Pitchstone Begins Uranium Drilling Program in Namibia
23 Agosto 2010 - 1:00PM
Marketwired
Pitchstone Exploration Ltd. (TSX VENTURE: PXP) ("Pitchstone")
reports that reverse circulation drilling has begun on the Dome
property in Namibia. Targets include both calcrete hosted and
leucogranite (commonly referred to as alaskite) hosted uranium
mineralization, both of which were discovered in outcrop at Dome
North in 2009. Dome is part of a uranium exploration joint venture
between Pitchstone (65%) and private company Manica Minerals Ltd.
(35%) through Manica's wholly-owned subsidiary Cheetah Minerals
Exploration Ltd. The property location relative to the nearby
Rossing and Langer Heinrich uranium mines, and other uranium
occurrences in the western Namibian uranium district, is
illustrated on Pitchstone's website (www.pitchstone.net).
Calcrete (Langer Heinrich style) Targets
Grab samples of calcrete hosted mineralization collected on
surface early in 2009 contain up to 0.19% U3O8. An initial drill
test of this mineralization in September, 2009 returned values up
to 0.035% U3O8 over 1.0 meter (see October, 2009 news release).
Some of the calcrete drilling will explore for thicker extensions
of this zone, and other holes will test a separate area of
electromagnetic geophysical anomalies that may represent new
calcrete paleochannels. At least seventeen holes are planned to
test calcrete targets in this program.
Leucogranite (Rossing style) Targets
Outcropping leucogranite hosted mineralization was discovered at
Dome North late in 2009. Follow up sampling early in 2010 returned
grab sample values up to 0.61% U3O8 (see May, 2010 news release).
Subsequently, Pitchstone has completed high definition
helicopter-borne geophysics, radon surveying, satellite imagery,
and geological mapping, all of which have been integrated to define
targets for the current drilling program. At least fifteen drill
holes are planned to test the leucogranite targets.
Steven J. Blower, P.Geo., President and CEO of Pitchstone, is
the Qualified Person for the purposes of NI 43-101 with respect to
the technical information in this news release. Sample preparation
and analyses were done by ALS Chemex, Johannesburg. A multi-element
ICP-MS analysis was completed on the samples after a four acid,
near-total digestion. Pitchstone utilizes internally and externally
submitted standard reference materials for quality assurance and
quality control of the sample preparation and analyses.
Insufficient information is available to estimate the true width of
mineralization. Field work in Namibia is supervised by Cape Town
based Remote Exploration Services on behalf of the joint
venture.
About Pitchstone
Pitchstone is exploring for uranium in three proven districts in
Canada and Namibia. The property portfolio features 12 projects in
the eastern Athabasca Basin, Saskatchewan, four of which are 100%
owned. In addition, there is a joint venture on two projects in
Namibia and several joint venture projects in the Hornby Bay Basin,
Nunavut. Pitchstone benefits from the collaboration of a unique
group of geologists with extensive uranium exploration and
production experience.
On behalf of the Board,
Steven J. Blower, President and CEO
This news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties
and are subject to factors, many of which are beyond Pitchstone's
control, that may cause actual results or performance to differ
materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Pitchstone Exploration Ltd. Claire Stewart 604 630
5563 Pitchstone Exploration Ltd. Mark T. Brown CFO 604 687 3520
www.pitchstone.net
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