Post by Zoinkers on Oct 22, 2006 18:00:17 GMT -5
Press Release Source: Magnum Uranium Corp.
Magnum Uranium Completes Athabasca Basin Megatem II Airborne Geophysical Survey
Tuesday September 5, 6:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 5, 2006) - Magnum Uranium Corp. ("Magnum") (TSX VENTURE:MM - News) is pleased to announce the successful completion of an airborne electromagnetic geophysical survey on its wholly-owned, early-stage uranium property in the eastern Athabasca Basin. The survey, consisting of 5,600 line kilometers at 400 metre spacings, was implemented by Fugro Airborne Surveys Corp. using their state-of-the-art MEGATEM II system, under the direction of Jerry Roth of Stratagex Ltd. The survey covered a majority of Magnum's 416,000 acre property as well as some peripheral areas.
The purpose of the survey was to identify conductive graphitic horizons in the early Proterozoic basement complexes which constitute favourable environments for the location of uranium mineralization at or near the base of the Athabasca Basin sedimentary rocks, whose thickness ranges from approximately 200 to 400 metres on this large property.
Initial analysis of the EM data generated by the survey identified six favourable conductive anomalies associated with magnetic lows of probable to definite basement origin warranting follow-up analysis, including detailed ground electromagnetic surveys to more fully delineate priority geophysical targets. In addition, several linear magnetic lows which have associated conductivity on adjacent claims extend across Magnum claims, comprising additional favourable environments for subsequent exploration contingent on the results of evaluating the priority conductors.
A more complete interpretation of the survey data is ongoing, to include integration of prior airborne survey data, structural interpretation of the magnetic data, computer modeling of key magnetic and electromagnetic features, and evaluation of all available historic drill data.
Dr. John Carden, Ph.D., P.Geo., a Director and Consulting Geologist for Magnum and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.
Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Wyoming, Utah, Idaho, and Washington, and in Canada's Athabasca Basin.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
Contact:
Craig T. Lindsay
Magnum Uranium Corp.
President & CEO
(604) 683-2507
(604) 683-2506 (FAX)
info@magnumuranium.com
www.magnumuranium.com
--------------------------------------------------------------------------------
Source: Magnum Uranium Corp.
Magnum Uranium Completes Athabasca Basin Megatem II Airborne Geophysical Survey
Tuesday September 5, 6:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 5, 2006) - Magnum Uranium Corp. ("Magnum") (TSX VENTURE:MM - News) is pleased to announce the successful completion of an airborne electromagnetic geophysical survey on its wholly-owned, early-stage uranium property in the eastern Athabasca Basin. The survey, consisting of 5,600 line kilometers at 400 metre spacings, was implemented by Fugro Airborne Surveys Corp. using their state-of-the-art MEGATEM II system, under the direction of Jerry Roth of Stratagex Ltd. The survey covered a majority of Magnum's 416,000 acre property as well as some peripheral areas.
The purpose of the survey was to identify conductive graphitic horizons in the early Proterozoic basement complexes which constitute favourable environments for the location of uranium mineralization at or near the base of the Athabasca Basin sedimentary rocks, whose thickness ranges from approximately 200 to 400 metres on this large property.
Initial analysis of the EM data generated by the survey identified six favourable conductive anomalies associated with magnetic lows of probable to definite basement origin warranting follow-up analysis, including detailed ground electromagnetic surveys to more fully delineate priority geophysical targets. In addition, several linear magnetic lows which have associated conductivity on adjacent claims extend across Magnum claims, comprising additional favourable environments for subsequent exploration contingent on the results of evaluating the priority conductors.
A more complete interpretation of the survey data is ongoing, to include integration of prior airborne survey data, structural interpretation of the magnetic data, computer modeling of key magnetic and electromagnetic features, and evaluation of all available historic drill data.
Dr. John Carden, Ph.D., P.Geo., a Director and Consulting Geologist for Magnum and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.
Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Wyoming, Utah, Idaho, and Washington, and in Canada's Athabasca Basin.
ON BEHALF OF THE BOARD
Craig T. Lindsay, President & CEO
Contact:
Craig T. Lindsay
Magnum Uranium Corp.
President & CEO
(604) 683-2507
(604) 683-2506 (FAX)
info@magnumuranium.com
www.magnumuranium.com
--------------------------------------------------------------------------------
Source: Magnum Uranium Corp.