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Pitchstone EM Survey Generates Uranium Targets in Namibia
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Dome North Ground EM
Survey Completed
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Paleochannel Targets
Identified
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Drilling Planned
Pitchstone
Exploration Ltd.
(TSX-V: PXP; “Pitchstone”) reports the completion of a ground
electromagnetic (EM) geophysical survey on the Dome property in
Namibia. The project is a uranium exploration joint venture between
Pitchstone (55%) and private company Manica Minerals Ltd. (45%)
through Manica’s wholly-owned subsidiary Cheetah Minerals Exploration
Ltd. The property is located 65 kilometers south-southwest of the
Rössing uranium mine and 60 kilometers southwest of the Langer
Heinrich uranium mine.
The EM survey consisted of 128 line kilometers within an
8,000 hectare area at Dome North that includes a zone of calcrete-hosted
uranium mineralization discovered during an exploration program
completed in March of this year (see April 21, 2009 news release).
Five of six grab samples from the zone are mineralized and contain 196
to 1,620 ppm uranium (0.02-0.19% U3O8).
Mineralization consists of a yellow uranium-vanadium oxide that occurs
within sparsely exposed conglomerate over a 2.5 kilometer long portion
of a dry drainage channel.
The EM survey was successful in identifying several elongate
conductivity anomalies that may be related to buried paleochannels.
Some of these anomalies are adjacent to or near the mineralized area,
and several are coincident with radon anomalies identified during a
survey completed in 2008. A map showing the interpreted EM results
can be viewed on Pitchstone’s website (www.pitchstone.net).
Planning is under way for a reverse circulation drilling
program to test the uranium mineralization and targets generated by
the EM and radon surveys. Field work is being conducted by Cape Town
based Remote Exploration Services on behalf of the joint venture.
Steve Blower, P.Geo., President of Pitchstone, is the
Qualified Person for the purposes of NI 43-101 with respect to the
technical information in this news release. Sample preparation and
analyses were done by ALS Chemex, Johannesburg. A multi-element ICP-MS
analysis was completed on the samples after a four acid, near-total
digestion. Pitchstone utilizes internally and externally submitted
standard reference materials for quality assurance and quality control
of the sample preparation and analyses.
About Pitchstone
Pitchstone is well funded and exploring for uranium in four
proven districts. The property portfolio
features 12
projects in the eastern Athabasca Basin, Saskatchewan, four of which
are 100% owned. In addition, there are four joint venture projects in
the Hornby Bay Basin, Nunavut, an exploration partnership in the
Franceville Basin, Gabon, and a joint venture on two projects in
Namibia. Pitchstone benefits from the collaboration of a unique group
of geologists with extensive uranium exploration and production
experience.
On behalf of the Board,
E.A.G. (Ted) Trueman, CEO & Chairman
For further information contact Claire
Stewart at 604 630 5563, Mark T. Brown, CFO, at 604 687 3520, or visit
www.pitchstone.net.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts 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
Pitchstone’s control, that may cause actual results or performance to
differ materially from those currently anticipated in such statements.
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