Thelon Ventures Ltd.: The Drill is Turning on Pasfield Lake Uranium Project
Fri Jan 9, 8:30 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2009) - Thelon Ventures LTD. (TSX VENTURE: THV.V)(FRANKFURT: TFH.F)(the "Company") is pleased to announce that drilling is now underway at the Pasfield Lake property in the Athabasca Basin, Saskatchewan. Property details, including ownership, location maps and results from previous programs are available on the Company's website at www.thelonventures.com.
Northwest Diamond Drilling of Manitoba has been contracted to complete the current program, which is expected to last six to eight weeks. Targets will be tested on both the southeast side of Pasfield Lake where the Cable Bay Shear Zone has never been drill tested before, and on the northwest side of the lake where the Company completed two previous drill programs in 2007. Drill targets are based on the integration of geological features (uplift block), regional shear zones, geochemical anomalies, and geophysical features, including basement conductors, gravity lows and changes in near-surface resistivity.
This drill program follows up on three successful ground programs completed in 2008, all of which refined existing targets and delineated new ones. Approximately 70 line-kilometres of transient magnetotelluric surveys (AMT) were completed in April, both infilling and extending a previous survey. In June, a 140 line-kilometre airborne 3-D Full Tensor gravity gradient survey was completed to augment a prior survey and provide more detail for forward-modeled gravity profiles across the margins of the basement uplift block at Pasfield Lake. A systematic soil and bio-geochemical survey (greater than 1,000 samples on 9 lines) was carried out in July on the east side of the lake, which defined a significant anomaly (multiple elements in multiple samples from multiple lines) between the shear zone and the margin of the uplift block.
Glen MacDonald P.Geo. a qualified person has read and approved the content of this news release.
THELON VENTURES LTD.
On behalf of the Board of Directors
Jason M. Walsh, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts
Jason M. Walsh
Thelon Ventures Ltd.
President
(604) 682-1643
(604) 682-1666 (FAX)
Email: info@thelonventures.com
Website: www.thelonventures.com |
