Namibia Map

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Pitchstone has earned a 63% interest in two properties from Manica Minerals Ltd. through Manica's wholly-owned subsidiary Cheetah Minerals Exploration Ltd.  The two properties, Kaoko and Dome, total approximately 300,000 ha.  Kaoko is a sediment hosted uranium target.  Targets at Dome include granite hosted mineralization similar to the large Rössing uranium deposit.  Dome is also prospective for calcrete hosted uranium deposits similar to the nearby Langer Heinrich deposit.  The Rössing and Langer Heinrich mines are currently the only uranium producers in Namibia

Work on the properties to date has included geological mapping, scintillometer prospecting and radon surveying.  A core drilling program totaling 1,294 meters in eight holes was completed in February 2009 on a Rössing-style target on the Dome property.  Several holes from this program confirm the presence of favorable Damaran stratigraphy, including meta-sediments interpreted to belong to the Rössing and Khan Formations.  One hole intersected "alaskite" leucogranite, similar to that which hosts uranium mineralization at Rössing.

In early 2009, a zone of calcrete hosted uranium mineralization was discovered on the northern portion of the Dome property.  Samples from this zone of mineralization contain 196 to 1,620 ppm uranium (0.02 - 0.19% U₃O₈).  A ground electromagnetic survey was completed and several conductivity anomalies that may represent buried paleochannels (see the maps provided below) were tested with a drilling program totaling 734 meters in 37 holes that was completed in September 2009.  Significant radioactivity was observed in down hole gamma probe results in two drill holes.  A program of additional detailed electromagnetic geophysical surveying in November 2009 followed up on the calcrete target and identified potential paleochannels associated with the mineralization in DN09-23.  Reconnaissance EM surveying north of this area also located some additional conductivity highs that may be paleochannels.  More drilling in this area is being planned.

A new granite hosted uranium occurrence was discovered at Dome North during the November 2009 exploration program.  Two grab samples from sheeted leucogranite in this area contain 149 and 152 ppm .U₃O₈.  Follow up mapping and sampling on this new occurrence was completed in March 2010.

Dome Property Maps

                 Location Map           Gridded Conductivity   Conductivity Interpretation

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