Pitchstone Exploration has commenced the drilling and ground geophysical surveying on its eastern Athabasca Basin properties.
The company has planned a total of 4,400m of core drilling at Gumboot and Johnston Lake during the January-March 2011 winter drilling season.
Bryson Drilling has mobilized to the Gumboot property, 20km northwest of the Cigar Lake mine where a total of three drill holes will be completed along the Gumboot electromagnetic conductor.
The conductive graphitic unit is the host to significant uranium, nickel and cobalt mineralization discovered by Pitchstone in 2009.
Three additional drill holes are also planned for the Johnston Lake property to follow up on the results of preliminary work completed during 2009 and 2010.
Each of the three drill holes will test for extensions of earlier intersected mineralization along the conductive graphitic unit.
A program of moving loop electromagnetic geophysical surveying is underway at Darby and Candle, 8km west of the Cameco operated Cigar Lake mine.
Also, a formal joint venture agreement covering the Candle property has been signed between Pitchstone and JCU (Canada) Exploration Company (JCU).