Uranium Star Commences Resource Definition Drill Program on
Green Giant Vanadium Project in Madagascar
October 1, 2009
Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5) (Uranium Star or the Company) announces it has commenced its first-phase resource definition drill program on its 100% owned Green Giant Vanadium Project in Madagascar.
Drill Program Details
The exploration program will consist of approximately 8,000 metres and will be targeted for completion prior to the annual rainy season, which begins in late November and continues through to March. The initiation of this first-phase resource definition drill program signifies that Uranium Star is further advancing its vanadium project.
Two diamond drills have been contracted from Boart Longyear to perform the drilling. The initial focus will be to define significant widths and grades of vanadium mineralization. Based on previous exploration results, the Company has been able to verify that the primary vanadium trend hosts an extensive and continuous mineralized zone with a strike length of approximately 18 kilometres.
The initial drill sites were generated from significant data accumulated from the 31 hole drill program in 2008 and the XRF soil geochemical program, as well as the extensive trenching program, totaling 8,168 metres, that was completed in July of this year.
The trench results indicated that the near-surface mineralization has widths that exceeded the Companys initial expectations. Significant grades of vanadium mineralization were visible over widths exceeding 150 metres, with a high-grade core having grades in excess of 0.70% V2O5. The average width of vanadium mineralization is in excess of 60 metres.
Companys Goal to Drill 35,000 Metres, Targeting Minimum 200 Million Tonne Deposit
This current drill program on the Green Giant Project will represent a significant portion of the estimated 35,000 metres that the Company expects to drill in order to calculate a NI-43-101 compliant resource statement and complete a bankable feasibility study on the Project. The Companys objective is to define a minimum of 200 million tonnes of mineable vanadium mineralization.
Engineering Group on Way to Madagascar
Uranium Star engaged PEG Mining Consultants Group in the spring of this year. They have been completing additional metallurgical work and an order of magnitude study. The order of magnitude study will provide an initial estimate of all parameters dealing with the deposit, including mining, processing, infrastructure, capital and operating costs. This work will provide additional guidance for the upcoming drill program and a future Preliminary Economic Assessment (PEA).
They will also provide initial assistance to Uranium Star in the socioeconomic, environmental and marketing aspects of the Project.
Trench Result Highlights
Uranium Star has recently received the assay results from the completed 55 trenches on the main vanadium trend that extends along an estimated 18-kilometre length of the property. Assay highlights are as follows;
0.56% V2O5 over 190 metres, including 0.96% V2O5 over 32 metres for trench TR-09-002
0.51% V2O5 over 204 metres, including 0.98% V2O5 over 44 metres for trench TR-09-039
0.48% V2O5 over 48 metres for TR-09-044, and 0.0.48% V2O5 over 62 metres for TR-09-050
A complete table of assay results for V2O5 from the 55 trenches completed earlier this year can be found at the end of this press release.
2008 Drill Highlights
The 2008 drill results indicated that the near-surface vanadium grades are enhanced over those from primary mineralization. The following have been recalculated from previously published drill results with excess internal waste being eliminated from a number of intersections.
Highlights are as follows:
Depth in Metres
About the Company
Uranium Star Corp. is a rapidly emerging exploration company with assets in Madagascar (Vanadium) and Northern Quebec (Uranium). Its shares are traded on the OTCBB under the symbol URST and on the Frankfurt Exchange under the symbol YE5. The Company has formally applied to the TSX Venture Exchange for issuer status.
Bill Nielsen, P.Geo., Director & Vice President of Exploration is responsible for the advancement and execution of the necessary criteria relating to the Green Giant Project in Madagascar and is the qualified person for this report. Taiga Consultants Ltd. is overseeing Uranium Stars exploration activities in Madagascar under the direction of Claude Aussant, P.Geol.
For more information on the Green Giant Project and up-to-date pictures from the field, please visit our website at www.uraniumstar.com
Vice President of Business Development
Julie Lee Harrs
President & COO
Uranium Star Corp.
Toll Free: 800.818.5442 or 416.364.4911
WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.
NSV = no significant values
Average Major intersection 62 meters @ 0.43% V2O5