LABRADOR – AURORA ENERGY, a 57%-owned subsidiary of Vancouver-based FRONTEER DEVELOPMENT GROUP, has begun a 40-hole, 13,000-m drill program to test the depth of the Michelin uranium deposit below 250 metres.
A recent compilation of 308 historical drill holes from Michelin strongly suggests that uranium mineralization continues below the current limits of the historical resource, according to Fronteer. In fact, many of the deepest holes at Michelin intersected the widest and highest grade uranium mineralization. For example, drillhole M-76-128 intersected 0.18% U3O8 over a true width of 13.7 metres at a vertical depth of 240 metres. The existing Michelin deposit is host to a historic resource of 18.3 million lb of uranium contained in 6.4 million tonnes at an average grade of 0.13% U3O8.
Drilling at Michelin will be followed by drilling at two other key target areas, Otter Lake and Jacques Lake, both of which have never been drill-tested before, and which are the two largest airborne radiometric anomalies in the Labrador property holdings of Aurora.
For maps of the Michelin and other drilling targets, see www.FronteerGroup.com.