News Releases
| November 28, 2008 Otish and Pom Pom Exploration Update | |
| News Release 2008-4 Nova Uranium is pleased to provide a summary for its 2008 Quebec uranium exploration programs for the Otish Mountain and Pom Pom projects. The two project areas have been subjected to fast-paced and systematic regional-scale exploration programs which include airborne geophysical surveying, prospecting and in the case of select Otish claims, a lake sediment sampling survey. The airborne radiometric/magnetics geophysical surveys for both Otish and Pom Pom were completed in mid-June. Shortly afterward, commencing in early July and finishing in late September, Nova's field crews carried out prospecting surveys of historical showings and newly identified airborne geophysical anomalies for these two extensive project areas. A total of 2,709 line-kilometres of geophysical surveying were flown, 655 rock samples and 106 lake sediment samples were collected and more than 3,800 geological data points were recorded from the two combined project areas. All geophyscial, geological and analytical results have been delivered to Nova. Otish Mountain Nova controls eight separate claim blocks in and around the Otish Sedimentary Basin uranium exploration camp, totalling 11,400 hectares (28,169 acres). The airborne geophysical survey covered Blocks 1 through 7; while a detailed lake sediment sampling program was carried out on Blocks 1 to 4. With helicopter support, Nova's four man field crew prospected more than 80 radiometric geophysical anomalies. A total of 289 rock samples were collected and 1,082 geological data points were recorded. Prospecting dominantly focused on priority areas which have important traits similar to the structurally-related uranium Matoush deposit; such as distinct linear geophysical anomalies, particularly in a north-south direction, which may be related to bedrock hosted mineralized structures or locally transported glacial till. The Otish airborne geophysical survey successfully identified more than 80 near-surface radiometric anomalies and numerous subsurface magnetic signatures. The ground-based follow-up work on Blocks 1 to 3, which are located within the Otish sedimentary basin, shows that these areas are broadly covered by glacial till which masks both the geochemical and geophysical responses; very few bedrock outcroppings were discovered, thus rock samples collected were from glacially transported boulders. Prospecting work completed on Blocks 4 to 8, which cover Archean Basement rocks outside the limits of the Otish sedimentary basin, shows that these areas have less extensive glacial till cover and as a result bedrock outcroppings and insitu rock samples are more common. Site visits to almost all Otish geophyscial targets, which are often marked by moderate sized equivalent uranium point source high anomalies, are mostly attributed to glacially transported moderately radioactive boulders. Samples collected from these boulders report generally sub-anomalous uranium analytical results. Some rock samples collected from Blocks 7 and 8 have yielded some notable uranium and base metal values. On Block 7, a sub-rounded boulder of hematized granite reported 478ppm uranium and samples collected from outcrops of sulphide enriched meta-volcanic rocks reported moderately anomalous zinc (0.4%), lead (0.1%), copper and nickel. On Block 8, a narrow (< 1.0 metre wide) highly radioactive zone was discovered. A 0.2 metre rock chip sample collected from an outcrop of biotite schist yielded 3,351 ppm uranium (6.6 lbs/ton U3O8) along with elevated concentrations of copper, lead, zinc and nickel. The narrow and laterally extensive biotite schist is found at the contact between a granitic body and a meta-volcanic formation; it has been followed along strike for more than 50 metres. Samples collected from the lake sediment survey reported dominantly sub-anomalous analytical values. Pom Pom (James Bay) The Pom-Pom project is located on the east side of James Bay, Quebec, approximately 80 kilometres southeast of the small community of Radisson. The project consists of three property blocks, covering 9,151 hectares (22,612 acres) of land, located within the prospective paleo-placer James Bay Uranium District which hosts the Apple Uranium Deposit. With helicopter support, Nova's eight man field crew prospected more than 50 radiometric anomalies and numerous subsurface magnetic signatures. A total of 366 rock samples were collected and over 2,700 geological data points were recorded. Prospecting efforts dominantly focused on priority areas which have strong uranium or magnetic geophysical signatures. The ground-based follow-up work on the West Block indicates that the area is underlain by an extensive ultramafic rock measuring an estimated 200m wide by 14 kilometres long; as defined by a prominent airborne magnetic high anomaly. Rock samples collected from the ultramafic unit contain anomalous nickel and chromium values; ranging from 1,329 to 3,222 ppm Ni and 284 to 1,154 ppm Cr. Rock pulps for five select samples have been submitted for platinum and palladium analyses. Rock samples collected from the block's outcrops of radioactive pegmatites and gneisses yielded weak to sub-anomalous uranium values. A sample collected from a rusty meta-sedimentary rock reported a notable gold value of 9.68 g/t, with 0.57% copper and 16.0 g/t silver. Central Block prospecting shows that the area is dominantly underlain by weak to locally moderate radioactive pegmatites and gneisses. Samples collected from outcrops on this block yielded weak to sub-anomalous uranium values; ranging from sub-anomalous to a local high of 398.4 ppm uranium (0.8 lbs/t U3O8). East Block prospecting reports that the area's geophysical uranium high anomalies are also associated with a mixed package of rocks including pegmatite dikes and paragneisses. The lateral extent of these pegmatite units can be extensive, forming units exceeding 500 metres long. However, surface scintillometer surveying indicates that radioactivity within these rocks is highly variable and typically averages from low to moderate radioactivity, with only local uranium highs. Samples collected from pegmatite outcrops on the East Block yielded weak to sub-anomalous uranium values; ranging from sub-anomalous to a local high of 840.6 ppm uranium (1.7 lbs/t U3O8). Continuous chip sampling of a pegmatite body yielded a best interval of 6.2 metres of 309.7 ppm uranium (0.62 lbs/t U3O8). Mr. Michael Moore, PGeo is the qualified person who has reviewed the technical information contained in this news release on behalf of the Company. Rock samples were collected under the supervision of Mr. Jean-Marie Pronovost Geo. Rock samples were shipped to Acme Labs (Vancouver BC). Acme is an ISO 9001:2000 accredited laboratory. The samples were prepared for analysis by fine crushing (75% passing a 2mm screen), then a 250 gram split was pulverized (85% passing a 75 micron screen). Acme subjected a 0.25 gram sub-split to a high temperature four acid very near total digestion. ICP spectrometry analyses were conducted on the digested solutions. All coarse rejects and sample pulps are currently stored at the Acme facilities. Further information is available on the company's website www.Novauranium.com ON BEHALF OF THE BOARD "Donald G. Moore" Donald G. Moore Chairman, CEO and Director | |
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