Ultra Uranium receives draft Kalnica-Selec report
2006-12-21 14:32 ET - News Release
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Mr. Raymond Roland reports
Ultra Uranium Corp. has received a draft 43-101 qualifying report on its 100-per-cent-owned Kalnica-Selec uranium property. Ultra is currently acting on recommendations in the draft report.
The draft report is primarily based on historical work. The uranium deposits at Kalnica-Selec were extensively explored and developed by the former Czechoslovak government's Uranovy Prieskum state enterprise. Exploration and development on this 28.91-square-kilometre property during this period included radiometric surveys, geological mapping, sampling, trenching, 339 drill holes and exploration adit driving.
Of the 339 drill holes, 171 holes were drilled to a maximum depth of 100 metres and 168 diamond drill holes were drilled to a maximum depth of 680 metres. Exploration also included many pits and trenches and three adits in addition to the diamond drilling. UP conducted test mining from three adits across mineralized lenses and the mined material was processed in the Czech Republic, and the concentrates were shipped to the former Soviet Union. In October, 2006, Ultra's consulting geologist completed additional radiometric surveys at Kalnica-Selec in compliance with current exploration expenditure requirements of the Slovak government.
The final version of the 43-101 report is expected to be released in the beginning of January, 2007. Dr. Bohumil Molak, PGeo, is the qualified person for this project and has reviewed this news release.
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