News: United Carina and CMKX uranium report

[noahltl]

United Carina and CMKX uranium report



United Carina defines three U targets in Saskatchewan


2005-09-27 13:18 ET - News Release

Mr. Rick Walker reports

SANDSTONE BOULDER SAMPLING SUCCESSFULLY DEFINES THREE URANIUM TARGETS IN THE HATCHET / WOLLASTON LAKE AREA OF NORTHERN SASKATCHEWAN

United Carina Resources Corp. has received favourable results from the 2005 boulder sampling program on its uranium property situated along the eastern edge of the Athabasca basin, in the Wollaston Lake area of Northern Saskatchewan. The property is located approximately 30 kilometres north of major uranium production centres near the Rabbit Lake and McClean Lake mills and their associated high-grade unconformity uranium deposits.

The recent exploration program consisted of sampling Athabasca sandstone boulders for geochemical analysis. Sandstone boulder geochemistry is used to map regional variations in clay minerals and trace element levels to detect hydrothermal alteration associated with unconformity-type uranium mineralization. Important alteration signatures in this part of the Athabasca basin are elevated proportions of illite and chlorite clays and above background geochemistry for boron, lead, arsenic, molybdenum and uranium.

Previous work identified five areas requiring detailed exploration. This summer's exploration program highlighted three areas (areas A, G and a new area -- Le Drew) having anomalous sandstone boulder geochemistry defining target areas for follow-up exploration.

Area A

Encouraging results were obtained south of Hatchet Lake in an area west of Turkey Lake. Sandstone boulders were found exhibiting alteration features and geochemistry common to all the unconformity-related deposits in the eastern Athabasca basin.

Sandstone boulders found at one sample site have outstanding visual alteration features, including gray pyritic sandstone, silicified sandstone and a boulder with secondary hydrothermal hematite. Boulders in the area have anomalous geochemistry, with boron values up to 26 parts per million (median six parts per million), uranium values up to 0.67 part per million (median 0.21 part per million), lead values up to 0.96 part per million (median 0.53 part per million) and arsenic values up to 0.5 part per million (median 0.2 part per million). The sandstone is moderately illitic.

Immediately up-ice from the site and within the overall geochemical anomaly are two untested geophysical conductors. These conductors occur 10 kilometres along strike of Areva's Moonlight zone, which has intersections up to 1.76 per cent U per 1.5 metres.

Sandstone thickness in the area of the conductors is estimated to be 50 metres.

Area G

Boulder sampling identified target area G along the eastern edge of the Athabasca sandstone, south of Tromberg Bay. Geochemical values are up to 0.31 part per million uranium (median 0.21 part per million), up to 31 parts per million boron (median six parts per million) and the sandstone is strongly illitic. These values are associated with an untested geophysical conductor.

Le Drew

Boulder sampling highlighted the Le Drew Lake area, near the edge of the Athabasca sandstone. Previous work identified outstanding radon-in-water (uranium pathfinder) anomalies. These were interpreted to coincide with the junction of two major fault systems. The boulder sampling confirms the presence of anomalous uranium values up to 0.89 part per million (median 0.21 part per million) and anomalous lead up to 1.17 parts per million (median 0.53 part per million). A weak, untested geophysical conductor is closely associated with the anomalous boulders.

The boulder sampling program found several other areas weakly anomalous in trace elements and these require more work. One of these is the South Bear property, with uranium values up to 0.56 part per million (median 0.21 part per million), lead up to 2.83 parts per million (median 0.53 part per million) and one sample with 0.4 molybdenum (median 0.05 part per million).

United Carina plans to establish ground grids and complete geophysical surveys over the three target areas as soon as logistically possible. Following data interpretation, the resulting targets will be drill tested.

The Hatchet Lake property is currently 100 per cent owned by United Carina and consists of four claim blocks, totalling 41,864 acres. Entourage Mining Ltd. is earning a 20-per-cent interest in the property and CMKM Diamonds Inc. (Pink Sheets: CMKX) is earning a 40-per-cent interest in the property. When the earn-ins have been completed, the property ownership will be: United Carina Resources, 40 per cent: CMKM Diamonds, 40 per cent; and Entourage Mining, 20 per cent.

