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[IIBI]

Yukon Resources Initiates First Phase Exploration Program on its Highly Prospective Sagar Property


2006-07-13 09:15 ET - News Release

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/13/06


Yukon Resources Corp. (OTCBB: YUKR)(FWB: YE5) is pleased to announce that it is in the final stages of arranging the logistical support work for its 2006 field program on its highly prospective Sagar Uranium - Gold - Copper Project located in the Labrador Trough area of northern Quebec. The exploration program will commence on July 20th in conjunction with the required work permits being granted.

GEOVECTOR MANAGEMENT

GeoVector's consulting geologists and geo-physicist will oversee all exploration activity and have spent the last two months assembling a platform of current and new data to support Yukon's initial exploration activity. This included a comprehensive upgrading of the GIS database including reprocessing of the 1994 Kennecott airborne magnetic/EM/radiometric data and the 1997 Inmet gravity data. This has allowed outside experts to complete detailed structural and geochemical studies that have identified new target areas and reinforced targets previously recognized by Yukon's consultants.

The planned work programs will include a water survey, designed to provide a property wide layer of geochemical information by collecting 6 samples per km2, with an increase in sample density to 10-12 samples per km2 in 8 specific areas. These target areas consist of numerous high-grade uranium, gold and copper anomalies that are associated with large scale structures identified from the GIS database. This work will be conducted in conjunction with Robert Jackson, a geochemist who examined the GIS data for the Sagar Project and created a proposal for the water-sampling program. GeoVector strongly recommended that this program be undertaken.

Roman Tykajlo, GeoVector's in-house geophysicist reprocessed the 1994 Kennecott airborne magnetic/EM/radiometric data and the 1997 Inmet gravity data, and downloaded and georegistered a Landsat image for the Sagar area.This information was provided to Paul McNeill for his structural study (see below), and forms part of the updated GeoVector GIS project. Roman also inferred a number of faults from the data, and his thoughts on possible targets are incorporated into the description of targets.

Paul McNeill, a structural geologist also reviewed the Sagar GIS data and in conjunction with GeoVector generated a significant number of high priority targets. This fieldwork is intended to quantify McNeill's and GeoVector's area selections and elevate them to drill targets.

SAGAR CAMP FACILITY

The Sagar Exploration Program will be staged from a totally refurbished camp located near the center of the claim group situated approximately 120 kilometers northwest of Schefferville, Quebec. The program will require a field crew of up to 15 personnel utilizing helicopter support.

SAGAR PROPERTY - A JOINT VENTURE WITH VIRGINIA MINES

The property is characterized by an impressive amount of uranium, gold, copper and lead/zinc mineralization of different styles and potential deposit models.

The most spectacular mineralization found to date is the 500 x 200 meter Mistamisk boulder field, which consists of 150 boulders with individual samples averaging 50 grams/ton gold and 0.3% uranium (up to 474g/t Au and 0.36% U). Despite a considerable amount of work carried out by various operators in the past, the source and genesis of the boulders has yet to be defined.

The Sagar Property has also shown good upside potential from previous ground mapping and prospecting, with discoveries of Uranium-Gold showings in albitized sediments:

- Viking showing with grab samples as high as 223 grams/ton gold and 0.1% uranium

- Eagle showing with grab samples as high as 5.4 grams/ton gold and 1.0% uranium

- Kish showing with grab samples as high as 1.0 grams/ton gold and 1.0% uranium

There is also a distinct possibility that an unconformity type of uranium deposit may be present and the search for this deposit type will form a major part of the exploration work this summer.

In addition, Quaternary investigations will be undertaken to determine glacial deposition and dispersion directions. This work is designed to locate the source of the +150 high-grade gold and uranium boulders that occur on the property.

The bulk of the field work will consist of extensive prospecting and reconnaissance geological mapping, concentrating on areas previously recognized as containing promising uranium, gold and copper showings. The field crews will be equipped with scintillometers and spectrometers for evaluating the numerous uranium anomalies discovered during previous exploration programs.

The goal of the 2006 fieldwork will be to define specific areas for detailed ground geophysical studies and to develop drillable targets for continuing exploration programs. The field program will be carried out under the direction of GeoVector Management Inc. and includes outside experts in structural, geochemical and Quaternary studies and fieldwork.

