Red Rock Energy Inc. (Red Rock Energy) has completed its summer fieldwork on its land holdings at Beaverlodge uranium district in Northern Saskatchewan. The field work was mainly comprised prospecting and geological examination of 283 reported radioactive occurrences. This included a ground check of in excess of 290 old trenches that had been excavated by prior explorers from the late 1940s to the early 1980s.
Most of the impetus for conducting an expanded summer program was the recent completion of additional land acquisitions from Uranium City Resources Inc. and GLR Resources Inc. by Red Rock Energy. By virtue of these transactions, Red Rock Energy has expanded its regional holdings from 9,668 ha in the original four claim blocks (RB1 to RB4) to a 75% or 100% interest in a total of some 74,801 ha in the heart of the Beaverlodge Uranium District. Commencing May 25, 2009 and ending September 4, 2009, this program included the completion of 390 field days of exploration by Red Rock Energy personnel (two geologists, prospector and geological technologist) with and under the supervision of Red Rock Energy`s vice president of exploration.
The field work was mainly performed north and northwest of the former Eldorado Nuclear Limited Ace-Fay-Verna mines, and in the vicinity of the former Gunnar mine at the southwest end of the Crackingstone Peninsula. The follow-up work identified over a dozen radioactive targets that warrant further assessment, including assembly and review of publicly available assessment and other exploration data, in order to determine next steps for further fieldwork which may include drill testing. These newly identified targets are in addition to those previously identified within Red Rock Energy’s original core claim holdings within the RB1 to RB4 claim blocks.
Red Rock Energy also conducted detailed geological mapping at four selected locales, including the East Target uranium zone. This area was the subject of the August 31, 2009 press release advising that Watts, Griffis and McOuat Limited (WGM) had calculated a NI 43-101 compliant resource at a cut-off grade of 0.05% U3O8 to be 143,100 tonnes with an average grade of 0.139% U3O8, or about 438,500 lbs U3O8. In addition, detailed geological mapping was done by a Queens University doctoral candidate at the Lake Cinch Fusion Zone target area, and this work has been provided to Red Rock Energy. The detailed geological mapping will be highly useful to assist with the planning for future drill testing at both the East Target and Fusion Zone.
Sandy Loutitt, president of Red Rock Energy, commented that “The results from the summer field program, coupled with the data assembly, review and interpretation that Red Rock will be complete during fall/winter 2009, will set the stage for completing new drilling programs in 2010 at our highest priority targets. Thanks to the substantial expansion of prospective land holdings that we completed this year, Red Rock now has effective control of the majority of the Beaverlodge Uranium District. The information culled from our summer program already indicates that the exploration potential of both our existing and new lands is significant.”