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Strateco Resources Inc.: The Updated Technical Report for the Matoush Uranium Project is Now Available
Il y a 2 heures - ACQUIREMEDIA
BOUCHERVILLE, QUEBEC--(Marketwire - Feb. 17, 2012) - Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) is pleased to announce that the technical report to support the updated resource estimate for the Matoush uranium project, located in the Otish Mountains in northern Quebec, is now available, in English only, in the "Matoush Project-Uranium Mineral Resources" section of the Strateco's website (www.stratecoinc.com) and will be on SEDAR within 24 hours (www.sedar.com).
Roscoe Postle Associates Inc. ("RPA") updated the resource estimate for the Matoush uranium project in accordance with National Instrument 43-101 using the drill results available at December 31, 2011, and similar methods to those used for the previous resource estimate (RPA, September 2009).
As reported by Strateco on January 4, 2012, the inferred resource at its Matoush project has increased by 50% since the last resource estimate in September 2009. The inferred resource now stands at 2.04 million tonnes grading 0.43% U3O8 containing 19.22 million pounds of U3O8.
Indicated resources are estimated at 453,000 tonnes at a grade of 0.78% U3O8for 7.78 million pounds of U3O8, which is similar to the 2009 estimate. Strateco did not carry out any definition drilling work which would have increased the indicated resource from November 2009 to October 2011. Strateco is planning a 15,000-metre drilling program for 2012, including some 11,000 metres of definition drilling aimed at outlining the indicated resource within the boundaries of the new inferred resource zones.
The indicated resource is contained in zones AM-15 and MT-34. The inferred resource is contained primarily in zones MT-22, MT-34 and AM-15 Extension, as well as in the new MT-02, MT-06 and MT-36 zones. The Matoush structure has been identified over a strike length extending 11 km southward and 2.5 km northward. See the "Matoush Project-Longitudinal" section on Strateco's website.
The increase in the inferred resource is explained first and foremost by exploration drilling carried out by Strateco on a 200-metre lateral spacing. This drilling led to the extension of the MT-34 zone, and the identification of the new MT-02, MT-06 and MT-36 zones. Strateco also drilled on a grid of approximately 75 metres to determine the inferred resource. It should be noted that the indicated resource in the AM-15 and MT-34 zones was estimated using holes drilled on a 10 to 25-metre grid.
No mineral reserves have yet been identified at the Matoush project. One of the goals of the underground advanced exploration program, which is expected to begin in 2012, is to convert the mineral resources to mineral reserves.
Table 1: Matoush Project Resource Esti
Cours de niveau 2
Teneur de marché Actions Cours acheteur Cours vendeur Actions Teneur de marché
-- 6,500 0.560 0.570 3,500 --
-- 84,000 0.550 0.580 2,500 --
-- 2,500 0.540 0.590 4,500 --
-- 6,000 0.530 0.600 12,000 --
-- 28,000 0.520 0.610 21,000 --
-- 59,000 0.510 0.620 33,500 --
-- 1,000 0.500 0.630 66,000 --
-- 2,000 0.495 0.640 51,000 --
-- 4,000 0.490 0.650 20,000 --
-- 1,000 0.485 0.660 41,500 --
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