Eldorado South Uranium Target
This is the first High Resolution, Multi-Parameter Regional Radiometric and Magnetic survey ever conducted over the Eldorado & Contact Lake IOCG & Uranium Belt using newly developed geophysics technology. Several of the larger anomalies show uranium radiometric signatures of comparable or greater in strength, to the known zones of uranium mineralization already identified on the Company's uranium properties.
The Primary Eldorado South Anomaly was discovered as a result of the completion of a High resolution, Multi-Parameter Regional Radiometric and Magnetic geophysical survey which was conducted in July, 2006. The Eldorado South Anomaly is over 3.5 kilometers in length and the expression suggests a potential near surface uranium target. The radiometric profiles show a clear well defined anomaly with a marked correlation of strong thorium (Th) and potassium (k) ratio patterns.
The Company will begin a detailed regional reconnaissance scale sampling and mapping program on the newly staked Eldorado south uranium claims. The Company intends to advance its uranium exploration and drilling activities and continue with development of its strategically owned assets in the Eldorado & Contact Lake uranium and IOCG districts.