Endeavor Explorations Inc. – Don Lake Uranium Project – Exploration Update
Endeavor Explorations announces it has located the Global Positioning coordinates (GPS) for the previous historical drilling program conducted on the Don Lake Project during the 1960′s by Matrix Exploration Ltd. Based on this additional information the Company has made application with the Ministry of Mines in Saskatchewan, Canada to adjust the Company’s drill permits for a winter drill program to reflect this additional information. The Company plans to test the high grade results obtained by previous Operators and test other drill locations. Approximately 600 meters of drilling is planned on the winter program. The Company will keep its shareholders updated on its activities as it proceeds forward on the Don Lake Project.
In the 1960′s Matrix Exploration Ltd. undertook an exploration program. They drilled 3,937 feet in 26 diamond drill holes over three zones A, B and C. Nineteen of these holes contained radioactive sections, and significant values over mineable widths were intersected. The highest assay obtained was 10.7% U3O8 (9.08% U) from a 1-foot intersection in hole # 23. Drill hole # 23 is approximately 300 ft away from hole # 1, drilled by Eldorado in 1950, from which a 2-foot section averaging 2% U3O8 (1.7% U) was reported.
Endeavor Explorations Inc. is a publicly trading junior resource exploration company, focused on its Uranium Properties near Uranium City, Saskatchewan, Canada. Seven former producing Uranium Mines are located on the Company land holdings. These former producing mines were closed abruptly in the 1960′s due to depressed uranium prices which management believes is not the case today or the foreseeable future.
