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Silver Spruce Resources Inc. and Universal Uranium Ltd.: 30 Meters of 0.11% U308 Discovered at Two Time Zone
3/1/2007
Highlights
- Higher grade intersection of 30m of 0.11% U3O8
- Wide zone of uranium mineralization intersected - 107m of 0.052% U3O8
- Highest grade intersection to date - 3m of 0.312% U3O8 including 1.19% over 0.4m
BRIDGEWATER, NOVA SCOTIA and VANCOUVER, BRITISH COLUMBIA, Mar 1, 2007 (CCNMatthews via COMTEX News Network) --
Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) and Universal Uranium Ltd. (TSX VENTURE:UUL) are pleased to announce that continued drilling at the Two Time Zone, located on the CMBNW claim block, to the east of Snegamook Lake in central Labrador, has further defined the wide zone of uranium mineralization intersected in the December diamond drilling program. Results have been received from one new drill hole, and the extension of another. The new hole, CMB-07-6, gives the highest grades and thickest widths discovered to date.
The drilling targeted a radioactive anomaly, the Two Time Zone. The best mineralization was located in DDH CMB-07-6 drilled under DDH CMB-06-5 at a 50 degree dip, intersecting the zone between 150m and 200m deep. This hole intersected 107m of 0.052% uranium oxide (U3O8) from 172m to 279m, including higher grade zones: 0.11% U3O8 over 30m from 172m to 302m including 0.312% U3O8 over 3.0m from 172m to 175m. This is the deepest intersection to date and indicates that the zone may be increasing in size and grade to depth. The host for the mineralization is an altered, brecciated and fractured felsic intrusive, monzonite to monzodiorite, which carries extensive chlorite, carbonate and hematite alteration.
"We are very excited by this new discovery," stated Lloyd Hillier, President and CEO of Silver Spruce. "These results further indicate the potential presence of a large economic uranium deposit on our ground."
At the start of the 2007 drill program, DDH CMB-06-5 was extended 85.4m from 140.2m to 225.6 m. Uranium mineralization was located in the interval between 170m and 195m giving three zones, two grading 0.02% to 0.03% U3O8 and the third zone graded 0.088% U3O8 over 3.4m from 180.8m to 184.2m.
The uranium zone appears to be near vertical to steeply dipping to the east at 75 to 80 degrees, indicating that drill intersections are probably one half to two thirds true width.
The zone has been traced over a 200m plus strike length from Line 1+25 N where CMB-06-2 gave 71.5m of 0.015% U3O8 to Line 0+50 S, where CMB-06-5 gave 59.2m of 0.024% U3O8. It appears to narrow to the north, where CMB-06-1 gave 15.8m of 0.033 % U3O8. Stronger mineralization is located in the southern portion of the grid where anomalous soil geochemistry indicates the zone may continue under a small pond. A total of five shallow holes at -45 degrees dip, totaling 812m, tested the zone in December. The two holes reported on in this press release bring the total drilled to 1257 m in 6 drill holes. Diamond drilling is continuing and further results will be released as received.
Selected analytical values for the sections sampled are shown in the table below. A plan map of the drilling, plus a section through DDH's 3, 5 and 6, are shown on Silver Spruce's and Universal Uranium's websites.
