Abbastar Uranium Intersects Significant U3O8 Mineralization at Doran
Monday February 4, 10:01 am ET
0.60 lbs/t U3O8 Over 10.11 Meters Near Surface
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2008) - Abbastar Uranium Corp. (the "Company" or "Abbastar") (TSX VENTURE:ABA - News) is pleased to announce that it has received the results of the Company's Fall 2007 diamond drilling program at the Doran Main Showing ("Doran Showing"), situated along the North Shore of the Gulf of St. Lawrence in Costebelle Township, Quebec.
The program was comprised of 1,691 meters of drilling in 15 drill holes and was designed to test the area between the North End Zone and the Hot Spot Zone, the lateral extent of the Hot Spot Zone and to determine the south extension and thickness of the Hill Top pegmatite, all of which are part of the Doran Showing.
The Doran Showing is located within 2,100 meters of Provincial Highway 138 at the southern portion of the Doran Property where a 2006 diamond drilling program, comprised of 1,196 meters in 16 drill holes, confirmed the existence of uranium mineralization at the Doran Showing (Main Zone, North End Zone, Dyke Zone and Hot Spot Zone).
Five new uraniferous pegmatite zones have been discovered during the recent drill program. The combined 31 drill holes cover an area of approximately 275 meters long and 200 meters wide.
Sample results from the Fall 2007 campaign include:
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Interval (m) U3O8 Interval (ft) U
Hole From To Length % From To Length (lbs/t)
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44 47.67 52.95 5.28 0.036 156.40 173.72 17.32 0.71
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includes 47.67 48.58 0.91 0.099 156.40 159.38 2.99 1.98
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45 49.30 49.87 0.57 0.097 161.75 163.62 1.87 1.93
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47 9.65 18.90 9.25 0.018 31.66 62.01 30.35 0.36
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includes 9.65 11.28 1.63 0.032 31.66 37.01 5.35 0.64
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and 17.38 18.90 1.52 0.038 57.02 62.01 4.99 0.75
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101.65 102.74 1.09 0.028 333.50 337.07 3.58 0.57
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50 10.67 12.23 1.56 0.027 35.01 40.12 5.12 0.54
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51 6.24 9.20 2.96 0.026 20.47 30.18 9.71 0.52
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includes 7.62 9.20 1.58 0.036 25.00 30.18 5.18 0.73
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54 60.42 63.22 2.80 0.041 198.23 207.41 9.19 0.83
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includes 60.42 61.52 1.10 0.051 198.23 201.84 3.61 1.02
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55 3.20 16.77 13.57 0.017 10.50 55.02 44.52 0.33
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includes 8.85 16.77 7.92 0.022 29.04 55.02 25.98 0.44
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includes 8.85 12.50 3.65 0.026 29.04 41.01 11.98 0.53
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and 8.85 10.67 1.82 0.037 29.04 35.01 5.97 0.75
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56 10.90 27.68 16.78 0.023 35.76 90.81 55.05 0.46
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includes 17.57 27.68 10.11 0.030 57.64 90.81 33.17 0.60
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includes 17.57 21.25 3.68 0.040 57.64 69.72 12.07 0.81
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and 22.87 25.91 3.04 0.036 75.03 85.01 9.97 0.72
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68.50 70.00 1.50 0.067 224.74 229.66 4.92 1.33
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57 45.12 48.71 3.59 0.029 148.03 159.81 11.78 0.58
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includes 47.60 48.71 1.11 0.064 156.17 159.81 3.64 1.28
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56.17 61.60 5.43 0.015 184.28 202.10 17.81 0.30
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58 71.74 76.68 4.94 0.020 235.37 251.37 16.21 0.40
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includes 73.00 74.41 1.41 0.050 239.50 244.13 4.63 1.01
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106.70 108.84 2.14 0.026 350.07 357.09 7.02 0.53
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Senior Project Geologist, Michel Proulx, P.Geo., M.Sc., a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical aspects of this news release.
Abbastar President, Gary Schroeder, comments: "The Doran Property was acquired with the objective of delineating a Rossing-type, low-grade/large-tonnage uranium deposit amenable to low-cost, surface mining methods. Once again, the Company has confirmed uranium mineralization in all drill holes as we work toward this objective. In addition, we have found higher grade uranium mineralization to the north of the north extension in an area that is open in all directions."
To date, 63 drill holes have been completed on five of 22 anomalies identified on the Doran Property. Further drill targets are now being evaluated.
Complete drill results from the Fall 2007 program are being assembled and will be posted on the Company website
www.abbastaruranium.com.
On behalf of the Board,
Gary Schroeder, President & CEO
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Gary Schroeder
Abbastar Uranium Corp.
President & CEO
(604) 658-2040
(604) 658-2045 (FAX)
Website:
www.abbastaruranium.com--------------------------------------------------------------------------------
Source: Abbastar Uranium Corp.