Delta Uraniums New Assaying Protocol Continues to Increase Grades at the Richard Lake Uranium Depositadmin
Monday, August 11th 2008
Delta Uranium Inc. announce that revised assay results have now been received for all diamond drill holes on the Richard Lake Uranium Deposit (“Richard Lake”) on the company’s 100% owned Kenora property in northwest Ontario.
Grades Increasing 20 to 35 Percent over ICP Analyses
New assays using the DNC (delayed neutron counting) assay method show increases of between 20 and 35 percent over the original ICP analyses. Revised assay data for diamond drill holes RL07-001 to 07-005 showing grades increasing between 33 percent and 66 percent over the grades calculated from ICP analyses were previously reported on June 26th, 2008.
This present release includes results from holes RL07-007 to RL08-023, which are summarized in the following table. Holes RL07-006, 07-11 and 07-18 are not included in the table as rejects from the original ICP analyses were not available for these holes. The results therefore have not changed from those reported in the original news releases of April 17th and May 26th, 2008. Holes RL07-008, 07-009, 08-021 and 08-022 are not included as they did not intersect significant mineralization.
Each intersection in the table presents new assay results followed by the previously reported values. In some cases the depth interval has been changed because of errors in the data used in the original release; in other cases the new assays have permitted a wider interval to be calculated using an across-the-zone cutoff of 50 ppm U. In the case of hole RL07-020 the previously reported result was wholly in error.
Wayne Isaacs, CEO of the Company states that, “Our very experienced technical team deserves a great deal of credit for their extensive review of our previous results and their recommendation for the application of what is obviously far more precise methodology. I remain encouraged and excited by the future prospects of the Company as we continue to advance the exploration program in Kenora.”
Delta Uranium Inc. is actively engaged in the exploration of uranium in the Kenora and Timmins areas of Ontario, Canada. The Company recently completed the acquisition of the Kenora uranium property and holds interest in additional uranium and gold properties in Ontario. Delta commenced trading on the TSX Venture November 12, 2007 and graduated to the TSX May 20, 2008.