TABLE 1 ANALYTICAL RESULTS Diamond Drilling - CMBNW Property - Two Time Showing---------------------------------------------------------------DDH # From To Length % U3O8 lbs / ton m U3O8---------------------------------------------------------------CMB-06-1 41.7 57.5 15.8 0.0326 0.65 incl. 41.7 44.8 3.1 0.0494 0.99 incl. 42.9 43.6 0.7 0.14 2.8 incl. 42.9 43.1 0.2 0.28 5.66 incl. 51.3 53.3 2.0 0.0546 1.09---------------------------------------------------------------CMB-06-2 90.0 161.5 71.5 0.0148 0.30" 126.2 126.6 0.4 0.104 2.08" 136.1 139.9 3.8 0.0394 0.79---------------------------------------------------------------CMB-06-3 83.5 165.9 82.4 0.0211 0.42" incl. 83.5 107.5 24.0 0.0404 0.81" incl. 86.8 93.7 6.9 0.0561 1.12" 100.8 102.4 1.6 0.13 2.6" 106.1 107.5 1.4 0.13 2.6" 159.8 161.9 2.1 0.0766 1.53---------------------------------------------------------------CMB-06-4 No Samples Taken---------------------------------------------------------------CMB-06-5 44.0 103.2 59.2 0.0238 0.48 46.0 56.0 10.0 0.0417 0.83 97.2 97.5 0.3 0.1639 3.28------------------------------------------------------------------------------------------------------------------------------CMB-06-5 ext 169.9 172.0 2.1 0.021 0.42 180.8 184.2 3.4 0.088 1.76 189.6 195.2 5.6 0.031 0.62---------------------------------------------------------------CMB-07-6 172.0 279.0 107.0 0.052 1.04 incl. 172.0 202.0 30.0 0.11 2.2 incl. 172.0 175.0 3.0 0.312 6.24 incl. 177.3 173.7 0.4 1.19 23.8 and 179.0 187.0 8.0 0.137 2.74 and 192.0 198.0 6.0 0.143 2.86 303.0 307.0 4.0 0.05 1.0---------------------------------------------------------------All core showing significant scintillometer values was cut and analyzed. Nosamples were taken from CMB-06-4 since scintillometer values were low andfelsic/mafic units were interfingered. Core samples were halved by sawingon site, with one half sent for analysis and the other half retained forfurther study. Analyses were performed by Activation Laboratories inAncaster, Ontario, an approved, accredited laboratory, using the delayedneutron activation technique, which gives accurate results for samplescarrying up to one percent uranium.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
ABOUT THE CMB NORTHWEST 2 PROPERTY
The CMB northwest block is part of the Silver Spruce/Universal Uranium CMB/Seal Lake joint venture previously announced.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 8,500 claims totaling more than 2,100 square kilometers, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. A large-scale exploration program on the company's properties in the summer of 2006 resulted in the first uranium discovery in October from early stage follow up of the airborne surveys. With experienced partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Labrador.
ABOUT UNIVERSAL URANIUM
Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
SOURCE: Silver Spruce Resources Inc.
Silver Spruce ResourcesHead OfficeGordon Barnhill, CFO & Director(902) 527-5700(902) 527-5711 (FAX)Email: gbarnhill@silverspruceresources.comWebsite: www.silverspruceresources.comAscenta Capital Partners Inc. - Investor RelationsKeir Reynolds(604) 684-4743 ext. 231 orToll Free: 1-866-684-4743 ext. 23Email: keir@ascentacapital.comWebsite: www.ascentacapital.comUniversal UraniumHead OfficeClive Massey, CEO & Director(604) 662-3903(604) 662-3904 (FAX)Email: bgaline@universaluranium.comUniversal UraniumInvestor RelationsBill GalineDirector of Corporate CommunicationsEmail: cmassey@universaluranium.comWebsite: www.universaluranium.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
Wer hat Erfahrung mit ähnlichen Aktien !?
******************************************
Silver Spruce Resources Inc. and Universal Uranium Ltd.: 30 Meters of 0.11% U308 Discovered at Two Time Zone
3/1/2007
Highlights
- Higher grade intersection of 30m of 0.11% U3O8
- Wide zone of uranium mineralization intersected - 107m of 0.052% U3O8
- Highest grade intersection to date - 3m of 0.312% U3O8 including 1.19% over 0.4m
BRIDGEWATER, NOVA SCOTIA and VANCOUVER, BRITISH COLUMBIA, Mar 1, 2007 (CCNMatthews via COMTEX News Network) --
Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) and Universal Uranium Ltd. (TSX VENTURE:UUL) are pleased to announce that continued drilling at the Two Time Zone, located on the CMBNW claim block, to the east of Snegamook Lake in central Labrador, has further defined the wide zone of uranium mineralization intersected in the December diamond drilling program. Results have been received from one new drill hole, and the extension of another. The new hole, CMB-07-6, gives the highest grades and thickest widths discovered to date.
