Northern Continental reports exploration results at Russell Lake
by Jo Black

Northern Continental Resources Inc. (Northern Continental) announced preliminary results from an exploration program of diamond drilling and geophysical surveying at the Russell Lake Uranium Project, located in the Athabasca Basin of northern Saskatchewan, Canada.
Russell Lake is a joint venture between Northern Continental and Hathor Exploration Ltd. (Hathor), in which Northern Continental holds a 60% interest and Hathor holds a 40% interest.
Northern Continental is currently the operator of the Project. Russell Lake lies within the Key Lake-MacArthur River corridor, one of the most prolific uranium mining districts in the world.
Highlights of the 2008 Winter Exploration Program:
Sixteen drill holes totalling 7,610.7 metres were completed on the Fox Lake Trail, Taylor Bay, Blue Steel, Grayling Zone and Grayling East target areas;
Anomalous uranium mineralisation was encountered in two of the target areas, which has greatly advanced the current exploration focus.
A grade calculation from gamma probe data for Fox Lake Trail hole FLT-08-05 returned a U3O8 equivalent value of 0.157% U3O8 over 0.20 metres, and Taylor Bay hole TB-08-05 encountered a interval of anomalous mineralisation grading 0.062% U3O8 over 0.22 metres.
Several other holes intersected anomalous alteration, structures and basement geology considered favourable for uranium mineralisation;
Extensive ground geophysical programs were carried out to locate and define future drilling targets.
Geochemical analyses from drill core samples are still being received, compiled and interpreted.
Add to Bookmarks:
Related posts to: Northern Continental reports exploration results at Russell Lake
Detour Gold’s drilling results ...
Pelangio reports increase in mineral resources at Detour Lake ...
Colorado Goldfields hires Geological Engineer ...
Wildcat to start drillig at Foster River Zinc project ...
VMS Ventures provides drilling results ...
Latest Metals News:
Copper, aluminium prices climb as other base metals fall
Copper up in London; inventories fall, cancelled warrants rise
Copper gains on US jobs data, China comments
Copper up on weaker dollar
Copper prices climb after Chile quake
Metals prices mixed in New York, London
Gold down slightly in NY on stronger dollar
Copper prices up after last week’s declines
Copper, other metals continue price declines
Copper in big declines on economic concernsPrevious: « EXMIN provides drilling results at Moris exploration project
Next: Sterling Mining 100% successful in Litigation »
Visited 2906 times, 1 so far today