The qualified person responsible for the technical information in this news release is Daniel Studer, PGeo. All samples were analyzed at the Saskatchewan Research Council (SRC) geoanalytical laboratories.

www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-485059-C:UCA&symbol=UCA&news_region=C

[srinze]

How many parts per million is good when it comes to uranium. Are these values low, medium high?

[gosh]

i know one thing only about uranium

the govt wants to control for safety and terrorism

oh and add WOOHOO BABY
thanks Noah

[tramp]

excellent report, and broke it down so someone who does not understand mining, can understand this report.

here is a example..
uranium values up to 0.67 part per million (median 0.21 part per million),

what this is some high grade numbers.. .. and this would be some geophyisal work

now for the drilling report, which we know its coming..thanks to SDS drilling.

but, the biggest thing here, is cmkx is on this report, inside the PR.

[bosnerdley]

Great news!!!

And I can use this now:

40%

Bo

Oh , pin please?

[deeitz1969]

By: carquest44
27 Sep 2005, 02:02 PM EDT
Msg. 1132645 of 1132657
(This msg. is a reply to 1132639 by Profiler317.)
Jump to msg. #
It is only the beginning!!!!



Because I can post this on this board. I like this board.

[starfire1]

My first sticky :-) if another mod wants to unpin its ok :-) Just thought this was very pertinent to us :-)

[Twist Capper]

Andy's response






Mike

[tramp]

yep, good numbers, and of course, going crazy over there, only floyd picked up on it.. good numbers,, he did a 100% change around..

[tramp]

it stays starfire.. imp. news..

[bosnerdley]

This is just surface testing, right? Do these levels indicate a good chance of high-grade ore beneath? Hence the drilling?

Bo

[starfire1]

tramp said:

it stays starfire.. imp. news..

I agree Tramp

[starfire1]

precision said:

tramp said:

yep, good numbers, and of course, going crazy over there, only floyd picked up on it.. good numbers,, he did a 100% change around..

URANIUM 308=====$30.75 PER

nice :-)

[bosnerdley]

This is the part I like:

"...Sandstone boulder geochemistry is used to map regional variations in clay minerals and trace element levels to detect hydrothermal alteration associated with unconformity-type uranium mineralization. Important alteration signatures in this part of the Athabasca basin are elevated proportions of illite and chlorite clays and above background geochemistry for boron, lead, arsenic, molybdenum and uranium."



Especially, with the comments later about illite, boron, and lead.

Bo

[tramp]

bosnerdley said:

This is just surface testing, right? Do these levels indicate a good chance of high-grade ore beneath? Hence the drilling?

Bo

right bo,

this is some geophyscial work, took samples, more than likely had it assayed too.

this is out in the middle of nowhere, like the old prospectors did.. tenting it, meals on wheels,( on their feet) , their tools of the trade, a geiger counter..and camping out.. just can't go down to the corner bar, know what i mean..

but, they have a helicopter now a days to get u there and back..

and remember, SDS was drilling up there, so they, ( geologists) were standing by and probably telling them.. drill here.. x marks the spot.

[tramp]

hydrothermal is good.. that means you had water lifting up the minerals up into the rock fractures.. gold is the same way, and many a hi grade gold deposit is with hydrothermals.. did you notice the fault zones? very excellent..

first thing i look for with geological maps.. fault zones.

[bosnerdley]

A little DD:

www.cameco.com/uranium_101/uranium_science/uranium/

"Where are uranium deposits located?
Uranium deposits are found all over the world. The largest deposits of uranium are found in Australia, Kazakhstan and Canada. High-grade deposits are only found in Canada. The following illustration shows known conventional resources of uranium. ..."

Bo

[bosnerdley]

tramp said:

hydrothermal is good.. that means you had water lifting up the minerals up into the rock fractures.. gold is the same way, and many a hi grade gold deposit is with hydrothermals.. did you notice the fault zones? very excellent..

first thing i look for with geological maps.. fault zones.

