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The Sagar property is located 190
kilometers north - northwest of Schefferville, in the
Province of Quebec. The property covers an area of
approximately 50 square kilometers.
The spectacular mineralization found in
the Mistamisk Boulder Field has fueled an ongoing drive to
discover its source since the late 1980's. The Mistamisk
Boulder field is approximately 500 X 250 meters in size and
contains many radioactive boulders. In a Virginia Mines
report, 70 boulders assayed an average of 64.9g/t Au and
1.3% U (with values up to 640 g/t Au and 4.11% U). Uranium
Star is the direct beneficiary of the extensive exploration
efforts incurred by Hemlo, Inmet, Virginia, and LaFosse
among others. These programs have shown that the Sagar
Property is characterized by an impressive amount of
uranium, gold, copper and lead/zinc mineralization of
different styles and potential deposit models.
Armed with this historical data, Uranium
Star, in the summer of 2006 conducted an extensive field
exploration program adding new, highly mineralized uranium
boulders to the north and south of the Mistamisk Boulder
field. Quaternary work has confirmed the direction of the
ice flow that produced the boulder field and initial water
sample results have produced distinct uranium anomalies up
ice to the boulder field. Uranium Star now believes that the source
area of the boulder field has been identified and is
planning a Winter Drill Program to test this hypothesis.
The property contains the 500 x 250 m
Mistamisk Boulder Field, which consists of 150 boulders.
These boulders range in content from:
Uranium: Up to 4.11% U
Gold: Up to 640 g/t Au
The average of 70 mineralized boulders is
64.9 g/t Au and 1.3% U . The source of the boulders has not
been discovered.
The Sagar Property has also shown extreme
upside potential through testing, containing Uranium-Gold
showings in albitized sediments:
Viking showing with grab samples as high
as 223 g/t Au & 0.1% U
Eagle showing with grab samples as high as 5.4 g/t Au & 1% U
Kish showing with grab samples as high as 1.0 g/t Au & 1% U
The final report of its extensive summer
water sampling program from the Sagar Uranium/Gold Property.
The report includes newly defined anomalies in two target
areas located southeast of Lake Mistamisk which are
coincident with the interpreted up-ice source area of the
Mistamisk uranium-gold Boulder Field as determined by
Quaternary studies conducted this year (see news release of
Oct 12, 2006).
In addition to the possible up-ice source
area, the water geochemical survey defined an extensive area
of low pH bogs surrounded by uranium - molybdenum and
uranium - copper anomalies on the Crowbush Grid. These
anomalies are coincident with high magnetic signatures. This
feature could be caused by a large scale redox phenomenon
related to a large uranium mineralized system.
The eastern Crowbush grid hosts a high
priority target in an area located approximately 2
kilometers to the east of the low pH bogs. These uranium -
copper and uranium - molybdenum anomalies are located on
favorable WNW and NW intersecting structures and have a
close association with a large alteration signature
identified by the water geochemical survey. Of added
significance field mapping has confirmed that this area
contains the host rock (albitized green mudstone) known for
hosting uranium - gold mineralization.
Water an Ideal Medium to Detect the
Geochemical Expression of Mineralization
Uranium Star's consulting geochemist has
stated "The Mistamisk Valley (Romanet horst) is
characterized by low relief and relatively little outcrop.
There are numerous streams and small ponds from which to
collect water. The drainage pattern indicates that the water
table is very close to surface and suggests that overburden,
though fairly continuous, is relatively thin. Under these
conditions, much of the drainage in the region will be base
flow along the overburden/bedrock surface prior to breaking
out to the surface at seepage points marginal to streams,
ponds, and lakes. This makes water an ideal medium to detect
the geochemical expression of mineralization from both
bedrock and overburden sources" (read the full report).
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