Universal Intersects 1.61 Grams/Tonne Gold Over 3 Meters at Tact Property, Nevada
October 01 2009 - 8:00AM
Marketwired
Universal Uranium Ltd. (TSX VENTURE: UUL) (the "Company") is
pleased to report surface sampling and drill results for the first
four holes of its 14 hole drill program completed on its Tact gold
project located in north-central Nevada within the Battle
Mountain-Eureka Trend. Geologic mapping, surface sampling and
drilling have confirmed the presence of a large epithermal mineral
system located within the boundaries of the company's claim
position.
The mineralization is hosted in an atypical host rock, a quartz
monzonite that may open a path to a new host rock for the district.
The mineralized zones are characterized by quartz veining with
associated carbonate and iron oxide alteration. The altered zones
contain disseminated gold mineralization with moderate-to-deep
oxidation. The above attributes lend themselves to low cost open
pit, heap leach technology utilized by low grade gold deposits in
the vicinity.
The Tact project represents an exciting, under-explored
epithermal precious metals property within the highly productive
Battle Mountain mining district. "Our Tact project provides the
company with excellent potential for a discovery of bulk mineable
gold within one of the most prolific and concentrated gold trends
in the world," said Universal's president and chairman Ron Atlas.
"We will continue to evaluate the results of our exploration
efforts as we receive our assays from the 14 hole drill program
just completed."
Eighty-nine channel samples were collected from access roads
throughout the project area. The sampling length varies from 1 foot
wide (0.3 meters) to 60 feet in length (18.3 meters). Out of the 89
samples collected, 26 contained over 0.35 g/t gold with a high of
4.65 g/t over 13 feet (4 meters) in length. A true thickness cannot
be determined at this time due to restricted exposures of
bedrock.
Recent work combined with historic information has identified at
least nine targets within the 1780 acre property. The first four
holes of the company's drill program tested one of these targets,
the southwest area, defined by a series of mineralized low-angle
faults. This target was originally recognized from historic soil
sampling that demonstrated an elongated anomaly approximately 3000
feet (914 meters) in length and 300 feet (91.4 meters) in width.
Gold values in this anomaly ranged from lows of 0.1 g/t to a high
of 4.6 g/t gold. The following summarizes the results of the
drilling:
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Hole From To Interval Gold Interval Gold
Number meters meters meters grams/ton feet Ounces/ton
---------------------------------------------------------------------------
---------------------------------------------------------------------------
T09-1 57.9 69.6 10.7 0.35 35 0.01
---------------------------------------------------------------------------
T09-2 4.6 13.7 9.1 0.86 30 0.025
---------------------------------------------------------------------------
including 7.6 10.7 3.1 1.61 10 0.047
---------------------------------------------------------------------------
T09-3 118.9 125.0 6.1 0.39 20 0.011
---------------------------------------------------------------------------
T09-4 15.2 22.8 7.6 0.21 25 0.006
---------------------------------------------------------------------------
Drill holes T09-1 through T09-3 are wide spaced with over 450
feet (137 meters) between holes. Hole T09-4 is situated
topographically below Hole T09-2 and was drilled at an angle under
the mineralized interval encountered in T09-2. The intent of T09-4
was to intersect a near-vertical "feeder" source of mineralization
at depth.
The company believes the work completed to date, coupled with
the presence of eight additional targets defined by geologic
mapping, historic geophysical surveys, and geochemical sampling,
provide evidence of a large epithermal system underlying the
property. Considering the sampling and drilling results, and the
location of the property (situated within a prolific area of gold
production), the company is enthusiastic over its chance of success
on this project.
Information with respect to the Tact - Buff properties contained
in this press release is approved by Bert W. Jeffries, PGeo,
qualified person required under National Instrument 43-101.
Universal Uranium Ltd. (TSX VENTURE: UUL) is a publicly held
Canadian exploration company focused on acquiring, exploring and
developing mineral properties located in favorable geo-political
climates. The company is led by a highly skilled, experienced board
and management team with significant successes in managing early
stage mineral exploration companies.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
Standard & Poor's Listed
Issued Share Capital: 47,284,068
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. The Company seeks Safe
Harbour.
Contacts: Universal Uranium Ltd. William Galine Executive Vice
President (604) 662-3903 bgaline@universaluranium.com
www.universaluranium.com
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