Uranium Drilling Begins
� Drilling to target
mineralized zones at Darby-Candle and Gumboot
� Drilling also
resumes at Dome Property, Namibia
Pitchstone Exploration Ltd. (TSX-V: PXP;
"Pitchstone") has initiated its 2009 winter drilling program in the
eastern Athabasca Basin. Uranium
targets on the Candle, Darby and Gumboot properties will be drilled. The
work will primarily follow up on mineralization discovered at the 97G zone on
Candle (1.91% U3O8 over 0.5 m; May 21, 2008 News
Release) and a 40 meter
zone of moderate to intense alteration and fracturing with intervals of strong
radioactivity intersected in drill hole GB-04 on Gumboot (Sept. 8, 2008 News
Bryson Drilling Ltd. and Pitchstone personnel
mobilized to the site early in January and drilling has commenced. The
winter program will total approximately 6,000 meters of
diamond drilling. Pitchstone has sufficient cash on hand for significant
exploration throughout 2009 and 2010.
Also, drilling has resumed on the Dome property in Namibia.
The initial focus on Dome is a R�ssing style,
granite-hosted, uranium target.
President of Pitchstone, is the Qualified Person for the purposes of NI 43-101
with respect to the technical information in this news release.
Pitchstone is well funded and actively exploring for
uranium in four proven districts. The property portfolio features ten projects
in the eastern Athabasca Basin, Saskatchewan, five
of which are joint ventured with Uranium One and five
being 100% owned. In addition, there are four joint
venture projects with Triex in the Hornby Bay Basin, Nunavut, an exploration partnership with Cameco and Motapa Diamonds in the
Franceville Basin, Gabon, and an option on two
projects in Namibia.
Pitchstone has a unique group of geologists with extensive uranium
exploration and production experience.
On behalf of the Board,
E.A.G. (Ted) Trueman, CEO
For further information contact
Claire Stewart at 604 630 5563, Mark Brown, CFO, at 604 687 3520, or visit www.pitchstone.net.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. This news release may contain assumptions,
estimates, and other forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties and are
subject to factors, many of which are beyond Pitchstone's control,
that may cause actual results or performance to differ materially from
those currently anticipated in such statements.
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