The three holes, WAT10-079, 081 and 083B, have intersected 7.5mt of 1.89% U308, 6.5mt of 2.16% U308, and 7.5mt of 3.83% U308 respectively.
The J-Zone at the Waterbury Lake uranium project in the Athabasca Basin, Saskatchewan, is currently defined by 25 drill holes over an area of 90m x 50m and remains open along strike and to the north and south.
All drill intersections are associated with a broad continuous zone of alteration extending from several meters above the unconformity to >25mt below the unconformity, with mineralization occurring within this altered system. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.
Assays are pending on the remaining seven drill holes, which further extended the J-Zone’s east-west trending mineralized strike length to approximately 90mt and 50mt wide, north-south, and from mineralized holes 92A and 94A which extend mineralization 130mt to the west and 70mt to the east respectively of the J-Zone at the time the Winter 2010 drill program was completed.
In addition, assays are pending on nine other regional drill holes: WAT10-062, 078, 080, 082, 084, 086, 088 and 090. The J-Zone remains open in all directions.
Follow-up drilling at the J-Zone, in addition to testing other high priority land based targets is planned for the summer.
