NUNAVUT - HORNBY BAY EXPLORATION of Toronto reports that nine out of the 10 holes drilled at its Coppermine River claims returned significant anomalous uranium mineralization. One hole at Contact Lake cut 75 metres of combined regolith and graphitic metapelite and assayed up to 107 ppm U. Another hole at Wolf Creek intersected 50 metres of up to 20 ppm U in graphitic metapelite. And another hole in the Panhandle cut several zones of clay alteration to the bottom of the hole at 580 metres and assayed up to 15 ppm U. The company is confident that uranium occurs above the unconformity in the sandstone, at the unconformity, and in the basement rocks.
Hornby has identified major northeast- and northwest-trending faults and lineaments that intersect at numerous locations. These intersections are at the same locations as high-grade uranium results found in surface rock samples, radioactive surface occurrences and electromagnetic conductors. Such intersections are prime locations for forming uranium deposits. Drilling will begin again in April on 18 targets.
Further information is available at www.HornbyBay.com.
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