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« Laramide Resources: Up 8.32% yesterday! | Main | Olympic Dam: More uranium! »
Friday
Oct052007

Aurora Energy Resources Inc: Update

Aurora logo 05oct07
Aurora Energy Resources Incorporated have recently announced their findings in five new drill holes at Jacques Lake Deposit in Coastal Labrador.

The company reported that the results: ‘have all intersected uranium mineralization, expanding the size of the Jacques Lake Deposit along strike by 50 metres and more than 150 metres down-plunge.’

They listed the highlights as follows:

0.13% U3O8 over 36.5 metres in drill hole JL07-066
0.16% U3O8 over 12.00 metres, including 0.27% U3O8 over 4.00 metres at in drill hole JL07-070.
0.11% U3O8 over 12.00 metres and 0.12% U3O8, over 3.31 metres in drill hole JL07-065.

From the drilling programme carried out last year, the Jacques Lake deposit contains 5.4 million pounds U3O8 indicated and 5.0 million pounds U3O8 inferred. The 2007 drill programme continues until the end of the year, which will then be followed by a winter working programme of extensive in-fill and delineation drilling. But for now the focus will be concentrated on expanding the deposit at depth and along strike. This is an aggressive action plan by Aurora with 75,000 metres of drilling this year, costing in the order of C$21 million.

To read the article in full which is on their web site please click this LINK.


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