TORONTO, ONTARIO--(Marketwire - Oct. 27, 2008) - UNOR Inc. (TSX VENTURE:UNI)(OTCBB:UNOFF) completed its 2008 Nunavut uranium field season last month and currently, discussions are underway with the Joint Cameco/Unor Technical Committee on the company's 2009 exploration program.
Major highlights of the 2008 field program include:
100% Owned Coppermine Property:
- Intersection (HB-08-60) of a 6.4 metre radioactive interval (58-64.4m) on the western fault boundary of the Hot Creek Graben. Priority assays of samples from the radioactive interval indicate a peak content of 0.105% U3O8 over 0.7 meters. Geological, geophysical and drill data confirm the importance of structure as a secondary control of mineralization.
- Imaging using natural electromagnetic field information indicates a major basement uplift in the centre of the property.
- Ground geophysics discovered a new conductor on claim CM 56 and a northern extension of the Wolf Creek conductor.
Cameco J/V Lac Rouviere Property:
- Discovery of 123 new radioactive boulders (cps range 300-11000) and 21 new bedrock occurrences (cps range in sandstone bedrock 270-1500; cps range in granitic bedrock 700-2400).
- Discovery of a cluster of 16 radioactive fault-rock boulders (Flare occurrence) in the southeastern part of the property, at the contact between the Lady Nye sandstone and the Great Bear granitic basement. Priority assay of sample MS-08-84 from one of the fault-rock boulders shows high U (345 ppm) along with high As (1270 ppm), and high Ni (873 ppm). Both high As and Ni are common in the Athabasca unconformity deposits.
- Continuation of mapping and prospecting of the property, which was started in 2007. Significant progress has been made in the bedrock mapping of the vast till-covered area in the western half of the property.
Airborne Magnetic-Gamma-Ray Survey:
Fugro Airborne completed a detailed (150 m flight line spacing) airborne magnetic-gamma-ray spectrometer survey covering the Cameco J/V Lac Rouviere Area - 16,230 line km), the northern parts of the company owned Coppermine property (1,490 line km) and the claims of the UNAD-JV (1,810 line km). The processing of the data is continuing and it is expected that results will be available by December 2008.
Statistics for field work completed during the 2008 season include the following:
- 9 drill holes (uranium) for a total of 1327 meters
- 100 drill core samples submitted for assay and PIMA studies
- 838 soil samples collected in 8 target areas for Soil Gas Hydrocarbon predictive geochemistry analysis
- 283 surface rock samples collected for assay
- 140 surface rock samples collected for mineralogical and PIMA studies
- 160.75 kilometers of ground geophysics on the Coppermine project
- 110.7 kilometers of ground geophysics on the Lac Rouviere JV
- Airborne gamma-ray/magnetometer survey: Lac Rouviere JV - 16,227 km; Unor (Coppermine Block) - 1,492 km; UNOR JV - 1,811 km
UNOR Inc. with its head office in Toronto, Ontario is a uranium exploration and development company with its principal mineral properties in Nunavut. UNOR's shares trade on the TSX Venture Exchange: UNI and Over-The-Counter in the United States: UNOFF. All of the company's uranium claims are located in Nunavut, Canada. Nunavut was created April 1, 1999 as a result of the Nunavut Land Claim Agreement and is the only jurisdiction in Canada that has settled its native land claim issues. In June 2006, Cameco Corporation acquired 19.5% of UNOR. The Strategic Alliance and the Joint Technical Committee agreements between the companies provides to UNOR ongoing uranium technical knowledge, guidance and exploration opportunities.
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