Pitchstone & Uranium One
Resume Darby-Candle Drilling
Pitchstone
Exploration Ltd.
(PXP-TSX.V) is pleased to announce that Pitchstone and sxr
Uranium One Inc. (TSX: SXR) are resuming diamond drilling on the
Darby-Candle project. Hy-Tech Drilling Ltd. has been contracted to
do the drilling; crews are currently mobilizing to the site. It is
anticipated that approximately 2,000 meters will be drilled during
November and December.
Drilling will
continue to test selected portions of some 55 kilometers of
conductive zones on the properties. Earlier in the year anomalous
uranium was intersected at the Athabasca sandstone unconformity in
two holes (see April 13 & May 1, 2006 News Releases). Pitchstone is
operator of the project, which is situated in the eastern Athabasca
Basin, Saskatchewan, 20 kilometers northeast of the McArthur River
mine, the largest uranium producer in the world. Uranium One is
earning a 50% interest in five Pitchstone projects including Darby
and Candle.
Pitchstone is an
aggressive uranium exploration company with eight projects in the
eastern Athabasca Basin, Saskatchewan, five projects in the Hornby
Bay Basin, Nunavut and NWT, and an exploration partnership with
Cameco and Motapa Diamonds in the Franceville Basin, Gabon.
On behalf of the
Board,
E.A.G. (Ted)
Trueman, CEO and Director
For further information
contact: Ted Trueman, CEO, Pitchstone Exploration (604) 630 5563,
ted@pitchstone.net,
or Dan Barnholden, CEO,
Blueprint Investor Relations Consulting (416) 625 2334,
dbarnholden@blueprintir.com,
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This
news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties
and are subject to factors, many of which are beyond the Company’s
control, that may cause actual results or performance to differ
materially from those currently anticipated in such statements. |