The drilling targeted a radioactive anomaly, the Two Time Zone. The best mineralization was located in DDH CMB-07-6 drilled under DDH CMB-06-5 at a 50 degree dip, intersecting the zone between 150m and 200m deep. This hole intersected 107m of 0.052% uranium oxide (U3O8) from 172m to 279m, including higher grade zones: 0.11% U3O8 over 30m from 172m to 302m including 0.312% U3O8 over 3.0m from 172m to 175m. This is the deepest intersection to date and indicates that the zone may be increasing in size and grade to depth. The host for the mineralization is an altered, brecciated and fractured felsic intrusive, monzonite to monzodiorite, which carries extensive chlorite, carbonate and hematite alteration.
"We are very excited by this new discovery," stated Lloyd Hillier, President and CEO of Silver Spruce. "These results further indicate the potential presence of a large economic uranium deposit on our ground."
At the start of the 2007 drill program, DDH CMB-06-5 was extended 85.4m from 140.2m to 225.6 m. Uranium mineralization was located in the interval between 170m and 195m giving three zones, two grading 0.02% to 0.03% U3O8 and the third zone graded 0.088% U3O8 over 3.4m from 180.8m to 184.2m.
The uranium zone appears to be near vertical to steeply dipping to the east at 75 to 80 degrees, indicating that drill intersections are probably one half to two thirds true width.
The zone has been traced over a 200m plus strike length from Line 1+25 N where CMB-06-2 gave 71.5m of 0.015% U3O8 to Line 0+50 S, where CMB-06-5 gave 59.2m of 0.024% U3O8. It appears to narrow to the north, where CMB-06-1 gave 15.8m of 0.033 % U3O8. Stronger mineralization is located in the southern portion of the grid where anomalous soil geochemistry indicates the zone may continue under a small pond. A total of five shallow holes at -45 degrees dip, totaling 812m, tested the zone in December. The two holes reported on in this press release bring the total drilled to 1257 m in 6 drill holes. Diamond drilling is continuing and further results will be released as received.
Selected analytical values for the sections sampled are shown in the table below. A plan map of the drilling, plus a section through DDH's 3, 5 and 6, are shown on Silver Spruce's and Universal Uranium's websites.
TABLE 1 ANALYTICAL RESULTS Diamond Drilling - CMBNW Property - Two Time Showing---------------------------------------------------------------DDH # From To Length % U3O8 lbs / ton m U3O8---------------------------------------------------------------CMB-06-1 41.7 57.5 15.8 0.0326 0.65 incl. 41.7 44.8 3.1 0.0494 0.99 incl. 42.9 43.6 0.7 0.14 2.8 incl. 42.9 43.1 0.2 0.28 5.66 incl. 51.3 53.3 2.0 0.0546 1.09---------------------------------------------------------------CMB-06-2 90.0 161.5 71.5 0.0148 0.30" 126.2 126.6 0.4 0.104 2.08" 136.1 139.9 3.8 0.0394 0.79---------------------------------------------------------------CMB-06-3 83.5 165.9 82.4 0.0211 0.42" incl. 83.5 107.5 24.0 0.0404 0.81" incl. 86.8 93.7 6.9 0.0561 1.12" 100.8 102.4 1.6 0.13 2.6" 106.1 107.5 1.4 0.13 2.6" 159.8 161.9 2.1 0.0766 1.53---------------------------------------------------------------CMB-06-4 No Samples Taken---------------------------------------------------------------CMB-06-5 44.0 103.2 59.2 0.0238 0.48 46.0 56.0 10.0 0.0417 0.83 97.2 97.5 0.3 0.1639 3.28------------------------------------------------------------------------------------------------------------------------------CMB-06-5 ext 169.9 172.0 2.1 0.021 0.42 180.8 184.2 3.4 0.088 1.76 189.6 195.2 5.6 0.031 0.62---------------------------------------------------------------CMB-07-6 172.0 279.0 107.0 0.052 1.04 incl. 172.0 202.0 30.0 0.11 2.2 incl. 172.0 175.0 3.0 0.312 6.24 incl. 177.3 173.7 0.4 1.19 23.8 and 179.0 187.0 