With two drills already in action, Bonaventure Enterprises (BVT-V, YQG-F) is going after near-surface uranium targets on its K9 property in James Bay, Quebec, in search of a Rossing-type low-grade uranium deposit.
Bonaventure plans to drill 6,000 metres at K9 in 2008 and has already completed about 1,600 metres
So far, holes have been drilled to an average depth of 150 metres but assay results have not come in yet.
The company has completed drill core descriptions and sampling from eight holes and has also done down hole scintillometer readings.
The readings have shown continuous radioactive zones with spiky down hole radiometric signatures which have been correlated with uranium-bearing radiometric highs recorded in up-dip surface outcrops.
The company says this adds to the three-dimensional picture of the K9 corridor.
Bonaventure plans to test 14 targets along the K9 surface anomaly which stretches 7 km and up to 675 metres in width.
Equivalent uranium assays done with a scintillometer from 94 bedrock surfaces averaged 0.12% eU3O8 while 91 of 94 bedrock samples that were chemically assayed averaged a grad of 0.14% U3O8.
Also, equivalent uranium assays form 88 readings of surface outcrops of the Target 8 area that is currently being drilled averaged 0.08% eU3O8 whereas chemical assays from 26 bedrock samples averaged 0.21% eU3O8.
Uranium exploration so far at K9 shows a two-dimensional system covering 5.25 sq. km in the near-vertical dipping lithologies.
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