UTRX Unitronix Corporation (PK)

As previously reported, Unitronix and certain investors exercised the right to acquire Aur Lake in the fall of 2008. Aur Lake had two sixteen unit claims staked in the Sturgeon Lake Gold Camp, Ontario, Canada; one centered on the historic gold occurrence at Jessie Lake, and the other centered on the historic gold occurrence at Jumping Lake. A 5-day program was conducted to test the levels of gold mineralization on the claims in September-October of 2008.

A 3-man crew spent 2 days on the Jessie Lake claim and 3 days on the Jumping Lake claim. 38 grab samples were collected from the occurrences and assayed for gold by Accurassay Lab of Thunder Bay, Ontario. Most of the results revealed anomalous gold mineralization on both properties. Anomalous assays at Jessie Lake ranged from 0.4 grams per ton to 3.58 grams per ton in the 16 grab samples taken there. At Jumping Lake anomalous assays ranged from 0.3 grams per ton to 81.5 grams per ton in 22 grab samples.

In light of these positive assay results and the number of projects based on bulk tonnage models currently underway in northwest Ontario, MIR Télédétection (MIR) of Longueuil, P.Q., was retained to develop a preliminary geological structural analysis covering both claims and the immediate surrounding area. MIR analyzed high-definition aeromagnetic data, 2-meter Ikonos spectral data, and regional Ontario Geological Survey reports and maps, but in order to maintain objectivity specific data regarding the location of either gold occurrence was withheld at the request of MIR. MIR presented its report that included a preliminary structural model in mid-April, 2009.

MIR concluded that 3 district-scale fault and shear zones intersect one another on the Jumping Lake claim, and that one of these extended northwest across stratigraphy to the Jessie Lake occurrence. MIR also inferred from magnetic data that a significant quartz feldspar porphyry intrusion (QFP Plug) exists on the Jumping Lake claim and extending a little to the west and that it may be much larger below grade. MIR further suggested that the QFP Plug could also be significantly interactive with the above shear zone to possibly produce systems of fracturing and veining in the surrounding metabasalts in either a tensional brittle-ductile system or a brittle fault deflection system.

Preparations for a stripping and general prospecting program for May of 2009 on the Jumping Lake occurrence, based on the original field results from the fall of 2008, were completed by Aur Lake prior to receipt of the MIR report and the field trip was carried out as planned with only minor modifications to add the preliminary reconnaissance of the QFP Plug area referenced in the structural analysis of MIR.

In May 2009 a hydraulic track hoe excavated along a gold- and pyrite-bearing quartz-carbonate vein with an inferred overall strike length of at least 175 meters. The vein presents at the surface as 4 discreet segments, three of them closely co-linear, interrupted by shears that intersect it at a high angle. 2 of these sheared intersections were excavated to the safe limits of the equipment without finding their bottoms. 16 grab samples were taken along newly exposed parts of the vein. Anomalous assays of these samples ranged from 0.1 grams per ton to 24 grams per ton.

The Jumping Lake occurrence was found to be open at the north end (stratigraphic bottom) where a 0.5 meter wide gold-bearing orange quartz vein can be seen running into a small lake, but truncated at the south end (the stratigraphic top and where the assay values were highest) by a shear pre-identified from spectral data by MIR. Attempts made to locate continuity of the mineralized structure assuming a dextral offset beyond this shear were unsuccessful. More time will be required because of extensive overburden in this topographically low area.

Prospecting in the area of the QFP plug found little rock outcrop to the east but did find a 0.6 meter wide quartz contact vein, with a strike length of at least 40 meters inferred from two outcrops, at the stratigraphic bottom (north) of the intrusion. The contact of the quartz vein and the metabasalt host rock showed signs of systematic removal with hand tools, which is a common sight at gold occurrences in an area that has been the subject of gold exploration for about a century. (The Jumping Lake occurrence had been found in a similar condition). Aur Lake was unable to prospect to the upper stratigraphic contact of the QFP plug intrusion due to a very late spring thaw and demands of the ongoing stripping underway at the Jumping Lake occurrence.

On the basis of MIR’s structural analysis and the above prospecting, Aur Lake undertook to stake 2 claims, 9 and 15 units in size, to cover the area of the shear zone connecting Jessie Lake to the QFP Plug in late May of 2009. This staking creates a contiguous claim group in the area for Aur Lake of 56 claim units, or about 896 hectares, covering both occurrences.

Following the review of data collected on site in May, MIR presented a report in July containing recommendations for Phase 2 exploration on Aur Lake’s claim group. Aur Lake is considering MIR’s recommendations and evaluating various technologies for additional subsurface investigation. Aur Lake’s present plans are to expand the known extent of the Jumping Lake occurrence and to explore the perimeter of the QFP Plug. In the longer term Aur Lake plans to prospect along the shear zone inferred by MIR as connecting the two gold occurrences on the claim group, and to further explore the Jessie Lake gold occurrence.

Unitronix recognizes that Phase 2 of the exploration program will require substantial funding, however the company cannot predict whether funding will be arranged or the cost associated, if it is finalized.

Safe Harbor Statement:

This press release contains forward looking statements. Such statements include without limitation, statements regarding future results of operations, performance and achievements of the company and its subsidiaries, including cost and results of proposed work programs, the discovery and delineation of mineral deposits, geological interpretation, business and financing plans, business trends and other numerous factors that can adversely impact the business of mineral exploration.

Statements made are based on current expectations and involve numerous factors that could cause the actual results to differ materially from those stated and implied. Unitronix Corporation expressly does not undertake to update such statements.

Unitronix (PK) (USOTC:UTRX)
過去 株価チャート
から 10 2024 まで 11 2024

Unitronix (PK) (USOTC:UTRX)
過去 株価チャート
から 11 2023 まで 11 2024