Uranium Star AOLHA2
Uranium Star found strong uranium geochemical signatures at the Sagar property that correspond with historical radiometric data. Utilizing newer geochemical technology the recently completed work identified anomalous uranium values within the water. This water has been impregnated by minerals as it runs over the bedrock and then percolates up to the surface where it was sampled. What this means is that there is a confirmed uranium presence within the target zone currently being drilled.
Yellow = STRONG
Light red = STRONGER
Red = STRONGEST
During the last ice age, a glacier moved in a south to north direction through the Romanet Horst and the Sagar property. Uranium Star believes the glacier sheared the top off a major east-west structure roughly 2.5 km south of the boulder field. As the glacier moved it carried the boulders along, depositing them in the now identified Mistamisk Boulder Field. When the glacier receded it left the the Mistamisk Boulders which have high concentrations of uranium and gold on the surface. The Horst is bounded by two high walls that channeled and impeded the movement of the glacier. The formation of the horst with its high walls means that the rock that the Mistamisk Boulders are composed of necessarily comes from a limited area. This area is within the Uranium Star target zone currently being drilled.
Uranium star, using geophysical and magnetic survey data, has been able to identify a major east-west structure with a “fold-nose” on the west side. This structure is likely to have trapped forming mineralization. This east-west geological structure is within the Uranium Star target zone currently being drilled.
Uranium Star Corp.
OTC Bulletin Board: URST
FRANKFURT: YE5
July 5, 2007
Uranium Star Provides Exploration Program Update for the Sagar Property in Northern Quebec
Uranium Star Corp. (OTCBB:URST)(FRANKFURT:YE5) is pleased to provide an update on exploration activities
on the Sagar property in Northern Quebec.
In one of the more promising target areas on the property anomalous uranium was detected from soil samples
using the InnovXsystems-X50 XRF mobile analyzer. Subsequent prospecting in the area yielded radiometric
readings from 5,000 to greater than 10,000 counts per second (CPS). Past work has indicated that anomalous
gold was also present in the overburden.
This is a significant step forward in defining specific drilling targets on the property. A reverse circulation (RC)
drill has been repositioned to work on this specific target area. Drilling is currently underway.
In order to protect Uranium Star’s interest in the area, 13 additional claims have been acquired along the western
boundary of the Sagar Property. These claims are adjacent to the highly prospective area described above.
To date, the Summer 2007 program has completed 11 reverse circulation drill holes and 4 diamond drill holes.
In excess of 3,500 soil samples, have been collected and are continuing to be analyzed onsite.
Other target areas on the property have also shown distinctly anomalous situations and will be followed up with
either reverse circulation and/or diamond drilling.
The above exploration activity is occurring as scheduled and is designed to identify the potential source area of
the Mistamisk Boulder Field as well as other potential sources of gold and uranium mineralization. This boulder
field, which is approximately 500 X 250 meters in size contains many radioactive boulders. In a Virginia Mines
report, 70 boulders assayed an average of 1.3% Uranium (U) and 64.9g/t Gold (Au), with values up to 4.11% U
and 640 g/t Au.
Kirk McKinnon, President and CEO of Uranium Star, commented that “We have always believed that where
there is smoke, there should be fire. We are now just beginning to see some indications of flame at the Sagar
property.”
ABOUT THE COMPANY
Uranium Star Corp. is a rapidly emerging uranium exploration company with assets in Northern Quebec and
Arizona. Its shares are traded on the OTCBB under the symbol URST, as well as the Frankfurt Exchange under
the symbol YE5. The Company continues to focus on high priority uranium property acquisition and exploration
in order to participate in meeting the significant and increasing demand for uranium as an alternative energy
source.
QUALIFIED PERSON
Craig Scherba, PGeo, is the qualified person on the project and supervised the preparation of the technical
information in this release.
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.
CONTACT INFORMATION
bitte anworten das ich morgen ohne sorgen in den urlaub fahren kann !!!
manche dinge kann ich mir nicht erklären ;) !
dann hoffe ich habt ihr eine antwort darauf, warum der kurs in den USA viel höher ist, als der in frankfurt?
USA gerade 0.52$ und hier etwa 0.34€ (=> 0.52$x1,37€ => 0.71€!!!).
kann man das überhaupt zusammenhängend betrachten?
ich meine dass der kurs exakt gleich ist, das habe ich noch nie gesehen, aber meist liegt er doch sehr nahe beieinander.
Wäre nett, wenn jemand eine Antwort parat hätte.
Gruß
dann kommst du so auf 0,38 EUR
ja dann passt das auch ja wunderbar. keine weiteren fragen! ;)
Für das heutige Hochschnellen des Wertes (allerdings bei geringem Umsatz) kann es m.E. mehere Gründe geben:
- charttechnische Rebound-Überlegungen
- es wird mit der Phantasie "gezockt"
- es ist etwas "durchgesickert"
Letzteres konnte ja beim ersten Bohrprogramm nicht passieren, da nichts gefunden wurde!
Die Firma setzt jetzt wohl selbst Untersuchungsmethoden ein, die zunächst auf den Zählraten des radioaktiven Zerfalls beruhen. Es ist noch ein weiter Weg, bis eine von einem anerkannten Labor bestätigte NI-43-101-Studie oder gar eine bankfähige Machbarkeitsstudie erstellt ist!
Ich bin bei 0,78 € eingestiegen und hätte (idealerweise) bei 1,20 € verkaufen sollen, um jetzt wieder einzusteigen. Habe ich nicht getan. Uranium Star bleibt spannend!
Gruß
taxus
dann weißt du es
Uranium star .. 1,390,000 aktien ist schon sehr viel
15 % hoch am Freitag
star Uranium dagegen nur 210,0 vol. 13 % hoch
also würde ich Uranium star den vorzug geben .. lol