Universal Intersects Gold in 13 of 14 Holes and Stakes Additional 2780 Acres
22 Oktober 2009 - 3:00PM
Marketwired
Universal Uranium Ltd. (TSX VENTURE: UUL) (the "Company") is
pleased to report the remaining drill results for the first phase
drill program completed on its Tact project. The project is located
in north-central Nevada within the Battle Mountain-Eureka Trend.
Geologic mapping, surface sampling and drilling have confirmed the
presence of a large epithermal system located within the boundaries
of the Company's claim position.
Mineralization is localized along faults cutting quartz
monzonite intrusive and Pennsylvanian aged sediments. The
mineralized zones are characterized by quartz veining with
associated clay gouge, carbonate and iron oxide alteration. The
altered zones contain disseminated gold mineralization with
moderate-to-deep oxidation. The above attributes lend themselves to
low cost open pit, heap leach technology utilized by low grade gold
deposits in the vicinity.
Recent work and historic data have defined at least nine targets
within the 1780 acre property. Information was released on October
1, 2009 for the first four holes of the drill program. These holes
tested the Southwest target in Section 2, an area defined by a
series of mineralized low-angle faults. The remainder of the drill
holes tested three additional targets.
The Company is encouraged with the results of the drilling to
date, noting that all holes drilled except for T09-10 encountered
significant gold in one or more intervals. Hole T09-10 was
abandoned in alluvial fill before reaching bedrock.
Holes 5, 6 and 14 probed under a northerly trending gold-in-soil
anomaly identified as the Southeast target. Holes 7, 8, 9, 11 and
12 investigated the Central target defined by several gold
anomalies collected from soil and road cuts. Hole 10 tested the
Southeast target in Section 12, but was abandoned before it
encountered bedrock. Hole 13 tested the Northwest target defined by
geophysics.
The following table summarizes the latest results of the
drilling:
------------------------------------------------------------------
HOLE FROM TO INTERVAL GOLD INTERVAL GOLD
NUMBER METERS METERS METERS GRAMS/TON FEET OUNCES/TON
------------------------------------------------------------------
------------------------------------------------------------------
T09-5 109.7 111.2 1.5 0.21 5 0.006
------------------------------------------------------------------
118.9 125.0 6.1 0.20 20 0.006
------------------------------------------------------------------
T09-6 50.3 54.9 4.6 0.33 15 0.010
------------------------------------------------------------------
73.1 74.6 1.5 0.33 5 0.010
------------------------------------------------------------------
T09-7 0.0 1.5 1.5 0.40 5 0.011
------------------------------------------------------------------
6.1 7.6 1.5 0.46 5 0.013
------------------------------------------------------------------
59.4 62.5 3.1 0.78 10 0.023
------------------------------------------------------------------
147.8 150.9 3.1 0.61 10 0.018
------------------------------------------------------------------
T09-8 18.3 21.3 3.1 0.31 10 0.009
------------------------------------------------------------------
44.2 45.7 1.5 0.57 5 0.017
------------------------------------------------------------------
97.5 99.0 1.5 0.45 5 0.013
------------------------------------------------------------------
T09-9 4.5 7.6 3.1 0.36 10 0.010
------------------------------------------------------------------
109.7 118.9 9.1 0.42 30 0.012
------------------------------------------------------------------
Includes 112.8 117.4 4.6 0.66 15 0.020
------------------------------------------------------------------
T09-10 NSV
------------------------------------------------------------------
T09-11 16.8 24.4 7.6 0.32 25 0.009
------------------------------------------------------------------
includes 18.3 19.8 1.5 0.90 5 0.026
------------------------------------------------------------------
36.6 38.1 1.5 0.46 5 0.013
------------------------------------------------------------------
T09-12 24.4 25.9 1.5 0.47 5 0.014
------------------------------------------------------------------
32.0 36.6 4.6 0.65 15 0.019
------------------------------------------------------------------
53.3 59.4 6.1 0.37 20 0.011
------------------------------------------------------------------
71.6 74.7 4.6 0.52 10 0.015
------------------------------------------------------------------
T09-13 67.1 71.7 4.6 0.19 15 0.005
------------------------------------------------------------------
T09-14 44.2 45.7 1.5 0.45 5 0.013
------------------------------------------------------------------
During drilling additional ground was obtained by locating
unpatented mining claims on available land to the south of the
property. A further 2780 acres were acquired bringing the total
acreage currently held to 4560 acres. The additional land is known
to cover at least two areas of previously recognized gold
mineralization. The Company intends to investigate these
occurrences in the near future with a detailed mapping and sampling
program.
"The Company believes the results of this wide spaced drill
program provide evidence of a large epithermal system underlying
the property. Considering the road cut sampling and drilling
results from this recent work, the newly acquired land, and the
location of the property (situated within a prolific area of gold
production), the Company is enthusiastic about its ultimate
success," said Universal's president and chairman, Ron Atlas. "Our
geologists are examining the results to determine the next step in
developing this very prospective property."
To ensure reliable results, the Company employs a stringent set
of quality assurance and quality control procedures. These
procedures include check samples randomly introduced in the
laboratory and in the field and duplicate samples collected for
reanalysis if necessary. A chain-of-custody program provides
security from the time of sample collection on site to delivery at
the assay laboratory. Sample preparation and analysis are performed
by American Assay Laboratories Inc, an ISOIEC 17025 accredited
laboratory, at their Sparks, Nevada facility.
Information with respect to the Tact property contained in this
press release is approved by Bert W. Jeffries, PGeo, qualified
person required under National Instrument 43-101.
Universal Uranium Ltd. (TSX VENTURE: UUL) is a publicly held
Canadian exploration company focused on acquiring, exploring and
developing mineral 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.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
The Company seeks Safe Harbour.
Standard & Poor's Listed
Issued Share Capital: 47,284,068
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Universal Uranium Ltd. William Galine Executive Vice
President (604) 662-3903 bgaline@universaluranium.com
www.universaluranium.com
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