Compared to Strateco Dejour seems to be reporting nothing. Am I correct ?
Dejour drills 7.6 ppm U, 1,056 pp B on Sand Hill Lake
Dejour Enterprises Ltd (2) (C:DJE) Shares Issued 59,025,000Last Close 9/20/2006 $1.55Wednesday September 20 2006 - News Release
Mr. Robert Hodgkinson reports
DEJOUR ENTERPRISES LTD. URANIUM EXPLORATION UPDATE
Dejour Enterprises Ltd. hs provided an update on the uranium exploration program on the 100-per-cent-owned projects in the Athabasca basin, Saskatchewan, totalling 966,989 acres.
Since the last exploration update (see news release in Stockwatch dated July 13, 2006) Dejour has drilled an additional 1,671 metres in seven holes to follow up on significant results intersected in drilling on the R-Seven, Meanwell Lake and Sand Hill Lake projects. Of particular interest are the Sand Hill Lake results where two holes were drilled (SH06-7 and SH06-8) to follow up elevated sandstone geochemistry and alteration in hole SH06-06 (to 1.86 ppm (parts per million) uranium (U) and 833 ppm boron (B)), drilled in June. Hole SH06-08 intersected similar values (to 1.45 ppm U); hole SH06-07 intersected stronger alteration in the sandstone (to 4.63 ppm U, 573 ppm B) and in the bleached sheared graphitic basement rocks (up to 47.6 ppm U and 1,056 ppm B). This hole also shows a 10-metre offset of the unconformity relative to the surrounding holes. Of note is that there is very little historical drilling (10 holes) along the entire 6,000-metre-strike length of this conductive horizon. These results confirm that this conductive system is of definite interest -- there is graphite, faulting, alteration and anomalous geochemistry in both the sandstone and basement. Most positively the target is shallow, less than 200 metres. The Sand Hill Lake project is adjacent to the Cameco Virgin River property where drilling is in progress to extend the significant uranium mineralization of the Centennial zone discovery. Cameco considers this Virgin River property as one of their most important greenfield projects.
On the Meanwell Lake project two holes were drilled to follow up on hole MW06-2 (to 4.8 ppm U). Results were encouraging with 2.99 ppm U at the unconformity in hole MW06-4. On the R-Seven property three holes were drilled in July. Two holes were drilled to follow up hole RS06-06 (2.18 ppm U) and intersected zones of bleaching and quartz dissolution in the sandstone but no significant radioactivity or uranium. Hole RS06-09 was drilled to test near HK-006, an historic hole which intersected 1,079 cps at the unconformity. RS06-09 intersected several sections of bleached and fractured sandstone, and 3.68 ppm U and 66 ppm lead at the unconformity. The alteration, structure and elevated uranium and lead content confirm the validity of this target.
On the Sand Hill Lake and Virgin Trend North projects Dejour has budgeted $800,000 to complete 140 line kilometres of very deep-penetrating AMT surveys to define certain deeply buried graphitic horizons. Dejour has contracted Empulse Geophysics Ltd. and Quantec Geophysics to complete these surveys by the end of October, 2006. Preliminary results show deep conductive zones on the Virgin Trend North similar to and along strike from Cameco's Centennial zone discovery where drilling has intersected uranium mineralization (5.83 per cent U3O8) at the unconformity in multiple drill holes.
Dejour has also contracted Geotech Ltd. to fly 3,900 km of additional VTEM surveys by the end of October, 2006, budgeted at $650,000. This includes a detailed VTEM survey on the Sand Hill Lake property over a certain highly anomalous area drilled in the 2006 program. This survey will provide in depth geophysical information which should better define the basement geology, structural setting and size of this anomaly. The results of this survey, combined with the significant 2006 drilling results will be used to finalize the drilling program contemplated for the winter of 2007. Also included in this contract, Dejour will conclude VTEM surveys over its eight eastern Athabasca projects and on additional claims acquired to cover conductors detected by the 2005 Megatem II surveys.
J. Allan McNutt, PGeo, MASc, is the qualified person for Dejour's uranium projects.
© 2006 Canjex Publishing Ltd. |