8.0 0.137 2.74 and 192.0 198.0 6.0 0.143 2.86 303.0 307.0 4.0 0.05 1.0---------------------------------------------------------------All core showing significant scintillometer values was cut and analyzed. Nosamples were taken from CMB-06-4 since scintillometer values were low andfelsic/mafic units were interfingered. Core samples were halved by sawingon site, with one half sent for analysis and the other half retained forfurther study. Analyses were performed by Activation Laboratories inAncaster, Ontario, an approved, accredited laboratory, using the delayedneutron activation technique, which gives accurate results for samplescarrying up to one percent uranium.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
ABOUT THE CMB NORTHWEST 2 PROPERTY
The CMB northwest block is part of the Silver Spruce/Universal Uranium CMB/Seal Lake joint venture previously announced.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 8,500 claims totaling more than 2,100 square kilometers, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. A large-scale exploration program on the company's properties in the summer of 2006 resulted in the first uranium discovery in October from early stage follow up of the airborne surveys. With experienced partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Labrador.
ABOUT UNIVERSAL URANIUM
Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
SOURCE: Silver Spruce Resources Inc.
Silver Spruce ResourcesHead OfficeGordon Barnhill, CFO & Director(902) 527-5700(902) 527-5711 (FAX)Email: gbarnhill@silverspruceresources.comWebsite: www.silverspruceresources.comAscenta Capital Partners Inc. - Investor RelationsKeir Reynolds(604) 684-4743 ext. 231 orToll Free: 1-866-684-4743 ext. 23Email: keir@ascentacapital.comWebsite: www.ascentacapital.comUniversal UraniumHead OfficeClive Massey, CEO & Director(604) 662-3903(604) 662-3904 (FAX)Email: bgaline@universaluranium.comUniversal UraniumInvestor RelationsBill GalineDirector of Corporate CommunicationsEmail: cmassey@universaluranium.comWebsite: www.universaluranium.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
Cascade Energy, mein Top Flop 2006, -98 %
Gruß, caio
Gruß, caio
UNIVERSAL URANIUM (TSX VENTURE:UUL)
Bin mit Vollpackung dabei!
Gruss
SilberEagle
Bin mit Vollpackung dabei!
Gruss
SilberEagle
@Gurki
Was ist denn los?
Biste selbst nicht dabei?
Sie steigt, und steigt!
Was ist denn los?
Biste selbst nicht dabei?
Sie steigt, und steigt!
Antwort auf Beitrag Nr.: 28.133.960 von SilberEagle am 05.03.07 21:17:32Gott sei dank bin ich dabei !!
Das Warten hat sich gelohnt
!!
Wegen mir kann´s nach dem kleinen Rücksetzer heute,
Morgen wieder weitergehen.
Und UUL scheint auch vielversprechend zu sein .... wenn man die Meldung von heute anschaut !!
Wer kauft schon 2,94 Millionen Aktien einer Untergangsgesellschaft !?
Wie und wann bist Du auf UUL gekommen !?
Pinetree acquires 2.94 million Universal Uranium shares
Pinetree Capital Ltd (C:PNP)
Shares Issued 43,547,756
Last Close 3/5/2007 $18.52
Tuesday March 06 2007 - News Release
Also Universal Uranium Ltd (C:UUL) News Release
Mr. Larry Goldberg of Pinetree Capital reports
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF UNIVERSAL URANIUM LTD.
Pinetree Capital Ltd., through a series of transactions ending on March 5, 2007, has acquired ownership of 2,945,000 common shares of Universal Uranium Ltd. through the facilities of the TSX Venture Exchange, representing approximately 8.3 per cent of the total issued and outstanding common shares of Universal as of March 5, 2007. As a result of this transaction, Pinetree held, as at March 5, 2007, a total of 3,695,000 common shares of Universal, representing approximately 10.4 per cent of all issued and outstanding common shares as at March 5, 2007.
