KELOWNA, BC, May 7, 2014 /CNW/ - MPVC Inc. (TSXV : UNO)
("MPVC", the "Company") is pleased to report the receipt of highly
anomalous results from a recently completed, radon in water survey
over Maguire Lake. This is located within the Company's Northwest
Manitoba Uranium project which was recently optioned from CanAlaska
Uranium Limited.
Radon In Water Survey Highlights
MPVC's radon in lake water survey is now complete at Maguire
Lake, located within the 143,603 hectare Northwest Manitoba project. The radon
survey was conducted by RadonEx Exploration Management of
St. Lazare, Quebec and comprised
of 1,399 samples collected over the 10km length of Maguire
Lake. Sample stations were located at 25m intervals along
lines spaced at 200m.
To date only preliminary results have been received from
RadonEx, and RadonEx has advised the company that these results may
be subject to minor adjustments when the data is normalized.
It is expected that the results could increase or decrease by up to
10%.
The radon in water results are exceptionally high. To the
author's knowledge the only survey to have higher radon in water
results is the Patterson Lake South survey which outlined Fission
Uranium's recent exceptional uranium discovery. At Maguire
Lake the radon in water results ranged from -124 to 573 picocuries
per litre (pCi/L). Of the 1,399 samples, 41 samples had
results greater than 100 pCi/L, 14 samples had results greater than
200 pCi/L, 8 samples had results greater than 300pCi/L and 4
samples had results greater than 400pCi/L.
Of significant note, these results extend linear trends defined
by the AlphaTrack Services' radon in soil survey previously
completed over the land portions of the 10km x 3km Maguire Lake
survey area. Similar to the AlphaTrack survey the Radonex
results show that the survey area in general has an elevated radon
gas content, potentially reflecting buried uranium occurrences at
depth.
Radon Anomalies and Geophysical Survey Results
The Maguire Lake area has had an airborne magnetic / VLF /
radiometric survey flown in 2006, an airborne VTEM survey by
Geotech in 2007 and a limited ground gravity survey in 2012.
MPVC contracted Initial Exploration Services to complete a ground
gravity survey to fill in the missing areas of the previous gravity
survey to provide complete gravity coverage over Maguire
Lake. The field collection of the gravity data is now
complete and the company is awaiting the results.
The 2006 airborne magnetic survey outlined broken and repeated
magnetic units thought to represent folded and faulted units.
Faulting can provide the structural pathway for mineralizing fluids
to travel. The VTEM survey in 2007 identified a 35km long
linear conductive unit, which parallels the northern shore of
Maguire Lake and lies within the radon survey area. This
conductor is thought to reflect a graphitic unit, which could act
as a reductant, causing uranium to precipitate out of the
mineralizing fluids. Within the existing ground gravity
coverage there are several gravity lows. These gravity lows
could represent the alteration haloes in rocks near where
mineralizing fluids are present. This alteration typically
decreases the density of the rocks, thereby producing a gravity
low.
The combination of both the radon and geophysical results have
identified numerous potential drill targets that could contain
significant uranium mineralization within the Maguire Lake focus
area. The highly prospective nature of the Maguire Lake area
is borne out by the previous prospecting results that have
identified in situ mineralization of up to 9.5%
U3O8 and boulders containing in excess of 65%
UÂ3O8.
Future Work
A rotary air blast drill is set to be mobilized to the
project. It is expected to be on site in the near
future. In addition, a state of the art high resolution gamma
spectrometer system is being mobilized to site to analyze drill
cuttings for uranium and its daughter products. The system is
intended to be utilized to detect young uranium which is not
radioactive and therefore not detectible with other field
instruments. The spectrometer is also capable of detecting
radon which has a half life of 3.8 days and lead 210 which has a
half life of 22 years. With this instrument the Company will
be able to provide near real time results to guide its ongoing
exploration.
If the shallow but quick rotary air blast drill does not
intersect uranium mineralization in the bedrock underlying glacial
tills, the detection of anomalous young uranium, radon or lead 210
ascending along fractures would signal the presence of an uranium
deposit at depth. A core drill unit capable of penetrating to
depths of 1,000 meters is presently being mobilized to the site so
that potentially deeper deposits detected with the new
instrumentation can be tested.
The technical information and results reported here have been
reviewed by Chad Ulansky, PGeol, a
qualified person under National Instrument 43-101, who is
responsible for the technical content of this release.
Dr. Charles
Fipke
Consultant Geologist
SOURCE MPVC Inc.