EXPLORATION BUDGET FOR SAGAR

The proposed budget to complete the Summer 2006 Phase 1 Exploration Program is estimated at $700,000 CDN. There is some flexibility to expand the program as required and the program is intended to quantify the drill targets for the next phase of Exploration.

OTHER PROPERTIES

- Arizona: Based on GeoVector's preliminary analysis and recommendations, Yukon is currently adding to its land position in Arizona. The company is focused on areas of earlier exploration and mining success, including Gila County.

- Finland: Yukon has recently acquired 20 claim reservations in Finland covering 150 square kilometers. Recent diamond drilling in the area by Agricola Resources intersected drill holes with widths of over 7 meters with the best assays being returned at 0.33% Uranium.

Safe Harbour Statement: Under the Private Securities Litigation Reform Act of 1995: 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.


Contacts:
Yukon Resources Corp.
Investor Information Services
Toll Free: 1-866-985-6696
[e-mail]

Yukon Resources Corp.
Kirk McKinnon
President and CEO
[phone]

Yukon Resources Corp.
Richard Schler
Vice President and CFO
[phone]
www.yukr.com

[Pennystock777]

RETRANSMISSION: Yukon Identifies Potential Source Area of Mistamisk Boulder Field on its Sagar Uranium/Gold Property and Completes Second Phase of Exploration
Yukon Resources Corp. (Yukon) (OTCBB: YUKR)(FWB: YE5) is pleased to announce that its 2006 exploration activities have generated the necessary information resulting in Yukon's belief that the potential source area of the Mistatmisk Boulder Field has now been identified.

MISTAMISK MYSTERY

The spectacular mineralization found in the Mistamisk Boulder Field has fueled an ongoing drive to discover its source since the late 1980's. The Mistamisk Boulder field is approximately 500 X 250 meters in size and contains many radioactive boulders. In a Virginia Mines report, 70 boulders assayed an average of 64.9 g/t Au and 1.3% U (with values up to 640 g/t Au and 4.11% U ). Yukon is the direct beneficiary of the extensive exploration efforts conducted by Virginia Mines and other past operators. These programs have shown that the Sagar Property is characterized by an impressive amount of uranium, gold, copper and lead/zinc mineralization of different styles and potential deposit models.

Armed with this historical data, Yukon, in the summer/fall of 2006 conducted an extensive field exploration program discovering highly mineralized uranium boulders to the north and south of the Mistamisk Boulder field. Quaternary work has confirmed the direction of the ice flow that produced the boulder field and initial water sample results have produced distinct uranium anomalies up ice of the boulder field. Yukon now believes that the potential source area of the boulder field has been identified and is planning a Winter Drill Program to test this hypothesis.

A property-wide water survey was carried out in July/August, with the objective of delineating concealed U-Au-Cu targets. Preliminary interpretation of these results indicates that the most extensive and consistent uranium anomaly on the Sagar property occurs in an area centered approximately 2 km south of the Mistamisk Boulder Field.

ROYAL MONTREAL GRID WATER SURVEY RESULTS AND RADIOMETRIC ANOMALY

Yukon has now received the complete results from a 600-sample water survey undertaken in July/August, 2006.

The water survey anomaly is approximately 2.5 km long and up to 600 m wide, oriented in a northwest direction. It is coincident with the radiometric anomaly delineated on the Royal Montreal grid during the September ground geophysical program, which may represent part of a radioactive dispersal fan. Quaternary investigations during July/August led to the interpretation of a predominantly northward direction of glacial transport and a relatively short transport distance (less than 5 km). The combination of geochemical and geophysical anomalies in locations consistent with the interpretation of up-ice transport direction and distance from the boulder field is regarded as particularly encouraging.

FINDING THE SOURCE - 3D MODELING & DRILLING

Yukon believes the potential source area of the Mistamisk Boulder Field has now been identified and the paucity of outcrop in the area of the water anomaly suggests that any mineral occurrence is concealed. Yukon also believes that further investigation of the Quaternary geology in three dimensions in conjunction with a winter drill program will be necessary to isolate the exact location of the Mistamisk Boulder Field source.

SECOND PHASE EXPLORATION PROGRAM SUMMARY

This program consisted mainly of line-cutting, radiometric and magnetometer surveys with additional prospecting and geological reconnaissance. The exploration program was designed and implemented by GeoVector Management Inc. (GeoVector), of Ottawa, Ontario.

