Aurora Continues to Expand Zones at Michelin Uranium Deposit, Labrador
VANCOUVER, BRITISH COLUMBIA–(Oct. 17, 2007) – Aurora Energy Resources Inc. (“Aurora”) (TSX:AXU) is pleased to announce the results of further drilling on its 100% owned Michelin Uranium Deposit in Labrador. The results are part of the larger 2007 drilling program on Aurora’s assets in the Central Mineral Belt.
Aurora recently received assays for four holes testing the deep extension of the Michelin Main Zone. Two holes in particular, M07-069 and M07-045A, located 100 metres and 150 metres down-plunge from the known resource respectively, returned encouraging results, including:- Drill hole M07-069 which intersected 0.25% U3O8 over 9.5 metres including 0.31% U3O8 over 7.5 metres
– Drill hole M07-045A which intersected 0.13% U3O8 over 5.6 metres
Two diamond drill rigs are continuing to test the down-plunge extension of the Main Zone on 100 metre centres to a vertical depth of 1,000 metres and will do so until the end of the season.
New assays were also returned for an additional eight holes on the Eastern Shoot, located 250 metres east of the Main Zone within the same mineralized horizon. The zone continues to demonstrate consistent grade and width with depth and appears to be displaying a similar geometry to the Main Zone. Highlights include:
– Drill hole M07-072 which intersected 0.24% U3O8 over 10.1 metres
– Drill hole M07-060A which intersected 0.16% U3O8 over 6.8 metres
– Drill hole M07-065 which intersected 0.16% U3O8 over 6.5 metres
– Drill hole M07-066 which intersected 0.15% U3O8 over 8.9 metres
One diamond drill rig is currently focusing on delineating the Eastern Shoot over a strike length of 200 metres and to a vertical depth of 600 metres. The zone remains open at depth.
“We are very encouraged by the continuity of the Eastern Shoot and also the persistently high grade nature of the Main Zone at depth,” said Ian Cunningham-Dunlop, Vice President – Exploration, Aurora Energy. “Our efforts for the remainder of the year will focus on continuing to expand both these zones”.
More detailed results can be found in the table on the following page.
An updated vertical longitudinal section of the Michelin Deposit will be posted on the Aurora website shortly.
The orientation of the mineralized zones at Michelin is interpreted to be steeply south dipping and stated widths are approximately 80-90% of true widths.
Please visit here to view full press release.
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