Bearclaw Capital Corp. Reports Results of Summer Exploration Programs on James Bay and Wakeham Basin Properties
03 Noviembre 2008 - 1:08PM
Marketwired
Bearclaw Capital Corp. (TSX VENTURE: BRL) (FRANKFURT: 5BQ) is
pleased to announce the results of its summer 2008 exploration
program on its Wakeham Basin and James Bay prospective uranium
properties in Quebec. The programs were carried out under the
supervision of some of the foremost specialists in Quebec uranium
geology and exploration: Emilien Seguin, a director of Bearclaw,
Benoit Magrina, Ramin Salkhi, and Kamal Sharma. Bearclaw spent a
total of more that $2.1 million on the programs, which explored
close to 1000 sq. km. of property subject to claims owned by
Bearclaw. The programs followed up on sampling and geophysical work
performed in 2007. "We are very pleased to have concluded a
comprehensive exploration program of our two Quebec properties",
said Christian de Saint-Rome, Bearclaw's president.
James Bay
Bearclaw carried out its exploration program between June 12th
and August 5th on its properties situated to the south and north of
Grande Riviere de la Baleine in the far north of Quebec. The field
exploration work was carried out by a team of 13 persons, which
included three geologists, from a base camp established on Grande
Riviere de la Baleine, about 230 km NE of Radisson, Quebec, and
about 130 km NNW of LG-4 Dam on La Grande Riviere.
Bearclaw's James Bay property lies in archean terrain. As the
only known uranium deposits in archean terrain are of the
conglomerate type (which are found in sedimentary rocks), and as
sedimentary rocks are largely absent from Bearclaw's property, the
exploration program consisted of two parts: an airborne survey
seeking uranium anomalies, followed by a ground exploration program
that focused on the significant uranium anomalies identified by the
survey.
Prospect'Air of Val d'Or, Quebec, conducted airborne gamma ray
spectrometer radiometric and magnetic surveys, at 100 meter
spacing, of the whole property. These surveys permitted the
delineation of regions with anomalous radioactivity. Most of the
significant uranium anomalies identified using the results of the
airborne survey were then checked on the ground during the
summer.
Forty-two grab samples taken from the property were analysed at
ALS Chemex labs in Vancouver, B.C., using protocol ME-MS61, which
includes an aqua regia digestion and ICP MS analysis of 61
elements. The analysis of those samples showed results that ranged
from 1 ppm U to 1270 ppm U - one-third of the samples showed
results in excess of 150 ppm U, and four showed results in excess
of 600 ppm U.
As not all of the results of the airborne survey had been
received by the end of the exploration season, the supervising
geologists have recommended that the remaining results by analyzed
by a geophysicist for additional anomalies, and that planning for
the next field season be determined only after that analysis has
been completed.
Wakeham Basin
The exploration program on Bearclaw's Wakeham Basin claims ran
from May 26th until July 22nd. Two geologists worked with a team of
four for the first two weeks of the program and a single geologist
supervised the team's work for the remainder of the program.
The most favourable regions for ground exploration were chosen
using the results obtained from the airborne radiometric survey of
the property conducted in 2007, supplemented by analysis of
magnetic, geologic and topographic maps. These regions were then
divided into smaller zones, each of which was prospected using
handheld spectrometers and scintillometers in an east-west
direction with an estimated spacing of 100 meters. Based on the
results obtained from the ground gamma ray spectrometry, a number
of rock samples were obtained. Nineteen samples were sent to ALS
Chemex labs in Vancouver, B.C. for quantitative chemical analysis.
Duplicate samples are being preserved at the camp as a reference
for possible future studies. Analysis of the samples showed results
that ranged from 0.4 ppm U to 860 ppm U - five of the samples
showed results in excess of 100 ppm U, and two samples showed
results in excess of 10,000 ppm copper.
The supervising geologists have noted that there are a number of
interesting results identified by the airborne survey that should
be considered for future ground exploration.
Emilien Seguin, a director of the Company, and Kamal Sharma,
both of whom are qualified persons for the purposes of National
Instrument 43-101, oversaw the exploration programs for the Wakeham
Basin and the James Bay properties, respectively, and both reviewed
this press release.
This news release may contain forward-looking statements. Known
and unknown risks and uncertainties may cause actual events or
results to materially differ from those expressed or implied by any
such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Bearclaw Capital Corp. Christian de Saint-Rome
514-876-1001
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