A total of 98.4 km of line were cut on five separate grids, including the key Royal Montreal Target, located south of Mistamisk Lake, the Crowbush target located on a major east-west structure, and three grids on the St George's target located on the eastern margin of the horst (Osprey, Le Geant and Redtail). Approximately 90 km of radiometric and 80 km of magnetic surveying were conducted on the cut lines. A large radiometric anomaly was defined over the Royal Montreal target and radiometric anomalies were also defined on the Osprey and Redtail grids, over known uranium showings. Induced polarization surveys will be conducted on selected grids in the winter, as well as on new grids in areas that were water covered during the summer exploration programs.

Bill Nielsen (P.Geo.) is the Qualified Person for all the technical information contained in this press 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.



Source: Market Wire (October 12, 2006 - 9:03 AM EST)

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www.quotemedia.com

[richardkarlsen]

Guten Nachrichten für die, die wie ich schon lange durchhalten und nie ihr Vertrauen an das Unternehmen verloren haben!!!

[IIBI]

heute nachbörslich Finanzierung mit DUNDEE SECURITIES bekanntgegeben!!!

Das ist heiß!!


IIBI

[stevensen]

Hallo!
Wieso wird das investieren in URST mit Roulett verglichen; kann ich so nicht akzeptieren. Schließlich wurden vom früheren Linzenznehmer/Besitzer Virginia Mines Arbeiten durchgeführt und dokumentiert; die von sehr hohen Gehalten an Gold u. Uran auf der Lagerstätte "Mistamisk" ausgehen. Normalerweise sind dann auch spätere Bohrungen erfolgreich. So habe ich das schon oft bei anderen Explorern erlebt. Warum sollte es nun gerade bei URST anders laufen? Das Uran und Gold löst sich ja schließlich nicht in Luft auf. Bitte um Antworten.Vielen Dank imvoraus.
MfG

[sneake]

Gute frage kann ich dir aber auch nicht beantworten.warum verkauft eigentlich virginia minds sowas.warum stellen sie nicht selber bohrungen an?gerade weil ja der gehalt so hoch ist würd ihc doch selber was auf die füße stellen.

[chinstor]

Antwort auf Beitrag Nr.: 29.269.903 von sneake am 11.05.07 15:04:05

Die Experten konnten die Quelle nicht finden und dachten, dass URST uagezeichnete Geologer hat und vielleicht mehr Glück hätte, die Quelle zu finden. Deshalb wurde SAGAR an URST verkauft.

[sneake]

tja dann hoff mal das alles gut geht.

[sneake]

Antwort auf Beitrag Nr.: 29.271.401 von chinstor am 11.05.07 16:27:48

Wieso plant da einer ne sehr große anzahl Akiten zu verkaufen??

URANIUM STAR CORP: Insider Planned Sales

05/31/07 MCCULLAGH WILLIAM 224,000 $324,800
04/16/07 MCCULLAGH WILLIAM 424,000 $571,600
03/13/07 SCHLER RICHARD E 271,333 $325,600
02/28/07 MCCULLAGH KERRY 501,000 $600,000
02/28/07 POW RANDALL 501,000 $600,000
02/28/07 NORMAN LUKE 15,000 $13,050
01/30/07 PARFITT DAVID 112,000 $147,500
01/25/07 DONALDSON THORNTON J 600,000 $792,000
11/09/06 FRANK OLIVER 10,000 $7,900
11/09/06 GKM HOLDINGS LTD 20,000 $15,800
11/09/06 POW WARREN 10,000 $7,900
11/09/06 SIDHU JAGROOP 20,000 $15,800
10/25/06 MA LU 10,000 $6,300

[sneake]

Antwort auf Beitrag Nr.: 29.364.954 von sneake am 17.05.07 22:40:35

Hier der Link dazu.

http://moneycentral.msn.com/investor/invsub/insider/planned.…

[sneake]

[Tscholle]

Antwort auf Beitrag Nr.: 29.405.943 von sneake am 21.05.07 17:07:19

[bullle100]

bitte schreibt doch in den größeren tread.... !!!!!!!!

[sneake]

Die werden anscheinend wohl nix gefunden haben und deshalb verkauft er seine aktien.
Tja und damit sie wenigstens irgendwas finden suchen sie immer noch damit sie dann doch noch ne news bringen können.

vermut ich mal.