Pitchstone EM Survey Generates Uranium Targets in Namibia
North Ground EM Survey Completed
Paleochannel Targets Identified
Pitchstone Exploration Ltd. (TSX-V: PXP; "Pitchstone") reports the completion of a
ground electromagnetic (EM) geophysical survey on the Dome property in Namibia.
The project is a uranium exploration joint venture between Pitchstone (55%) and
private company Manica Minerals Ltd. (45%) through Manica's wholly-owned subsidiary Cheetah Minerals
Exploration Ltd. The property is located 65 kilometers south-southwest of
the R�ssing uranium mine and 60 kilometers southwest
of the Langer Heinrich uranium mine.
The EM survey consisted of 128 line kilometers within
an 8,000 hectare area at Dome North that includes a zone of calcrete-hosted
uranium mineralization discovered during an exploration program completed in
March of this year (see April 21, 2009 news release). Five of six grab
samples from the zone are mineralized and contain 196 to 1,620 ppm uranium (0.02-0.19% U3O8).
Mineralization consists of a yellow uranium-vanadium oxide that occurs within
sparsely exposed conglomerate over a 2.5 kilometer long portion of a dry
The EM survey was successful in identifying several
elongate conductivity anomalies that may be related to buried paleochannels. Some of these anomalies are adjacent
to or near the mineralized area, and several are coincident with radon
anomalies identified during a survey completed in 2008. A map showing the
interpreted EM results can be viewed on Pitchstone's website (www.pitchstone.net).
Planning is under way for a reverse circulation
drilling program to test the uranium mineralization and targets generated by
the EM and radon surveys. Field work is being conducted by Cape
Town based Remote Exploration Services on behalf of the
Steve Blower, P.Geo., President of Pitchstone, is the Qualified Person for the
purposes of NI 43-101 with respect to the technical information in this news
release. Sample preparation and analyses were done by ALS Chemex, Johannesburg.
A multi-element ICP-MS analysis was completed on the samples after a four acid,
near-total digestion. Pitchstone utilizes internally and externally
submitted standard reference materials for quality assurance and quality
control of the sample preparation and analyses.
Pitchstone is well funded and exploring for uranium in
several proven districts. The property portfolio features 12
projects in the eastern Athabasca Basin,
Saskatchewan, four of which are
100% owned. In addition, there are four joint venture projects in
the Hornby Bay Basin, Nunavut, an exploration
partnership in the Franceville Basin, Gabon, and a
joint venture on two projects in Namibia.
Pitchstone benefits from the collaboration of a unique group of
geologists with extensive uranium exploration and production experience.
On behalf of the Board,
E.A.G. (Ted) Trueman, CEO
Pitchstone Exploration Ltd.
1100 Melville Street
BC V6E 4A6