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Star Uranium Corp. and United Uranium Corp. Complete Ground Magnetic Survey on Fort a La Corne Diamond Properties
Published : June 02, 2011
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Mots clés associés :   Nickel | Uranium |

SASKATOON, SASKATCHEWAN--(Marketwire - June 2, 2011) - United Uranium Corp. (TSX VENTURE:UUC) and Star Uranium Corp. (News - Market indicators) (collectively the "Companies") today announced that they have completed a ground magnetic survey on their Fort a la Corne diamond properties (the "Claims"). The Claims are situated immediately adjacent to the eastern border of the Shore Gold Inc. ("Shore") Fort a la Corne project. The survey was completed by Apex Geoscience ("Apex") of Edmonton, Alberta, and included an analysis of the jointly held Fort a la Corne diamond properties in Saskatchewan (the "Claims"). 

The survey was designed to analyze existing airborne magnetic anomalies and more precisely locate and define the anomalies through ground work prior to commencing a diamond drilling program.

Based upon the 2010 review by Apex of 2004 airborne magnetic data, a total of 361 geophysical anomalies were selected as being of potential interest for future kimberlite exploration. A total of seven anomalies were identified as Priority-2 anomalies and selected as being of high interest for future kimberlite exploration. A total of 36 anomalies were selected as Priority-3 anomalies that require follow-up exploration and a total of 55 anomalies were selected as Priority-4 anomalies, which may or may not require follow-up exploration for kimberlites. 

Based upon the data review and ground truthing, a total of 17 magnetic anomalies on Star's Fort a la Corne Property were selected for ground geophysical surveys in order to evaluate them for potential kimberlites. Two anomalies, Star 179 and Star 352, warrant drill testing for kimberlite. Four additional magnetic anomalies may warrant a drill test and further ground geophysics are being considered to determine their future exploration and drill testing. A total of 25 Priority-2 and Priority-3 airborne magnetic anomalies were not the subject of the current group of ground geophysical surveys. The majority of these additional targets are considered by Apex and the Companies to be good kimberlite targets and warrant future ground geophysical surveys followed by possible drill testing.

Star 500, a very strong north-south linear basement magnetic anomaly was ground geophysically surveyed over a portion of the anomaly to evaluate whether it could be the result of a deep seated magnetite iron formation with gold and/or iron potential or a mafic intrusive such as a differentiated gabbro with nickel potential. The ground geophysical survey confirmed the presence of a very strong north-south linear magnetic feature that is likely rooted in the basement crystalline rocks at a depth of between 600m and 1,100m. The anomaly could be representative of a magnetite iron formation or a mafic intrusive complex such as a gabbro. 

Apex have recommended a two stage exploration program, with stage one consisting of further ground magnetometer geophysical surveying on all of the remaining Priority-2 and Priority-3 magnetic anomalies, infill ground magnetic surveys at certain existing targets and a further review of the Star 500 target. Further, Apex have recommended a Stage 2 reverse circulation or core drilling program to test two to three kimberlite targets on the Claims, as well as one deep basement hole to test the possible banded iron formation.

Kyle Kozuska, President of United Uranium Corp. and Star Uranium Corp. stated, "We are very pleased with the results to date. Apex has further defined the Claims and we have gained valuable information to move our project forward."

The Claims are owned 50/50 by United Uranium Corp. and Star Uranium Corp., and include the claims that were formerly disputed by Shore Gold Inc. and awarded to the Companies in a decision by the Saskatchewan Court of Queen's Bench in 2007 and upheld by the Saskatchewan Court of Appeal in 2008.

The technical information in this press release has been reviewed and approved by Mike Dufresne, M.Sc., P.Geol., who is a Qualified Person as defined by National Instrument 43-101.

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the respective opinions, expectations and estimates of management of the Companies as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to, the results exploration programs and risks, uncertainties and other factors that are beyond the control of the Companies, risks associated with the industry in general, commodity prices, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although the Companies believe that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, they can give no assurance that such expectations will prove to have been correct. The forward-looking statements of the Companies contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

United Uranium Corp. and Star Uranium Corp.
Kyle Kozuska
President
(306) 664-3828
www.uniteduranium.com
www.staruranium.com

Star Uranium Corp.

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Star Uranium Corp. est une société d’exploration minière d'uranium basée au Canada.

Star Uranium Corp. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont FORT LA CORNE, PEACE RIVER, DAVID LAKE et COLLINS BAY au Canada.

Star Uranium Corp. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 4,0 millions CA$ (3,3 millions US$, 2,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 0,89 CA$, et son plus bas niveau récent le 06 décembre 2013 à 0,01 CA$.

Star Uranium Corp. possède 67 455 000 actions en circulation.

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