Post by Franko10 ™ on Nov 16, 2006 17:00:06 GMT -5
Star Uranium Provides Update on Copper/Gold Drill Program
14:57 EST Thursday, November 16, 2006
SASKATOON, SASKATCHEWAN--(CCNMatthews - Nov. 16, 2006) - Star Uranium Corp. (TSX VENTURE:SUV) is pleased to announce that a drill program on its 50% owned Anglo-Rouyn copper-gold property has been completed. Six holes totaling 739.6 metres were drilled, covering a strike length of 1.2 kilometres. Massive sulphides were encountered in all of the holes, and samples have been submitted for assay to TSL Laboratories in Saskatoon, an ISO accredited facility. Results will be reported by the Company when available, probably at the end of November.
The Company is also pleased to report that it has formed a wholly owned subsidiary, Star Diamond Corp. It is anticipated that Star Uranium will be soon receiving title to a 50% interest in a number of diamond claims in the Fort a la Corne area of Saskatchewan. Those interests, along with diamond claims currently held by Star Uranium, would then be vended into the new company, Star Diamond Corp., to better reflect their value.
The Company has also begun initial field logistics in preparation for a winter drill program on two of its uranium properties, Stony Rapids and Collins Bay.