NEWS
RELEASE
August 20, 2007
Uranium Star Extends
Extensive Exploration Program
Uranium Star Corp.
(OTCBB:URST)(FRANKFURT:YE5) is pleased to provide an update on exploration
activities on the Sagar property in Northern Quebec.
Drilling
The extensive exploration program has been
progressing with performance of the two drills meeting and exceeding schedules.
To date, the summer 2007 program has completed a total of 97 reverse
circulation (RC) drill holes for more than 1,500 meters drilled. More than 28
diamond drill holes have been completed with in excess of 2,500 meters having
been drilled. Though a great deal has been accomplished, with more than 5 targets
receiving varying intensity of drilling over an area greater than 20 km2 in
size there is a significant amount of exploration drilling remaining to be
done. Additional targets in other proximal areas will be drill tested within
the next month.
Analysis
Analysis of more than 3,000 soil samples and
1,150 RC samples has been completed using the InnovX Systems X50 XRF mobile
analyzer. The InnovX Systems mobile analyzer is a relatively new technology
consequently all samples collected up to August 10th have been shipped to the
ALS Chemex Laboratory in Val-D’Or, Quebec for verification. These samples
are being submitted for gold by fire assaying and ICP multi-element analysis in
order to provide reliable results on the Sagar property.
The gold found to-date at Sagar has been
micron-sized and not visible to the human eye therefore it is necessary to have
a commercial lab verify analytical results of any samples collected. It is
management’s hope that the full analytical/assay results of the program
will be returned to Uranium Star by late October, however if partial results
are made available earlier, management will endeavor to update shareholders as
soon as possible.
Extended Exploration Program
Uranium Star has extended the exploration
program by one month in order to do additional follow-up work on some of the
highly prospective targets identified during the program. Two full work
rotations have been completed by the on-site teams and a third has been added
to accommodate the extended program. This extension has been prompted in part
by the nature of the encouraging drill intersections discovered to date. A number
of intersections, over 10’s of meters, displaying similar alteration
(sodic and hematitic) to that found in
the famous mineralized Mistamisk boulders
have been made. Attempts are being made to follow these structurally related alteration
zones with the drills to ultimately intersect the potential source of the
uranium and gold mineralized boulders.
The last portion of the program will be
supervised on-site by Robin Chisholm, President of Taiga Consultants under the
direction of F. William Nielsen, P. Geo. & Director. Kirk McKinnon,
President and CEO of Uranium Star, commented that “This exploration
program has been an significant undertaking and we are extremely pleased with
the excellent progress made so far. Given the type of altered rock we have been
working in, we look forward to the lab results with great anticipation. ”
The Sagar Property is the Company's primary exploration focus as it possesses
exceptional grades for both uranium and gold believed to be both related to the
Mistamisk Boulder Field and to other potential sources on the property.
The Mistamisk Boulder Field is approximately
500 X 250 meters in size and contains many radioactive boulders. In a Virginia
Mines report, 70 boulders assayed an average of 64.9g/t Au and 1.3% U (with
values up to 4.11% U and 640 g/t Au). Showings in the Red Tail area of the
property have had rock samples with up to 0.5%U and 125g/t Au and showings in
the Eagle area of the property have had rock samples with up to 2.9%U, 10.4g/t
Au.
ABOUT THE COMPANY
Uranium Star Corp. is a rapidly emerging
uranium exploration company with assets in Northern Quebec and Arizona. Its
shares are traded on the OTCBB under the symbol URST, as well as the Frankfurt
Exchange under the symbol YE5. The Company continues to focus on high priority
property acquisition and exploration in order to underpin and augment the
company’s current property holdings.
Except for historical information contained
herein, the matters discussed in this press release are forward-looking statements
that involve risks and uncertainties, including but not limited to economic,
competitive, governmental and technological factors effecting the Company's
operations, markets, products and prices and other factors discussed in the
Company's various filings with the Securities and Exchange Commission.
CONTACT INFORMATION
The Buick Group
Jon Ruby
Toll Free: 1-877-748-0914
email: jruby@buickgroup.com
or
Uranium Star Corp.
Kirk McKinnon
President and CEO
(416) 364-4986 or 1-800-818-5442
or
Uranium Star Corp.
Richard Schler
Vice President and CFO
(416) 364-4986 or 1-800-818-5442
Website:
www.uraniumstar.com