Abbastar Uranium Intersects Significant U3O8 Mineralization at Doran
05 February 2008 - 1:00AM
Marketwired Canada
Abbastar Uranium Corp. (the "Company" or "Abbastar") (TSX VENTURE:ABA) is
pleased to announce that it has received the results of the Company's Fall 2007
diamond drilling program at the Doran Main Showing ("Doran Showing"), situated
along the North Shore of the Gulf of St. Lawrence in Costebelle Township,
Quebec.
The program was comprised of 1,691 meters of drilling in 15 drill holes and was
designed to test the area between the North End Zone and the Hot Spot Zone, the
lateral extent of the Hot Spot Zone and to determine the south extension and
thickness of the Hill Top pegmatite, all of which are part of the Doran Showing.
The Doran Showing is located within 2,100 meters of Provincial Highway 138 at
the southern portion of the Doran Property where a 2006 diamond drilling
program, comprised of 1,196 meters in 16 drill holes, confirmed the existence of
uranium mineralization at the Doran Showing (Main Zone, North End Zone, Dyke
Zone and Hot Spot Zone).
Five new uraniferous pegmatite zones have been discovered during the recent
drill program. The combined 31 drill holes cover an area of approximately 275
meters long and 200 meters wide.
Sample results from the Fall 2007 campaign include:
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Interval (m) U3O8 Interval (ft) U
Hole From To Length % From To Length (lbs/t)
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44 47.67 52.95 5.28 0.036 156.40 173.72 17.32 0.71
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includes 47.67 48.58 0.91 0.099 156.40 159.38 2.99 1.98
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45 49.30 49.87 0.57 0.097 161.75 163.62 1.87 1.93
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47 9.65 18.90 9.25 0.018 31.66 62.01 30.35 0.36
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includes 9.65 11.28 1.63 0.032 31.66 37.01 5.35 0.64
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and 17.38 18.90 1.52 0.038 57.02 62.01 4.99 0.75
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101.65 102.74 1.09 0.028 333.50 337.07 3.58 0.57
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50 10.67 12.23 1.56 0.027 35.01 40.12 5.12 0.54
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51 6.24 9.20 2.96 0.026 20.47 30.18 9.71 0.52
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includes 7.62 9.20 1.58 0.036 25.00 30.18 5.18 0.73
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54 60.42 63.22 2.80 0.041 198.23 207.41 9.19 0.83
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includes 60.42 61.52 1.10 0.051 198.23 201.84 3.61 1.02
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55 3.20 16.77 13.57 0.017 10.50 55.02 44.52 0.33
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includes 8.85 16.77 7.92 0.022 29.04 55.02 25.98 0.44
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includes 8.85 12.50 3.65 0.026 29.04 41.01 11.98 0.53
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and 8.85 10.67 1.82 0.037 29.04 35.01 5.97 0.75
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56 10.90 27.68 16.78 0.023 35.76 90.81 55.05 0.46
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includes 17.57 27.68 10.11 0.030 57.64 90.81 33.17 0.60
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includes 17.57 21.25 3.68 0.040 57.64 69.72 12.07 0.81
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and 22.87 25.91 3.04 0.036 75.03 85.01 9.97 0.72
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68.50 70.00 1.50 0.067 224.74 229.66 4.92 1.33
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57 45.12 48.71 3.59 0.029 148.03 159.81 11.78 0.58
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includes 47.60 48.71 1.11 0.064 156.17 159.81 3.64 1.28
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56.17 61.60 5.43 0.015 184.28 202.10 17.81 0.30
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58 71.74 76.68 4.94 0.020 235.37 251.37 16.21 0.40
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includes 73.00 74.41 1.41 0.050 239.50 244.13 4.63 1.01
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106.70 108.84 2.14 0.026 350.07 357.09 7.02 0.53
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Senior Project Geologist, Michel Proulx, P.Geo., M.Sc., a Qualified Person as
defined in National Instrument 43-101, has reviewed and approved the technical
aspects of this news release.
Abbastar President, Gary Schroeder, comments: "The Doran Property was acquired
with the objective of delineating a Rossing-type, low-grade/large-tonnage
uranium deposit amenable to low-cost, surface mining methods. Once again, the
Company has confirmed uranium mineralization in all drill holes as we work
toward this objective. In addition, we have found higher grade uranium
mineralization to the north of the north extension in an area that is open in
all directions."
To date, 63 drill holes have been completed on five of 22 anomalies identified
on the Doran Property. Further drill targets are now being evaluated.
Complete drill results from the Fall 2007 program are being assembled and will
be posted on the Company website www.abbastaruranium.com.
On behalf of the Board,
Gary Schroeder, President & CEO
This document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectation implied by
these forward looking statements.
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