Crosshair Exploration & Mining Corp. report diamond drill results from the 2008 summer program on its Central Mineral Belt (CMB) Uranium Project in Labrador. All six holes drilled at Area 1 intersected uranium mineralization, highlighted by:
- 0.09% U3O8 over 5.63m (from 326.86m to 332.49m) and 0.08% U3O8 over 4.96m (from 289.42m to 294.38m), both part of a wider zone grading 0.03% U3O8 over 47.57m (from 289.42m to 336.99m) in drill hole ML-A1-55; and
- 0.26% U3O8 over 2.40m (from 176.70m to 179.10m) within 0.09% U3O8 over 6.90m (from 174.70m to 181.60m) in drill hole ML-A1-54.
Four of the six holes were drilled approximately 1 kilometer (km) east of the Area 1 (“Trout Pond”) resource and therefore fall half way between Area 1 and the C Zone. All drill holes intersected mineralized intervals in hematized and brecciated mafic volcanic rocks similar to those at the C Zone and Area 1. This adds further evidence of the existence of a 4.5 km long uranium mineralized trend extending from Armstrong to the C Zone. The true width of the mineralized zone is expected to be less than the intersected width in ML-A1-55, as it is felt that the zone was tested obliquely in this area.
“It is exciting to see that not only do we have resources at the northern (C Zone), central (Area 1) and southern (Armstrong) ends of the 4.5 km long corridor, but we are now also starting to join these areas together,” says Mark Morabito, President and CEO. “All areas remain open for expansion and our next program will continue to define the corridor by linking up all of the existing resource zones.”
Current drill plan maps and complete assay highlights are posted on the Company website at: http://www.crosshairexploration.com/s/Area1.asp.