Red Rock Energy has discovered a new uraniferous mineralized zone as part of its conclusion of its 2010 exploration program and the continued geological compilation of historical work at the Uranium City in Saskatchewan, Canada.
The newly discovered zone, known as Redox Zone, is located in the hangingwall of the St Louis Fault that is approximately 600m east of Red Rock’s 46 Zone resource and about 500m northeast of the former producing Verna Mine workings and the Bolger open pit.
The zone was discovered during Red Rock’s field mapping and geological reconnaissance activities conducted through the summer of 2010.
Historic drill collars located in the field were later compiled against historic drill logs and location maps, which form part of Red Rock’s historic data set.
Red Rock is now finalizing an exploration drill program to further delineate this zone.
On 31 August 2009, Red Rock reported an inferred resource at the 46 Zone of about 523,000 pounds U3O8 in 402,600 tonnes at a grade of 0.065% U3O8.
From the early 1950’s to 1982, when Eldorado Nuclear Limited (ENL) was both actively mining and exploring at Beaverlodge District, drilling northeast of Verna-Bolger along both sides of the geologically favorable St Louis Fault was completed.
This work resulted in, among other things, the discovery of the 11 (hangingwall deposit), 21 and Dubyna zones (both footwall deposits), all of which were mined by ENL.
With respect to the Redox Zone, a preliminary review of the assay data for numerous B-series drill holes drilled by ENL in this area, identified at least 10 holes that encountered uranium mineralization at depths ranging from approximately 60 m to 320m below surface.