Four of the five holes encountered mineralization at the unconformity with hole WAT10-073 intersecting 18mt grading 1.32% U308 (197.0mt-215.0mt), including two intercepts of 2mt at 3.35% U308 (198.5mt-200.5mt) and 3.23% U308 (208mt-210mt), and one intercept grading 2.49% U308 over 1.50mt (212.0mt-213.5mt).
In addition, hole WAT10-077 intersected 8.50m grading 1.92% U308 (204.0-212.5), including 4m at 3.56% U308 (206.5m-210.5m).
All drill intersections are associated with a broad continuous zone of alteration extending from several meters above the unconformity to >25mt below the unconformity, with mineralization occurring within this altered system. Overall, these vertical step-out drill holes have demonstrated continuity of high grade mineralization and exceptional widths trending to the west of discovery hole WAT10-063A.
Most notably, hole WAT10-073 has identified the widest continuous high grade mineralized intersection from assays received to date. Assays are pending on the remaining eleven drill holes, which further extended the J-Zone’s east-west trending mineralized strike length to approximately 90m and 50m wide, north-south, at the time the Winter 2010 drill program was completed.
The J-Zone remains open laterally along strike and width. In addition, assays are pending on nine other regional drill holes: WAT10-062, 078, 080, 082, 084, 086, 088, 090 and 092.
Follow-up drilling at the J-Zone, in addition to testing other high priority land based targets is planned for the summer.
Split core samples from the mineralized section of core have been taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U3O8 (wt%) and fire assay for gold, platinum and palladium. All samples sent for analysis will include a 63 element ICP-OES, uranium by fluorimetry (partial digestion) and boron.
