Crosshair Discovers New Uranium Zoneadmin
Crosshair Exploration & Mining Corp. report the discovery of a previously unidentified zone of uranium mineralization, referred to as the “Apollo Zone”, on its Central Mineral Belt (CMB) Uranium Project in Labrador.
During the summer of 2008, follow-up prospecting of several anomalies identified in 2006 revealed significant uranium mineralization over a 500 meter (m) strike length. The Apollo Zone returned grab samples assaying up to 0.50% U3O8 in outcrop and 0.20% U3O8 in local boulders. This new zone appears to lie along strike of the Boiteau Lake Showing (0.79% U3O8) announced by Bayswater Uranium Corp. (TSX.V: BAY) (Nov. 20, 2008). The Boiteau Lake Showing lies very close to the Crosshair/Bayswater property boundary and the trend is open along strike for the 7 kilometres between the showing and the Apollo Zone.
The Apollo Zone lies approximately 11 kilometres NE from the C Zone uranium resource and approximately 3 kilometres south of previously discovered Blue Star, where sampling by Crosshair in 2006 returned values of up to 1.37% U3O8 in outcrop.
Location maps and complete assay highlights are posted on the Company website at: http://www.crosshairexploration.com/s/ApolloZone.asp.
Uranium mineralization at the Apollo Zone is hosted within variably foliated sedimentary rocks of the Heggart Lake Formation. A strong penetrative foliation is locally developed, notably within sericite-altered matrix-supported conglomerates. Kinematic indicators suggest the mineralized zone is hosted within an oblique, steeply east-dipping sinistral shear zone. Sulphide minerals present are predominantly pyrite but locally include chalcopyrite and bornite.