URANIUM EXPLORATION: Athabasca-style mineralization discovered in Guyana

GUYANA - U3O8 Corp. of Toronto has discovered an area of alteration consistent with unconformity-related uranium oc...

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GUYANAU3O8 Corp. of Toronto has discovered an area of alteration consistent with unconformity-related uranium occurrences in the Roraima Basin. This is the first time that a zone similar to those hosting uranium deposits in the Athabasca Basin of Saskatchewan has been unearthed in the basin. Specifically, sudoite, a classic pathfinder mineral for unconformity-hosted deposits, was identified in a length of archived drill core.

 

The archived core in which the alteration has been found was drilled by a company exploring for gold in the Roraima Basin in the mid-1990s. U3O8 Corp. was granted access to over 10,000 metres of this core from 41 bore holes that were archived by the Guyana Geology and Mines Commission. Company geologists relogged the core and identified the characteristic alteration with a TerraSpec® infrared spectrometer. An independent alteration mineralogy expert verified the identification of these key minerals.

 

The news release dated June 4, 2008, which includes U3O8's interpretations of cross-sections from two of the Roraima Basin targets, is posted at www.U3O8Corp.com.

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