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K4



K4-URANIUM TARGET AREA:

The K4 target area is located approximately 2 kilometers east-southeast of the Eldorado/Echo Bay uranium-silver mines. Sampling and mapping indicated potential for high-grade uranium veins along east to northeast trending fractures in andesitic tuffs and breccias within zones of strong potassic-hematitic alteration. The 2008 drilling program at the K4 uranium target area consisted of six holes for a total of 536 meters. Drill hole K4-08-01, 08-02, 08-03 located near the west end of the target area, intercepted numerous intervals of significant copper-silver mineralization with some intervals accompanied by anomalous uranium. Drill holes K4-08-04, and 08-05 located in the central part of the target area, intercepted a number of intervals of significant copper-silver mineralization (see highlights below). Drill hole K4-08-06, at the east end of the target area, encountered only scattered mineralization.

Assay highlights from the 2008 drilling program at K-4 area:

Drill Hole

From

To

Interval

Cu

Pb

Zn

Ag

U 3O 8

 

(m)

(m)

(m)

  (%)

  (%)

  (%)

(g/ton)

  (%)

K4-08-01

3.15

6.00

2.85

0.183

0.009

0.006

3.83

0.001

8.25

9.00

0.75

0.844

0.001

0.067

16.90

0.000

10.80

12.25

1.45

0.201

0.001

0.007

0.40

0.001

18.25

21.25

3.00

0.079

0.001

0.003

1.20

0.001

52.53

53.21

0.68

0.123

0.014

0.026

5.43

0.017

52.53

52.82

0.29

0.237

0.024

0.030

9.60

0.034


Drill Hole

From

To

Interval

Cu

Pb

Zn

Ag

Co

U 3O 8

 

(m)

(m)

(m)

  (%)

  (%)

(%)  

(g/ton)

  (%)

(%)  

K4-08-02

3.10

16.50

13.40

0.111

0.026

0.011

4.74

0.018

0.001

8.10

11.10

3.00

0.169

0.046

0.013

7.10

0.021

0.001

11.10

12.10

1.00

0.086

0.019

0.006

4.70

0.054

0.001

35.50

37.00

1.50

0.255

0.002

0.022

0.70

0.004

0.000

39.50

44.00

4.50

0.153

0.005

0.008

1.80

0.020

0.001

50.00

51.00

1.00

0.398

0.008

0.012

4.90

0.015

0.001

51.89

56.00

4.11

0.216

0.007

0.016

1.06

0.002

0.006

51.89

52.00

0.11

0.083

0.015

0.007

2.00

0.009

0.058

52.00

54.00

2.00

0.358

0.007

0.004

0.60

0.001

0.002

55.05

55.25

0.20

0.297

0.007

0.027

2.00

0.006

0.012

58.50

60.00

1.50

0.156

0.002

0.008

1.50

0.010

0.001


Drill Hole

From

To

Interval

Cu

Ag

Co

U 3O 8

 

(m)

(m)

(m)

  (%)

(g/ton)

  (%)

  (%)

 

3.00

18.00

15.00

0.149

3.60

0.024

0.001

K4-08-03

9.00

22.50

13.50

0.186

4.24

0.015

0.002

 

12.00

13.50

1.50

0.287

4.7

0.012

0.006

 

59.00

60.50

1.50

0.169

0.4

0.009

0.001


Drill Hole

From

To

Interval

Cu

Pb

Zn

Ag

Co

U 3O 8

 

(m)

(m)

(m)

  (%)

(%)  

(%)  

(g/ton)

  (%)

(%)  

K4-08-04

3.00

4.50

1.50

0.111

0.004

0.006

1.90

0.033

0.000

9.00

101.50

92.50

-

-

-

-

-

-

15.00

15.25

0.25

0.669

0.478

0.010

5.10

0.027

2.544

15.75

17.25

1.50

0.139

0.002

0.009

1.10

0.020

0.004

18.75

20.25

1.50

0.008

0.001

0.006

0.10

0.002

0.007

28.35

31.00

2.65

0.211

0.066

0.008

0.88

0.004

0.283

28.85

31.00

2.15

0.190

0.080

0.007

0.95

0.004

0.349

28.85

29.05

0.20

1.071

0.836

0.020

8.70

0.024

3.675

55.55

56.45

0.90

0.250

0.056

0.015

0.96

0.002

0.249

56.05

56.45

0.40

0.135

0.123

0.017

1.90

0.003

0.554

56.95

58.50

1.55

0.060

0.001

0.007

0.40

0.019

0.004

61.87

64.00

2.13

0.148

0.003

0.018

0.76

0.009

0.004

61.87

62.02

0.15

0.352

0.019

0.027

1.60

0.003

0.039

65.50

70.00

4.50

0.129

0.001

0.007

0.70

0.020

0.000

65.50

101.50

36.00

0.076

0.002

0.005

0.45

0.017

0.000

76.00

77.50

1.50

0.107

0.003

0.006

0.40

0.025

0.000

86.50

88.00

1.50

0.111

0.003

0.006

1.30

0.016

0.001

100.00

101.50

1.50

0.109

0.003

0.005

1.00

0.030

0.000


Drill Hole

From

To

Interval

Cu

Pb

Ag

U 3O 8

V 2O 5

 

(m)

(m)

(m)

  (%)

  (%)

(g/ton)

(%)  

  (%)

K4-08-05

4.57

6.00

1.43

0.167

0.002

0.60

0.000

0.009

10.50

92.50

82.00

-

-

-

-

0.038

20.69

21.45

0.76

0.332

0.098

1.72

0.453

0.048

21.16

21.45

0.29

0.504

0.247

3.70

1.154

0.053

34.00

35.50

1.50

0.151

0.001

0.30

0.000

0.066

39.75

49.59

9.84

0.296

0.035

1.17

0.162

0.031

41.24

41.62

0.38

1.061

0.615

7.10

3.192

0.043

47.25

47.62

0.37

0.596

0.139

3.00

0.789

0.040


Drill Hole

From

To

Interval

Cu

Zn

Ni

U 3O 8

V 2O 5

 

(m)

(m)

(m)

  (%)

  (%)

(%)  

(%)  

  (%)

K4-08-06

3.55

17.5

13.95

0.010

0.004

0.002

0.000

0.025

25

28

3

0.059

0.011

0.001

0.004

0.007

38.5

40

1.5

0.028

0.012

0.001

0.003

0.006


K4-08-01 had an azimuth of 85 and an inclination of 60 degrees. K4-08-02 had an azimuth of 170 and an inclination of 45. K4-08-03 had an azimuth of 10 and an inclination of 45 degrees. K4-08-04 had an azimuth of 352 and an inclination of 45 degrees. K4-08-05 had an azimuth of 352 and an inclination of 65 degrees at the same location as 04, and K4-08-06 had an azimuth of 012 and an inclination of 45 degrees.