URANIUM EXPLORATION – Newfoundland & Labrador

AURORA ENERGY (owned 47.2% by FRONTEER DEVELOPMENT) wrapped up the 2006 drill program on its Michelin property in L...
AURORA ENERGY (owned 47.2% by FRONTEER DEVELOPMENT) wrapped up the 2006 drill program on its Michelin property in Labrador's Central Mineral Belt with more very good results, extending the deposit another 400 metres. The best hole returned 0.20% U3O8 over 21.83 metres, including a 1-m intersection at 1.83%.

Aurora wrapped up its 2006 drill program at Jacques Lake with results such as 0.16% U3O8 over 17.1 m and 0.22% over 3.0 m. The deposit remains open.

Aurora is also drill-testing the Inda Lake Trend where core has assayed 2.19% U3O8 over 3.6 m, including 6.77% over 1 m. It is believed that the trend may host additional near-surface deposits with grades higher than the company's other properties. Additional drilling is planned for 2007.

BAYSWATER URANIUM plans to drill 10,000 metres on its property in the Central Mineral Belt. That work plus geophysical surveys and prospecting carries a price tag of $5.6 million. Last year 12 IOCG and Rossing-style uranium targets were identified on the property. And the smallest, most prospective of the company's projects in the Hermitage Uranium Belt will cost $500,000.

COMMANDER RESOURCES has chosen five targets for its initial drill program at its Hermitage property on Newfoundland's south coast. The company is converting its drill rig from helicopter-borne to skid-mounted to lower costs and avoid downtime necessitated by fog and snow.

SANTOY RESOURCES has a 4,000-m drill program planned at the Mustang Lake project in the Central Mineral Belt of Labrador. Earlier drilling returned 9.11 m of 0.12% U3O8. Mustang Lake is a 50:50 joint venture between Santoy and MONSTER COPPER. Santoy also has a 2,000-m program planned for its wholly-owned Fish Hawk Lake property where three new zones of mineralization were discovered last year.

SPRUCE RIDGE RESOURCES reports that it has discovered a new zone of uranium mineralization on its Turner's Ridge property in northwestern Newfoundland. The Determination zone outcrops over an area of 110 m by 22 m, and 11 grab samples averaged 0.156% U3O8. The new zone is 60 km from the Deer Lake discovery in the Rocky Brook Formation.


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