And from what I know about uranuim, it heats things up. When it heats surrounding H2O, that what causes the hydrothermal alterations...my interpretation.

Bo

[go4it]

bosnerdley said:

A little DD:

www.cameco.com/uranium_101/uranium_science/uranium/

"Where are uranium deposits located?
Uranium deposits are found all over the world. The largest deposits of uranium are found in Australia, Kazakhstan and Canada. High-grade deposits are only found in Canada. The following illustration shows known conventional resources of uranium. ..."

Bo

From the same site....here is some information...

The concentrations of uranium vary according to the substances it is mixed with and according to the places where it is found. For example, when uranium is mixed with granite that covers 60% of the Earth's crust, there are approximately four parts of uranium per million, i.e. 999,996 parts of granite and four parts of uranium.

High-grade orebody - 20% U 200,000 ppm* U
Low-grade orebody - 0.1% U 1,000 ppm U
Granite 4 ppm U
Sedimentary rock 2 ppm U
Average in Earth's continental crust 2.8 ppm U
Seawater 0.003 ppm U
*ppm = parts per million

[bosnerdley]

Yes, go4it, I saw that too, but this PR wasn't about uranium ore. It was testing of surface sandstone for materials that indicate uranuim ore deposits underneath. I'm trying to find out more about surface geology now.

Bo

[go4it]

Can't the amount of Uranium (ppm) tested be used as "Average in Earth's continental crust" and be more than "Average" ?

For me, it sound good....

bosnerdley said:

Yes, go4it, I saw that too, but this PR wasn't about uranium ore. It was testing of surface sandstone for materials that indicate uranuim ore deposits underneath. I'm trying to find out more about surface geology now.

Bo

[tramp]

what they were showing thru their testing, is the average, and their results, and just the other day, sunday, i was looking at a cpl mining sites, and the one is doing mining for molybendum, and moly shot up from $3.00 a lb, to a high, just 2, 3 months ago, at 39.00 a lb.. and closed last friday at 29.75.. so, moly is a high price now, just another feather for us..

oh , moly is scare now too

Le Drew

Boulder sampling highlighted the Le Drew Lake area, near the edge of the Athabasca sandstone. Previous work identified outstanding radon-in-water (uranium pathfinder) anomalies. These were interpreted to coincide with the junction of two major fault systems. The boulder sampling confirms the presence of anomalous uranium values up to 0.89 part per million (median 0.21 part per million) and anomalous lead up to 1.17 parts per million (median 0.53 part per million). A weak, untested geophysical conductor is closely associated with the anomalous boulders.

The boulder sampling program found several other areas weakly anomalous in trace elements and these require more work. One of these is the South Bear property, with uranium values up to 0.56 part per million (median 0.21 part per million), lead up to 2.83 parts per million (median 0.53 part per million) and one sample with 0.4 molybdenum (median 0.05 part per million).

[bosnerdley]

Found a little inf on illite and faults:

segweb.org/AB-Harvey.htm

"...Illitization is present throughout the area, and may be a part of a regionally extensive (up to 30 km) illite halo that encompasses the major deposits in the southern Athabasca Basin (Earle and Sopuck, 1989). Kaolinitization is closely associated with faulting (Hoeve and Quirt, 1984) and strongly overprints illite alteration. Dravitization is also closely associated with faulting in the Athabasca Sandstone with a halo 30 to 60 metres wide."

Bo

[franko10]

very nice pr,.. can't wait till we get our peice of this pie

[hermannmaier0]

www.cseg.ca/conferences/2000/2000abstracts/191.PDF

Athabasca sandstonesWhole rock uranium contents of Athabasca sandstones are generally below 1 ppm, except of some minorsiltstone layers. Uranium contents well above 1 ppm are restricted to alteration halos in the vicinity ofuranium mineralization. Most of the uranium in the sandstone samples, that were not hydrothermallyaltered by uranium-bearing fluids, is bound to detrital heavy minerals like zircon, monazite, and some minorxenotime. The detrital zircons hold between 40 to 80 % of the total uranium contents of the sandstone.