Aurora Energy Resources Inc. ("the Company") (AXU–TSX) is pleased to announce that a recently completed winter drill program at the Michelin Deposit has returned some of the best uranium results to date. Twenty three drill holes were completed, which focused on both infilling the deeper portion of the deposit and further confirming historic drilling in the shallow "open-pitable" part of the deposit above 200 metres depth.
INFILL DRILLING
Twelve new drill holes have intersected the Michelin Deposit between 550 and 675 metres depth. These holes were designed to tighten up drill spacing in order to convert a portion of the "inferred" resource to the "indicated" category. Results include the following highlights:
· 0.12% U3O8 over 46.50 metres including 0.21% U3O8 over 10.53 metres in M08-089
· 0.11% U3O8 over 59.03 metres including 0.22% U3O8 over 10.16 metres in M08-098
· 0.10% U3O8 over 49.05 metres in M08-100
· 0.24% U3O8 over 17.75 metres in M08-104A
Hole_ID |
From (m) |
To (m) |
Length (m) |
% U3O8 |
M08-089 |
639.50 |
686.00 |
46.50 |
0.12 |
incl |
640.50 |
645.50 |
5.00 |
0.26 |
and incl |
649.97 |
660.50 |
10.53 |
0.21 |
M08-090 |
714.49 |
725.36 |
10.87 |
0.24 |
M08-091 |
743.33 |
757.20 |
13.87 |
0.12 |
incl |
745.32 |
746.32 |
1.00 |
0.23 |
and incl |
755.20 |
756.20 |
1.00 |
0.21 |
M08-095 |
591.30 |
605.00 |
13.70 |
0.12 |
incl |
593.80 |
596.24 |
2.44 |
0.26 |
and |
614.74 |
637.67 |
22.93 |
0.07 |
incl |
627.43 |
634.67 |
7.24 |
0.10 |
M08-098 |
695.30 |
754.33 |
59.03 |
0.11 |
incl |
703.20 |
718.20 |
15.00 |
0.15 |
and incl |
744.17 |
754.33 |
10.16 |
0.22 |
M08-100 |
631.38 |
680.43 |
49.05 |
0.10 |
incl |
636.78 |
647.90 |
11.12 |
0.13 |
and incl |
664.43 |
679.43 |
15.00 |
0.16 |
M08-103 |
Pending |
|
|
|
M08-104 |
Lost Hole - No Assays |
|
|
M08-104A |
618.93 |
636.68 |
17.75 |
0.24 |
and incl |
618.93 |
625.00 |
6.07 |
0.28 |
and incl |
628.65 |
634.67 |
6.02 |
0.31 |
M08-106 |
Lost Hole - No Assays |
|
|
M08-106A |
Pending |
|
|
|
M08-107 |
Pending |
|
|
|
SHALLOW CONFIRMATION DRILLING
Eleven drill holes were completed on a portion of the historic resource above 200 metres depth to verify the results of the previous operator. Results to date are encouraging, with the following highlights:
· 0.15% U3O8 over 19.23 metres in M08-088
· 0.10% U3O8 over 32.60 metres in M08-092
· 0.09% U3O8 over 32.09 metres in M08-094
· 0.09% U3O8 over 52.00 metres in M08-096
· 0.09% U3O8 over 41.15 metres in M08-101
Hole ID |
From (m) |
To (m) |
Length (m) |
% U3O8 |
M08-088 |
152.83 |
172.06 |
19.23 |
0.15 |
incl |
163.62 |
170.06 |
6.44 |
0.22 |
and |
183.87 |
190.15 |
6.28 |
0.16 |
incl |
186.87 |
187.87 |
1.00 |
0.44 |
M08-092 |
135.60 |
168.20 |
32.60 |
0.10 |
incl |
136.60 |
144.60 |
8.00 |
0.19 |
and incl |
147.60 |
149.60 |
2.00 |
0.29 |
M08-093 |
Pending |
|
|
|
M08-094 |
102.36 |
134.50 |
32.14 |
0.09 |
incl |
102.36 |
111.16 |
8.80 |
0.19 |
and incl |
124.42 |
126.42 |
2.00 |
0.28 |
and incl |
132.98 |
134.50 |
1.52 |
0.21 |
M08-096 |
15.00 |
67.00 |
52.00 |
0.09 |
incl |
15.00 |
16.12 |
1.12 |
0.21 |
and incl |
22.93 |
27.03 |
4.10 |
0.20 |
and incl |
31.21 |
44.37 |
13.16 |
0.16 |
and incl |
64.00 |
67.00 |
3.00 |
0.29 |
M08-097 |
156.02 |
164.02 |
8.00 |
0.21 |
incl. |
161.02 |
163.02 |
2.00 |
0.42 |
M08-099 |
136.81 |
151.81 |
15.00 |
0.13 |
and |
167.00 |
171.32 |
4.32 |
0.11 |
M08-101 |
82.75 |
123.90 |
41.15 |
0.09 |
incl |
84.25 |
101.90 |
17.65 |
0.12 |
and incl |
84.25 |
95.00 |
10.75 |
0.14 |
and incl |
116.96 |
123.90 |
6.94 |
0.16 |
incl |
119.96 |
122.47 |
2.51 |
0.28 |
M08-102 |
Lost Hole - No Assays |
|
|
M08-102A |
75.70 |
107.45 |
31.75 |
0.06 |
M08-105 |
Pending |
|
|
|
The orientation of the mineralized zones is interpreted to be moderately to steeply southeast dipping and stated widths are approximately 80% of true widths.
ABOUT AURORA
Aurora is a uranium exploration and development company focused on the Central Mineral Belt in coastal Labrador -- one of the world's most promising uranium districts.
Aurora continues to work closely with the Nunatsiavut Government, Inuit Community Government representatives and Beneficiaries to build a better understanding of uranium mining. Aurora is committed to responsible development with lasting local benefits and the highest standards of safety, health, and environmental protection.
For further information on Aurora please contact:
Andrea Marshall Manager, Government and Media Relations 709-726-2223
Don Falconer VP, Corporate Development 416-362-5556
Corporate Information www.aurora-energy.ca
Assay results have been prepared under the guidance of Mr. Ian Cunningham-Dunlop P. Eng, Vice-President – Exploration for Aurora Energy Resources Inc., who is designated as a Qualified Person with the ability and authority to verify the authenticity of and validity of this data. Drill core was prepared and analyzed in accordance with industry standards by Activation Laboratories Ltd, Ancaster, Ontario.
Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements". Such forward-looking statements, including but not limited to, those with respect to the timing and amount of estimated future resources and resource conversion rates, potential for expansion of resources and potential size of future exploration programs and potential timing of receipt of permits and classification of future mineral resources, and potential for future benefits, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Aurora to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Aurora's Annual Information Form available on SEDAR at www.sedar.com . Although Aurora has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurora disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.
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