm the potential to grow the resource which was indicated by the preliminary scintillometer data.
Assay results from the 27,000mt 2010 winter drill program for the Roughrider uranium deposit will be released in the same four blocks, or areas, that were used to organize and release the original scintillometer data.
A total of 13 drill holes were completed in Area 1, the western-most of the four areas covering the Roughrider uranium deposit as it is currently delineated. It spans span grid lines 45W to 5E. Of the 13 drill holes, 10 intersected uranium mineralization. Four have a grade-thickness factor (GT) of between 1 and 5, three have a GT of between 10 and 50, and three have a GT of greater than 200.
Area 1includes parts of both the high grade core shell of mineralization (greater than 5% uranium oxide) and the lower grade outer shell of mineralization (less than 5% uranium oxide), as defined by the initial NI43-101 compliant resource model completed by Scott Wilson Roscoe Postle Associates (SWRPA) in December last year.
