Suite 650 - 789 West Pender
Street, Vancouver BC V6C 1H2
|
Telephone: 604-685-9255
|
Toll Free 1-800-449-4435
|
Friday, January
09, 2009
Northern Continental Announces 2009 Winter Exploration Plans at Russell
Lake
Northern
Continental Resources Inc. announced today a 2009 winter exploration
program of geophysical surveying and diamond drilling at the Russell Lake
Uranium Project, located in the Athabasca Basin of northern Saskatchewan,
Canada. The work is expected to begin by the third week of January 2009.
Russell Lake is a joint venture between Northern Continental and Hathor
Exploration Ltd., in which Northern Continental holds a 60% interest and
Hathor holds a 40% interest. Hathor is currently the operator of the
Project. Russell Lake lies within the Key Lake-McArthur River corridor, one
of the most prolific high-grade uranium mining districts in the world.
2009
Winter Exploration Program
- Ground geophysical work,
consisting of electromagnetic ("EM") and gravity surveys, is
planned for the Grayling West, Taylor Bay, and Fox Lake Trail target
areas;
- Diamond drilling of up to
approximately 2,500 metres is planned for Grayling West and Taylor Bay
to test conductors outlined from previous surveys, and any new targets
generated by 2009 surveys. Drill targets located on lake ice or swampy
areas not accessible in summer have first priority during the winter
season.
Grayling West
A follow-up EM survey totaling 33.6 line kilometres is planned to the north
and south of the 2008 Grayling West grid to confirm potential extensions of
the GW-1 conductor. The GW-1 conductor was found in September 2008, and at
that time the ground survey coverage was inhibited by lakes. Diamond
drilling is planned to test the conductor for the first time following the
integration of the 2009 EM survey results with the results of previous
ground geophysical surveys. The newly-identified GW-1 conductor represents
a high-priority target area adjacent to the mineralized Grayling Zone.
Gravity surveys are planned to search for areas of prospective structure
and alteration to the south of the GW-1 conductor and along an untested 12
kilometre-long magnetic low trending to the southwest.
Taylor Bay
A follow-up EM survey totaling 21.6 line kilometres is planned to detail a
possible northeastern extension of the TB-1 conductor. Drilling from the
ice at Taylor Bay in the winter of 2008 confirmed the presence of the TB-1
conductor, which showed anomalous uranium within graphitic basement rocks
in hole TB-08-05 (see Northern Continental's news release, April 1, 2008). Follow-up
drilling is planned after the interpretation of the 2009 survey results.
Fox
Lake Trail
An extensive gravity survey is planned to better understand the geological
structure and alteration patterns in the Fox Lake Trail area. Integration
of this data with previous EM and resistivity surveys will assist in
prioritizing future drill targets.
The technical information in this news release regarding the Russell Lake
Uranium Project has been reviewed by Don Simmons, P.Geol. Vice-President,
Exploration, a qualified person as defined by National Instrument 43-101.
For more information about Northern Continental and the Russell Lake
Uranium Project, visit our website at www.northerncontinental.ca
NORTHERN CONTINENTAL RESOURCES INC.
"Warren Stanyer"
Warren Stanyer
President & CEO
The
TSX Venture Exchange has not reviewed, and does not accept responsibility
for the adequacy or accuracy of the contents of this news release.
Forward Looking Statements
This news release contains "forward-looking statements" that are
based on Northern Continental's current expectations, estimates, forecasts
and projections. These forward-looking statements include statements
regarding Northern Continental's outlook for our future operations, plans
and timing for the commencement or advancement of exploration activities on
our properties, and other expectations, intention and plans that are not historical
fact. The words "estimates", "projects",
"expects", "intends", "believes",
"plans", or their negatives or other comparable words and phrases
are intended to identify forward-looking statements. Such forward-looking
statements are subject to risks, uncertainties and other factors that could
cause actual results to differ materially from future results expressed or
implied by such forward-looking statements. Many of these factors are
beyond the control of Northern Continental. Consequently, all forward-looking
statements made in this news release are qualified by this cautionary
statement and there can be no assurance that actual results or developments
anticipated by Northern Continental will be realized. For the reasons set
forth above, investors should not place undue reliance on such
forward-looking statements. Northern Continental disclaims any intention or
obligation to update or revise forward-looking information, whether as a
result of new information, future events or otherwise.
Click to Enlarge
You can also view this News Release on our website
at:
http://www.northerncontinental.ca/s/NewsReleases.asp?ReportID=333613
|