Unity Identifies Targets at Lampin Lake, Athabasca Basin
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/13/11 -- Unity Energy Corp. (TSX VENTURE: UTY) ("Unity" or the "Company") is pleased to announce that it has identified five distinct exploration target zones at its Lampin Lake Uranium Project, which adjoins UEX's Hidden Bay Project and is located approx. 16km southeast of Hathor's Roughrider discovery. The zones were identified through a detailed analysis of VTEM data, historical Bouguer Gravity and diamond drilling to the south by Cameco (Dawn Lake Project).
Zones A, B and C are were identified through the VTEM as conductive anomalies that exist within magnetic lows that could not be explained by surface features, conductive lake or stream sediments. Zones D and E were identified as highly conductive anomalies that exist within a magnetic low. Zone C is particularly interesting. This approx. 1.5km long zone is open to the west and roughly parallels the Q12-A Zone, a conductive series that lies less than 500m south of Lampin's southern boundary in the Telephone fault. Exploration of the Q12-A EM conductor, by Asamera and subsequently Cameco, led to the discovery of a large alteration zone. The best hole Q12-A-009 (1982) intersected approx. 4.0m of 0.13% uranium mineralization at a depth of 196m, this being at the unconformity. It is the Company's hypothesis that mineralization is controlled by a faulting structure that exists within the boundaries of the Lampin Lake Project, just to the north of the conductive series. An "off-conductor" exploration model, along the lines of Hathor's Roughrider Deposit, Denison's Phoenix Zone or Cameco's Millennium Deposit, has been proposed.
The proposed exploration model is that the deposition of uranium mineralization exists within an alteration zone which is often marked by a graphitic horizon which can be highly conductive and therefore detectable by geophysical techniques. Magnetic lows in the survey may indicate possible faulting or breaks in the basement rock through which mineralized fluids have penetrated and deposited uranium at the basement or within the overlying sandstone. Together, the existence of a conductor in association with a magnetic low can form a compelling exploration target. The company's next step is to examine conductivity depth sections along prospective VTEM flight lines to model cross sections of the target zones. If warranted, targets would then be examined by ground geophysics and then diamond drilled.
Dr. Peter Born P.Geo., the Company's Qualified Person and Director, has not reviewed the original drill logs, assays or core of historic drilling. Geological and exploration information contained in this release is derived from sources believed to be credible.
On Behalf of the Board of Directors of Unity Energy Corp.
Anita Algie, B.Sc. Hon, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Unity Energy Corp.
Anita Algie, B.Sc. Hon
President
604-681-0004
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Datum: 13.09.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 65365
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VANCOUVER, BRITISH COLUMBIA
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Oil & Gas
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