Temex and Nuinsco commence exploration on uranium project
Temex Resources Corp. and partner Nuinsco Resources Limited announce that field work is well underway on the Marijane Lake and Huston Lake Uranium Properties. The Claims are located in northwestern Ontario 80 km north of Kenora and in eastern Manitoba 75 km east of Lac du Bonnet, and were acquired by staking in spring 2007 to cover a large and locally intense airborne radiometric anomaly detected on government surveys. Nuinsco has the option to earn a 50% interest in the Claims by expending a total of $750,000 over a two year period and by making cash payments and share issuances to Temex. The current program budget of $500,000 is funded 100% by Nuinsco; Temex is the operator.
Highlights
– 2,705 line-km helicopter-borne radiometric and magnetic geophysical surveys completed in May 2008 detailed numerous high-quality anomalies ranging from 0.2 to 0.5 km in length. – Yellow staining on samples collected during initial prospecting on a portion of the Claims in 2007 identified as the secondary uranium minerals, uranophane and boltwoodite; assay values from these samples ranged from 0.047% to 0.13% U(3)O(8); subsequent work identified the primary uranium-bearing minerals uranothorite and coffinite in host granitic rocks. – Ground follow-up of airborne anomalies well underway and several other areas have been identified with similar yellow staining and/or high scintillometer counts.
– Diamond drilling of preliminary targets planned for December.
Prospecting and geological evaluation is well underway on the Claims. The program is designed to follow up on numerous well-defined radiometric anomalies identified by a 2,705 line-km helicopter-borne radiometric and magnetic geophysical survey flown in May 2008 by Geo Data Solutions Inc. (“GDS”). The gamma radiation spectrometer survey collected total counts for all radioactive sources as well as separate counts for uranium, potassium, and thorium. The survey was flown at 100 metre line spacing to provide detailed resolution over the Claims which cover several prominent equivalent uranium radiometric anomalies apparent on regional government surveys (1977) flown at 800 metre line spacing or greater. The detailed survey provided greater definition to focus the current prospecting program and identified new hotspots ranging from 0.2 to 0.5 km long within regional anomalous trends up to several km in length.
The majority of the airborne anomalies are located within and around the western margins of the 30 km by 10 km east-west trending Marijane Lake Batholith, a pink to white, 2-mica (alaskite) granite similar in lithology to that which hosts the large tonnage, low grade Rossing Uranium Mine in Namibia. Individual target areas include Marijane Anomaly 137 from which reconnaissance sampling in 2007 returned values ranging from 0.047% to 0.130% U(3)O(8) from random grab samples. Mineralogical work, using a combination of X-ray diffractometry and electron microprobe analysis, has confirmed the presence of the secondary uranium minerals uranophane and boltwoodite, and has also identified the primary uranium-bearing minerals uranothorite and coffinite in the host granitic rocks. This anomaly is approximately 1 km in length and up to 150 metres in width. Several other areas with similar yellow staining have already been identified in the field during the current program.
Prospecting on the RL anomalous trend, which is 4 km in length and up to 500 metres in width and with several hotspots up to 500 metres long and 100 metres in width, has identified yellow staining similar to the Marijane anomaly and locally exhibits scintillometer counts with background over tens of metres exceeding 20 times background and local hotspots of up to 100 times background. The geological environment differs from the majority of the occurrences on the Claims in that dykes or apophyses of the Marijane Lake Batholith occur interspersed within country rock consisting of migmatite and iron formation.
