Aurora Energy Resources Inc. ("Aurora" or "the
Company") (AXU:TSX) is pleased to announce the initial results of its
2008 summer drill program at the Company's 100% owned Jacques Lake deposit
("Jacques Lake") in coastal Labrador.
"The
results continue to enhance the continuity of grade and the overall
potential of Jacques Lake," said Aurora's President and CEO, Dr. Mark
O'Dea. "As with the recently announced drilling results for the
Michelin deposit, the combined data from the Company's 2008 winter and summer
infill programs at Jacques Lake will assist Aurora with pre-feasibility
work by contributing to the conversion of inferred to indicated NI 43-101
resource categories."
Highlights of the summer infill program
include:
- 0.22% U3O8 over 7.00 metres
in JL08-094
- 0.14% U3O8 over 12.56 metres
in JL08-097 as part of a broader zone that returned
0.07% U3O8 over 35.33 metres
- 0.12% U3O8 over 4.00 metres
in JL08-090 as part of a broader zone that returned 0.06% U3O8
over 22.00
metres
- 0.09% U3O8 over 6.00 metres
in JL08-088 as part of a broader zone that returned 0.05% U3O8
over 19.00
metres
A total of 6,205
metres in fourteen holes have been completed. Results
of eleven of these holes are reported here with analytical results pending
for the remaining three holes.
The drill results for the initial eleven holes are as follows:
Hole ID
|
From (m)
|
To (m)
|
Length (m)*
|
%U3O8
|
JL08-085
|
361.45
|
362.45
|
1.00
|
0.05
|
JL08-086
|
Aborted hole
|
JL08-088
|
314.00
|
333.00
|
19.00
|
0.05
|
incl.
|
314.00
|
319.00
|
5.00
|
0.06
|
and incl.
|
327.00
|
333.00
|
6.00
|
0.09
|
JL08-089
|
388.00
|
390.00
|
2.00
|
0.07
|
and
|
313.00
|
318.00
|
5.00
|
0.07
|
and
|
353.00
|
357.00
|
4.00
|
0.08
|
and
|
447.00
|
455.00
|
8.00
|
0.07
|
JL08-090
|
360.00
|
382.00
|
22.00
|
0.06
|
incl.
|
360.00
|
361.87
|
1.87
|
0.08
|
and incl.
|
365.00
|
370.00
|
5.00
|
0.09
|
and incl.
|
378.00
|
382.00
|
4.00
|
0.12
|
JL08-091
|
293.00
|
295.00
|
2.00
|
0.05
|
and
|
298.00
|
302.00
|
4.00
|
0.09
|
JL08-092
|
476.00
|
478.00
|
2.00
|
0.06
|
JL08-093
|
435.00
|
436.00
|
1.00
|
0.04
|
and
|
440.20
|
441.25
|
1.05
|
0.05
|
JL08-094
|
222.00
|
229.00
|
7.00
|
0.22
|
and
|
234.50
|
238.00
|
3.50
|
0.19
|
and
|
271.90
|
274.00
|
2.10
|
0.07
|
and
|
356.69
|
359.69
|
2.70
|
0.03
|
JL08-095
|
372.48
|
373.48
|
1.00
|
0.04
|
JL08-096
|
597.51
|
598.51
|
1.00
|
0.06
|
JL08-097
|
201.96
|
237.29
|
35.33
|
0.07
|
incl.
|
207.04
|
219.60
|
12.56
|
0.14
|
and incl.
|
234.28
|
237.29
|
3.01
|
0.13
|
and
|
281.44
|
298.00
|
16.56
|
0.05
|
*The mineralized zones at Jacques Lake are
interpreted as a steep southeast dipping structure such that true widths
are approximately 80-90% of stated widths.
|
For a view of the updated long section
at Jacques Lake, please use the following link: www.aurora-energy.ca/files/JacquesLake_LS_073108.jpg
Jacques Lake is one of six uranium
deposits 100% owned by Aurora within the Central Mineral Belt of Labrador.
In three years, it has evolved from an undrilled surface showing to a
significant and growing deposit. Both the Jacques Lake and Michelin
deposits lend themselves to conventional open pit and underground mining
and processing techniques and both remain open for expansion.
ABOUT AURORA
Aurora is a uranium development company focused on the
Central Mineral Belt in coastal Labrador - one of the world's most
promising uranium districts. Aurora is currently completing its 2008 summer
work program, details of which can be found in the May 15, 2008 news
release titled, "Aurora's 2008 Work Program Aims to Progress Community
Efforts and Demonstrate Resource Value".
Aurora has no debt and approximately $113 million in
cash that is fully liquid and held with a large commercial bank.
Aurora is committed to responsible development, which
includes community consultation, lasting local benefits and the highest
standards of safety, health, and environmental protection.
For further information on Aurora, please contact:
Andrea Marshall
Manager, Government and Media Relations
709-726-2223
Don Falconer
VP, Corporate Development
416-362-5556
Corporate
Information
http://www.aurora-energy.ca/
Assay results have been prepared under the guidance
of Cameron McLean, P.Geo., Exploration Manager, CMB Project for
Aurora Energy Resources Inc., who is designated as a Qualified Person with
the ability and authority to verify the authenticity of and validity of
this data. Drill core was prepared and analyzed in accordance with industry
standards by Activation Laboratories Ltd, Ancaster, Ontario.
Except for the
statements of historical fact contained herein, certain information
presented constitutes "forward-looking statements". Such
forward-looking statements, including but not limited to, those with
respect to the timing and amount of estimated future resources and resource
conversion rates, future operations, project costs and production,
potential for expansion of resources and potential size of future
exploration programs and potential timing of receipt of permits and
classification of future mineral resources, and potential for future
benefits, involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievement of Aurora to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to the actual results of
current exploration activities, conclusions of economic evaluations,
uncertainty in the estimation of mineral resources, changes in project
parameters as plans continue to be refined, future prices of uranium,
environmental risks and hazards, increased infrastructure and/or operating
costs, labor and employment matters, and government regulation as well as
those factors discussed in the section entitled "Risk Factors" in
Aurora's most recent Annual Information Form available on SEDAR at www.sedar.com.
Although Aurora has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those anticipated in
such statements. Aurora disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Accordingly, readers should not
place undue reliance on forward-looking statements.
|