Vancouver – Labradors Central Mineral Belt (CMB) continues to prove its uranium potential: the latest drill results from Crosshair Exploration and Minings (CXX-V, CYZ-X) large CMB project show long U3O8 intercepts.
Crosshairs main CMB focus is the C Zone, which is divided into two distinct mineralized systems. The Upper C Zone hosts a polymetallic, structurally-controlled deposit at open pit-able depths. One of the major goals of Crosshairs current 40,000-metre, three rig drill program is to increase the uranium resource at Upper C, which hosts a NI 43-101-compliant resource of 3.75 million tonnes grading 0.039% U3O8 and 0.077% V2O5 in the indicated category as well as 4.29 million tonnes of 0.027% U3O8 and 0.063% V2O5 inferred.
The first assay back from the drill program intersected the thickest and highest grade zones drilled to date on the property while also extending the mineralized zone northeast. Hole 87 returned 0.1% U3O8 over 45.7 metres from 82 metres depth, including 1.54% U3O8 over 2.3 metres near the bottom of the intercept.
Hole 90, collared 100 metres west in the centre of the deposit, cut 67.5 metres of 0.06% U3O8 starting only 39 metres downhole and including 8.3 metres of 0.44% U3O8. And hole 96, set up 200 metres southwest along strike, returned 40.6 metres grading 0.05% U3O8 and 0.08% V2O5.
The Upper C deposit has been traced for 700 metres along strike and 400 metres down dip, and remains open in all directions. Crosshair geologists believe the Upper C mineralization extends to the southwest into a target zone 1.5 km distant called Area 1. Area 1 has seen 15 drill holes intersect mineralization, including 3 metres of 0.32% U3O8 within 11.5 metres grading 0.11% U3O8.
Crosshair is also drilling at Lower C, a second zone of mineralization sub-parallel to Upper C. Lower C mineralization has been traced over 800 metres strike and 675 metres down dip, also open in all directions. Lower C hosts an inferred resource of 2.03 million tonnes grading 0.046% U3O8 and 0.042% V2O5.
Be the first to comment on "Crosshair cutting U3O8 core in Labrador"