Uranium Star AOLHA2
Wenn die Stimmung auf dem Nullpunkt ist, sollte man nachkaufen !
Die haben noch genug cash und noch zahlreiche Bohrungen vor sich.
Wenn die allgemeine Börsenlage wieder besser ist, kommt auch wieder
Phantasie in die Aktie. Dann noch ein oder zwei Empfehlungen und der
Kurs geht wieder Richtung € 1,--.
Gibt der Aktie noch etwas Zeit.
September 26, 2007
Uranium Star Acquires Option for a 50% Interest in Athabasca-Type Unconformity-Gold-Uranium-Copper-Mineralization Property
TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) - Uranium Star (OTCBB:URST)(FRANKFURT:YE5) is pleased to announce that it has entered into an Option and Joint Venture Agreement (the "Agreement") with Temex Corp. granting Uranium Star the option to earn a 50% undivided interest in Temex's 100% owned Merico Ethel and Yarrow gold-copper-uranium properties located in the Elk Lake area south-east of Timmins, Ontario.
Potential Athabasca-Type Unconformity-Associated Mineralization
The Merico Ethel property, situated near the northern margin of the Paleo-Proterozoic Huronian sedimentary basin, which has recently been recognized by the Geological Survey of Canada for its high potential to host "Athabasca-type" unconformity-associated mineralization (Jefferson et al., 2007), is also host to near-surface uranium mineralization and extensive areas of hematite alteration with grab samples yielding assays up to 1.56% U3O8 and 14.64% Cu. The property also hosts a variety of styles of mineralization including several narrow zones of high-grade, "Cobalt-type" vein systems containing copper, gold, silver, and cobalt mineralization, from which grab samples include assays of up to 22.35 g/t Au, 109.60 g/t Ag, and 23.68% Cu.
The Merico Ethel and Yarrow properties are situated around the margins of the Huronian sedimentary basin. In addition for their potential to host high grade Cobalt-type vein systems containing bonanza gold, silver, etc., Temex recognized the additional potential of the properties to host unconformity mineralization including Athabasca-type uranium deposits. Regional structures such as the Montreal River Fault have clearly influenced the location of mineralization on the Merico Ethel property, and fault reactivation has likely acted to offset the regionally extensive unconformity surface that separates the overlying Huronian sedimentary rocks from the Archean basement to produce excellent structural traps for oxidizing, mineralizing fluids carrying uranium, copper, and gold. The Montreal River Fault is spatially associated with the Archean-age Kidd Creek massive sulphide deposit, the Porcupine and Matachewan gold camps, and the Paleo-Proterozoic Cobalt silver camp.
Exploration and Immediate 3000 Metre Drill Program
A 3,000 metre diamond drill program will begin immediately to test several induced polarization ("IP") chargeability anomalies, including a large northeast trending anomaly with a strike exceeding 1,000 metres and width of up to 800 metres. The source of this IP anomaly is interpreted as a sulphide-related feature at or near the Proterozoic - Archean unconformity. Concurrent with the drill program, a field program consisting of additional line-cutting over the entire Merico property will be carried out, followed by an induced polarization/resistivity ("IP") survey, magnetometer survey, a detailed gravity survey and soil sampling. The IP/resistivity survey will further delineate those anomalies remaining open to expansion and definition and will also be extended to cover the area of the Sauve uranium-copper-gold occurrence located in the north-eastern portion of the property from which grab samples have yielded assays of up to 1.56% U3O8 and 14.64% Cu. Temex will manage the upcoming exploration program.
In order to earn a 50% interest in the properties, excluding the diamond rights, Uranium Star must pay Temex $50,000 on signing and complete $950,000 in exploration expenditures by June 30, 2008. Subject to completing the terms, Temex and Uranium Star will form a 50:50 Joint Venture to further explore the property. Temex retains any diamond rights.
Ian Campbell, President and CEO of Temex commented "We are very pleased to have a company such as Uranium Star working with us on this project and are very excited about the upcoming drill program. The Merico Ethel and Yarrow properties form an integral part of our Latchford Gold Project. They are situated in a very interesting geological environment undergoing new interpretations, thus offering up multiple possibilities for new discoveries."
Kirk McKinnon, President & CEO commented that the Company is very pleased to have underpinned our current portfolio with a quality project like the Merico Ethel Property which hosts the potential for high grade Uranium, Gold and Copper. Equally important Temex has positioned the property for an immediate drill program which provided added incentive for Uranium Star to complete this property deal. We are confident as well that the Temex management and staff possess the experience and knowledge necessary to implement and carry out this exploration program.
Underpinning Shareholder Value
While the Sagar Property in Northern Quebec remains the Company's primary Uranium and Gold exploration target, the addition of the Three Horses Property in Madagascar and now the Merico Ethel Property in Ontario continues to underpin shareholder value and mitigates the risk inherent in all exploration activities. The extensive exploration program at Sagar has been completed and a full report is pending. The company has made provision to ensure the camp at Sagar will be occupied throughout the shut-down period as the company prepares its next major exploration initiative for the Sagar Property.
Uranium Star has applied for and is awaiting Canadian reporting issuer status. Achieving this status is a significant step towards listing on a Canadian stock exchange. As an already NASDAQ listed company, Uranium Star will continue to pursue an additional listing on the TSX Venture Exchange.
Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Kann aber auch bedeuten, dass sie das Sagar Objekt mehr oder weniger abgeschrieben haben ? Oder was meinst du ?
FALL UPDATE
Dear Investors & Shareholders
Uranium Star Corp. (URST.OB)
With the recent completion of an extensive Summer Drill Program and commitment to a full Work Program commencing in the spring, there is much to look forward to over the next few months at Uranium Star Corp. (URST).
Lab assay reports from over 125 cores are expected to be released throughout the month of October. This data will greatly assist in honing in on the source of the exceptional Mistamisk boulders – boulders containing as high as 22 ounces per ton of gold and 16.5% uranium.
The recent addition of two major properties to the company’s portfolio, though unnoticed by Wall Street, in our opinion should not be underestimated. The joint venture with Temex Corp, announced this week over their Merico Ethel and Yarrow prospects in Ontario, brings properties boasting grab samples as high as 1.56% Uranium, 22.35 grams per ton of gold, 109.60 grams per ton of silver and 23.68% copper; with an aggressive diamond drill program planned to commence immediately.
The Three Horses Property in Madagascar acquired earlier this month is a “world-class” VMS (Volcanic Massive Sulfides) property. Bill Nielsen, Uranium Star’s chief geologist, compares it to Nevsun's Bisha Project in Eritrea, a property he was instrumental in discovering and developing to feasibility.
We at Investor Info Service™ believe all this imminent activity and subsequent news is sure to increase awareness in Uranium Star, making this still a ground-floor opportunity to become involved in this issue before the rest of the investment world sees its value.
In short, there is every reason to believe Uranium Star has a bright future. We hope you stay the course and share that future with us.
Investor Info Service™
Toll Free: 1-866-985-6696
uraniumstar@investorinfoservice.com
Aber die Hoffnung auf baldige, bessere Kurse ist wieder aufgeflammt.
evtl. neue Bohrresultate