Namibia
2008 Uranium Exploration Initiated
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Radon surveying for calcrete hosted targets at Dome
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Drill permits finalized for R�ssing style targets at Dome
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Mapping, geochemistry and
prospecting at Kaoko.
Pitchstone
Exploration Ltd. (TSX-V: PXP; Pitchstone) is pleased to provide an update on
exploration currently under way in Namibia. Pitchstone has an
option to earn up to an 80% interest from Manica
Minerals Ltd. in three properties that cover approximately 500,000 ha.
Exploration in 2008 is being conducted on the Dome and Kaoko
properties.
Dome
The Dome
property is located in west central Namibia approximately 70 km southwest
of the R�ssing deposit and 65 km southwest of the
Langer Heinrich deposit. R�ssing is situated at
the margin of an elliptical structural dome mantled with meta-sediments.
The main target on the Dome property is a covered, elliptical shaped, 5
km long geophysical feature that is very similar in size, shape, geophysical
expression and interpreted geology to that at R�ssing.
A RadonX™ radon survey completed in 2007
for Pitchstone has outlined several anomalous zones around the margin of the
elliptical feature at Dome. Drilling permits for the area have been
received and discussions are in progress with potential drilling contractors.
Dome is also
prospective for calcrete hosted uranium deposits
similar to that at Langer Heinrich. Currently, radon surveying is being
carried out over the north portion of the licences in
proximity to airborne radiometric anomalies in order to locate calcrete hosted mineralization beneath gravel plains.
Kaoko
At the Kaoko property in northern Namibia, a program of mapping,
geochemical sampling and scintillometer prospecting
is being conducted to follow up on anomalous results of radon surveying
completed in 2007. The target is sediment hosted mineralization in Karoo strata.
Steve
Blower, P.Geo.,
Vice President of Exploration for Pitchstone, is the Qualified Person for the
purposes of NI 43-101 with respect to the technical information in this news
release.
Pitchstone is
actively exploring for uranium in four proven districts. The property portfolio
features ten projects in the eastern Athabasca Basin, Saskatchewan, five
of which are joint ventured with Uranium One and five being 100% owned.
In addition, there are four joint venture projects with Triex Minerals in the Hornby Bay
Basin, Nunavut, an exploration partnership with Cameco
and Motapa Diamonds in the Franceville
Basin, Gabon, and an option on three projects in Namibia. Pitchstone has
a unique group of geologists with extensive uranium exploration and
production experience.
On behalf of
the Board,
E.A.G. (Ted) Trueman, CEO and Director
For further information contact: Steve Blower, VP Exploration,
(604) 630 5563,
Mark T. Brown, CFO, (604) 687 3520, or see www.pitchstone.net
The TSX Venture Exchange has
not reviewed and does not accept 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.
Best
Regards,
Shelly Guzzo,
CGA
Accountant
Pitchstone Exploration Ltd.
315 - 1100
Melville Street
Vancouver BC V6E 4A6
Ph.: 604 630-5563
Fax: 604 630-5564
e-mail: sguzzo@pitchstone.net
www.pitchstone.net