Pitchstone
Finalizes Namibia
Uranium Drilling Plans
Dome
North uranium discovery to be drilled
20
hole program planned for September
Pitchstone Exploration Ltd. (TSX-V:
PXP; "Pitchstone") is about to begin a uranium drilling
program in western Namibia.
The company has selected a contractor to complete an initial drill program on
the Dome North uranium discovery. A minimum of 20 reverse circulation
holes are planned to test recently discovered uranium mineralization as well as
radon anomalies and interpreted paleochannels.
The project is a uranium exploration joint venture
between Pitchstone (58%) and private company Manica
Minerals Ltd. (42%) through Manica's wholly-owned
subsidiary Cheetah Minerals Exploration Ltd. The property location
relative to the nearby R?ssing
and Langer Heinrich uranium mines, and other uranium occurrences in the western
Namibian uranium district, is illustrated on the attached map.
Following Up Recent Uranium Discovery
Dome North is a zone of calcrete-hosted uranium mineralization discovered at
surface during scintillometer prospecting in March of
this year (see April 21, 2009 news release). Five of six grab samples
from the zone are mineralized and contain 196 to 1,620 ppm
uranium (0.02-0.19% U3O8). The samples were
collected along a 2.5 kilometer long portion of a dry
drainage channel.
Along with the zone of mineralization, additional
targets to be drill tested include several elongate conductivity anomalies that
are interpreted to represent buried paleochannels.
Some of these anomalies are adjacent to or near the mineralized area, and
several are coincident with radon anomalies identified during a survey
completed in 2008.
Steve Blower, P.Geo., President of Pitchstone, is the Qualified Person for the
purposes of NI 43-101 with respect to the technical information in this news
release. Sample preparation and analyses were done by ALS Chemex, Johannesburg.
A multi-element ICP-MS analysis was completed on the samples after a four acid,
near-total digestion. Pitchstone utilizes internally and externally
submitted standard reference materials for quality assurance and quality
control of the sample preparation and analyses. Field work is being
supervised by Cape Town based Remote
Exploration Services on behalf of the joint venture.
About Pitchstone
Pitchstone is well funded and exploring for uranium in
four proven districts. The property portfolio features 12 projects in the
eastern Athabasca Basin, Saskatchewan, four
of which are 100% owned. In addition, there are several joint
venture projects in the Hornby Bay Basin,
Nunavut, an exploration partnership in the Franceville
Basin, Gabon, and a joint venture on two projects in Namibia.
Pitchstone benefits from the collaboration of a unique group of
geologists with extensive uranium exploration and production experience.
On behalf of the Board,
E.A.G. (Ted) Trueman, CEO
& Chairman
For further information contact
Claire Stewart at 604 630 5563, Mark T. Brown, CFO, at 604 687 3520, or visit www.pitchstone.net.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This news
release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements
involve inherent risks and uncertainties and are subject to factors, many of
which are beyond Pitchstone's control, that may cause
actual results or performance to differ materially from those currently
anticipated in such statements.
Claire
Stewart
Office Manager
Pitchstone
Exploration Ltd.
315 - 1100
Melville Street
Vancouver BC V6E
4A6
Ph.: 604 630-5563
Fax: 604 630-5564
e-mail: cstewart@pitchstone.net
www.pitchstone.net