Virginia Energy Resources Inc.

Published : March 26th, 2008

Commences Drilling at Burbidge Lake Uranium Project, SK

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Wednesday, March 26, 2008
Santoy Commences Drilling at Burbidge Lake Uranium Project, SK


 

News Release: 08-04

Santoy Resources Ltd. (TSX.V: SAN) is pleased to announce commencement of 4 hole diamond drilling program on its 100% owned Burbidge Lake Uranium Project, located in Wollaston Lake fold belt rocks, approximately 60 km southeast of the Key Lake Mine in northern Saskatchewan. The property covers the historic BURR occurrence, discovered and explored in the early 1950's. The showing is hosted by a sheared and faulted calc-silicate horizon in meta-arkosic rocks of the Wollaston Domain. This is a similar geologic setting to mineralization being explored in the belt by JNR Resources and others. The historic Rabbit Lake mine was hosted in similar Aphebian-age rocks.

The objective of the drill program will be to confirm historical reported uranium intersections and to potentially extend the strike and depth extent of the mineralization. It will also be important to determine the age of the uranium mineralization to ascertain whether it might represent an Aphebian-age occurrence (such as Rabbit Lake) or whether the mineralization is younger (with affinities to unconformity-type hosted deposits).

The qualified person, as defined by National Instrument 43-101, responsible for review of technical information in this news release is J. R. Allan, P. Geol.

About Santoy Resources
Santoy Resources Ltd. is a mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in the Athabasca Basin of Saskatchewan, in Wollaston Domain rocks in northern Manitoba, on the advanced Blizzard uranium deposit in south-central British Columbia, in the Otish Mountains of Quebec, and in the Central Mineral Belt of Labrador. A description of our properties, including maps and photographs, can be viewed on the Company's website at www.santoy.ca.

On Behalf of the Board of Directors
SANTOY RESOURCES LTD.

"Ron Netolitzky"

R. K. Netolitzky, President & CEO

Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For further information contact:
Ron Netolitzky, President or Tony Perri - Investor Relations, Manager
Suite 611, 675 W. Hastings Street Vancouver, British Columbia, Canada V6B 1N2
Tel: (604) 669-4799 Fax: (604) 669-2543 Website: www.santoy.ca

 

 

 

 

 

 

Virginia Energy Resources Inc.

DEVELOPMENT STAGE
CODE : VAE.V
ISIN : CA9278051011
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Virginia Energy is a gold and cobalt exploration company based in Canada.

Virginia Energy develops gold, cobalt and uranium in USA, and holds various exploration projects in Canada.

Its main asset in development is COLES HILL PROPERTY in USA and its main exploration properties are ALIMAK/DECADE, RKN/GOLDEN HEART AREA, KASMERE LAKE, HAZEMPA LAKE, FIR ISLAND, PATTYSON LAKE, DOWLER LAKE, KARPINKA LAKE, THE BOW RIVER, ATHABASCA WESCAN SANTOY JV, OTISH, HAWK RIDGE, BLIZZARD, HATCHET LAKE, MUSTANG LAKE and BINGO in Canada.

Virginia Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.0 millions as of today (US$ 7.2 millions, € 5.2 millions).

Its stock quote reached its highest recent level on February 23, 2007 at CA$ 8.00, and its lowest recent point on April 17, 2009 at CA$ 0.07.

Virginia Energy has 57 230 614 shares outstanding.

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Annual reports of Virginia Energy Resources Inc.
2008 Annual report
2007 Annual Report
Financings of Virginia Energy Resources Inc.
1/28/2013Completes Expanded Financing
1/25/2013Expands Financing
7/18/2009Closes First Tranche of Private Placement Financing
7/17/2009Amends Private Placement Financing Terms
12/18/2007 Oversubscribes Private Placement Financing
11/30/2007 Proposes $5 Million Private Placement
10/16/2007Acquires 1,000,000 Shares of Boss Power Corp. and Closes $1,...
8/27/2007Adjusts Previously Announced $1.0 Million Private Placement
8/11/2007 Announces $1.0 Million Private Placement
3/1/2007Increases Proposed Private Placement Financing
Option Grants of Virginia Energy Resources Inc.
2/16/2011Grants Incentive Stock Options
Nominations of Virginia Energy Resources Inc.
6/14/2013Announces Appointment of Investor Relations Consultant
Project news of Virginia Energy Resources Inc.
8/16/2013Announces Clarification of Technical Disclosure and Revision...
5/28/2012(Fir Island)Identifies Resistivity Lows along Black Lake Fault at Fir Is...
4/16/2012Named in Lawsuit by Sparton Resources
3/14/2011(Otish)Commences Two Drilling Programs
5/26/2009(Bingo)Announces Updated Resource Estimate on Saskatchewan Gold Pro...
3/26/2008(Burbidge)Commences Drilling at Burbidge Lake Uranium Project, SK
2/26/2008(Anomaly 7)Announces Results of Phase 2 Drilling on the Anomaly 7 Prope...
11/1/2007(Anomaly 7)Santoy Reports New Uranium Discoveries from Prospecting in t...
9/25/2007(Mustang Lake)and Mega Commence Drilling at Mustang Lake, CMB, Labrador
6/5/2007(Otish)Santoy-Melkior Announce Resumption of Drilling and Explorati...
Corporate news of Virginia Energy Resources Inc.
12/20/2013Provides Update
3/28/2013Comments on Quebec Uranium Study
2/15/2013Provides Legislative Update
9/27/2012and Anthem Resources Complete Plan of Arrangement
9/24/2012Provides Update on Plan of Arrangement
7/12/2012Signs Arrangement Agreement for Spin Out and Merger Transact...
6/11/2012Signs Letter Agreement for Spin Out and Merger Transaction
5/10/2012(Hawk Ridge)Commences Airborne VTEM Survey at Hawk Ridge
4/10/2012(Hawk Ridge)Signs Definitive Agreement to Option Hawk Ridge
2/7/2012(Hawk Ridge)to Monetize the Hawk Ridge Assets
6/16/2011s Drill Program in Labrador
5/30/2011(Otish)to Proceed with Drill Program for Otish Basin, QC
5/3/2011Metallurgical Studies Initiated on Coles Hill
1/12/2010and Mega Uranium announce prospecting results from Bruce Riv...
9/16/2009Virginia Completes Uranium Program and Acquires More Land
7/21/2009and Virginia Uranium Complete Business Combination
11/26/2008Provides Saskatchewan Gold Exploration Update
8/6/2008Expands Scope of Exploration Efforts in Saskatchewan
6/12/2008Completes Drill Program on Central Mineral Belt Uranium Proj...
4/29/2008Responds to BC Government Halt on Uranium Exploration and De...
2/25/2008 and Mega Provide Results from Drilling at Mustang Lake and ...
11/14/2007Commences Drilling at Fish Hawk Lake in the CMB, Labrador
10/4/2007 Denison Joint Venture Provides Progress Report, Athabasca B...
7/30/2007reports Exploration/Drill Plans on Uranium Claims in CMB, La...
7/18/2007Reports Exploration/Drill Plans on Uranium Joint Venture, At...
6/15/2007Announces Closing of Blizzard Transaction
6/5/2007Reports Drill Results From Fish Hawk Lake, CMB, Labrador
5/29/2007/Melkior Announce Temporary Suspension of Drilling at Otish ...
5/24/2007Santoy-Melkior Commence Drilling at Marc-André Uranium Occur...
5/14/2007Reports Drilling completed at Fish Hawk Lake, CMB, Labrador
3/14/2007Santoy-Wescan Joint Venture Reports Uranium Exploration Resu...
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