Sparton
Resources Inc.(TSX VENTURE: SRI) (the "Company")
reported today that it has begun a drilling program on its
100% owned 'Whiskey' copper - uranium project claim area
in central New Brunswick. The program is expected to last
approximately 6 weeks and involve 1200-1500 metres of core
drilling, which will test 4 to 6 target areas developed from
last year's surface exploration program. (See
news release dated February 7, 2007).
2007
RESULTS
The
2007 program involved geological mapping, prospecting, geophysical
VLF electromagnetic and magnetic surveys, as well as soil
and water sampling over the Company's three large claim block
areas which total over 4000 hectares in area. Final analytical
results were received in mid January 2008. The results for
grab samples taken from the various claim areas have shown
that over 30% of the samples contain greater than about 0.012
% U308, with results varying from less than 0.003% U3O8 (25
ppm U) up to about 0.10% U3O8 (800 ppm U). Anomalous copper
values vary from 0.04% Cu to over 1% Cu, and some of these
are associated with high uranium values as well. Several
semi-continuous horizons of uraniferous phosphatic sediments
were also located which contain as much as 10% phosphate
(P2O5) and 0.06% U308. These results are consistent with
available historical data for the area but most of the samples
reported here represent new occurrences. These horizons vary
from about 20 cm to over 2 metres in thickness and can be
traced for several hundred metres.
Detailed
soil sampling in overburden covered areas has also indicated
several anomalous areas with coincident values of up to 270
ppm uranium and 40 ppm copper.
All
analytical data reported here are from analyses done by SGS
- Lakefield Laboratories of Toronto, Canada.
The
geophysical VLF EM and magnetic survey results have also
highlighted a number of conductive trends which are associated
either with the anomalous soil zones or covered areas along
strike from anomalous rock samples. Several of these appear
to be associated with the flanks of magnetic highs representing
uplifts in the underlying basement rocks. These may be
related to structures associated with the unconformity between
the basement igneous and metamorphic granitic rocks and younger
sediments. These targets will be tested in the current
drill program.
DRILL
PROGRAM
The
initial program will involve approximately 8-10 drill holes
testing at least 4 separate target areas. The holes are planned
to vary from 150 to 250 metres in length and will test coincident
geophysical and geochemical targets as well as the uranium
bearing phosphatic sediment horizons. Depending on results
a second phase drill program may be implemented later this
year.
Results
will be reported when available.
Sparton's
domestic and international exploration and evaluation programs
are being carried out under the direct supervision of A.
Lee Barker, P. Eng., P Geol., the Company's President and
CEO who is a Qualified Person under National Instrument 43-101.
(i)(i)Notes:
- ppm equals parts per million - to convert from U value
to U308 value multiply U value by approximately 1.18 |
