Namibia
Exploration Update
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2007 exploration completed
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Anomalous geochemistry
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Drill targets outlined
Pitchstone
Exploration Ltd. (TSX-V: PXP) is pleased to provide an update on exploration
conducted during 2007 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
completed includes prospecting, sampling, satellite spectral data
interpretation, acquisition and interpretation of airborne radiometric and
magnetic data, time domain electromagnetic soundings and radon (RadonX) surveying. Radon anomalies were outlined on
both the Kaoko and Dome properties.
The Dome
property is located approximately 70 km southwest of the large R�ssing deposit in west central Namibia. R�ssing,
which is the major source of Namibian uranium production, is situated at the
margin of an elliptical basement dome mantled with Damaran
meta-sediments and intruded by uraniferous granites.
The main target on the Dome property is a covered geophysical feature 5
km long that is very similar in size, shape, geophysical expression and
interpreted geology to that at R�ssing. A radon
survey over the Dome area has outlined several anomalous zones around the
margin of the elliptical feature; the next step will be to drill test some of
these zones.
Exploration
in Namibia
in 2008 is currently being planned. Work will likely include additional
prospecting, sampling, geological mapping, radon surveying and an initial phase
of drilling at Dome.
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 Inc. and five being 100% owned. In addition,
there are five joint venture projects with Triex
in the Hornby Bay Basin, Nunavut and NWT, 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: Ted Trueman, CEO, (604) 630 5563, ted@pitchstone.net,
Mark
T. Brown, CFO, (604) 687 3520, or 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 the Company’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
604 630-5563 (Office)
604 630-5564 (Fax)
e-mail:
cstewart@pitchstone.net
www.pitchstone.net