These transactions were made for investment purposes, and Pinetree and each of its joint actors could increase or decrease their respective investments in Universal depending on market conditions or any other relevant factor.
© 2007 Canjex Publishing Ltd.
Das Warten hat sich gelohnt
!!Wegen mir kann´s nach dem kleinen Rücksetzer heute,
Morgen wieder weitergehen.
Und UUL scheint auch vielversprechend zu sein .... wenn man die Meldung von heute anschaut !!
Wer kauft schon 2,94 Millionen Aktien einer Untergangsgesellschaft !?
Wie und wann bist Du auf UUL gekommen !?
Pinetree acquires 2.94 million Universal Uranium shares
Pinetree Capital Ltd (C:PNP)
Shares Issued 43,547,756
Last Close 3/5/2007 $18.52
Tuesday March 06 2007 - News Release
Also Universal Uranium Ltd (C:UUL) News Release
Mr. Larry Goldberg of Pinetree Capital reports
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF UNIVERSAL URANIUM LTD.
Pinetree Capital Ltd., through a series of transactions ending on March 5, 2007, has acquired ownership of 2,945,000 common shares of Universal Uranium Ltd. through the facilities of the TSX Venture Exchange, representing approximately 8.3 per cent of the total issued and outstanding common shares of Universal as of March 5, 2007. As a result of this transaction, Pinetree held, as at March 5, 2007, a total of 3,695,000 common shares of Universal, representing approximately 10.4 per cent of all issued and outstanding common shares as at March 5, 2007.
These transactions were made for investment purposes, and Pinetree and each of its joint actors could increase or decrease their respective investments in Universal depending on market conditions or any other relevant factor.
© 2007 Canjex Publishing Ltd.
Trading Spotlight
Antwort auf Beitrag Nr.: 28.156.575 von Gurki am 06.03.07 22:35:01Bin bereits bei 47 Cents rein, wurde von Preisanstieg in diesem Ausmas völlig überrascht. Habe die UUL am 1. Tag ihres Anstieges in meinem Thread vorgestellt. Ich glaube da war sie ca. 70 im Plus gewesen. Nun ist ja alles klar warum die UUL trotz dem vergangenen miesen Umfeld so stark angestiegn ist. Pinetree Capital weiss wohl viel einmal etwas mehr als andere. Desswegen laufen anscheinend in einem anderen Fall gerade Klagen gegen Pinetree.
Universal Uranium hatte ich jedoch bereits zu Beginn des letzten Jahres in meinem Thread als Uranium Play zum ersten Mal zum Kauf empfohlen zusammen mit 3 weiteren australischen Uran Explorern.
UUL wird jetzt bereits mit der Aurora http://ca.finance.yahoo.com/q?s=AXU.TO&d=t verglichen die eine MK von mehr als 900 Millionen CA Dollar vorweisen kann. UUL kommt bisher gerade mal auf eine MK von ca. 57 Mio. CAD
Denke es könnte zuerst mal etwas konsolidieren bevor wir weiter nach oben steigen. Falls es so eintreten sollte, könnte dies, falls Interesse vorhanden, zum Einstieg benützt werden.
Gruss
SilberEagle
Universal Uranium hatte ich jedoch bereits zu Beginn des letzten Jahres in meinem Thread als Uranium Play zum ersten Mal zum Kauf empfohlen zusammen mit 3 weiteren australischen Uran Explorern.
UUL wird jetzt bereits mit der Aurora http://ca.finance.yahoo.com/q?s=AXU.TO&d=t verglichen die eine MK von mehr als 900 Millionen CA Dollar vorweisen kann. UUL kommt bisher gerade mal auf eine MK von ca. 57 Mio. CAD
Denke es könnte zuerst mal etwas konsolidieren bevor wir weiter nach oben steigen. Falls es so eintreten sollte, könnte dies, falls Interesse vorhanden, zum Einstieg benützt werden.
Gruss
SilberEagle
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