Comment: If VA lifts the uranium mining ban, more foreign invaders will ruin our VA to a waster dump!
Source: Marketwire - Environment ft ⋅ December 21, 2010 ⋅
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2010) - Virginia Energy Resources Inc. (TSX VENTURE:VAE) is pleased to report that it has approved a 12-hole, 2300-metre drill program on the Richardson-Crooked Lake target on the Hatchet Lake property in the Athabasca Basin of Saskatchewan. The property is held by Virginia and Denison Mines Corp. (TSX:DML) in a 50-50 Joint Venture with Denison as Operator.
The drilling is planned for February 2011 and will be preceded by a ground-based Horizontal Loop Electromagnetic (HLEM) survey to refine the position of several shallow conductor targets. The Richardson-Crooked Lake area is located 20 km north of the Tuning Fork target where the JV partners identified unconformity-style mineralization in a winter 2010 drill program (see Virginia News Release of June 29, 2010). In addition, the JV partners plan ground geophysical surveys in 2011 on the adjacent Murphy Lake property.
The 39,930-hectare Hatchet Lake property is located 25 km north of Points North Landing, and 17 km north of the McClean Lake mill owned by AREVA-Denison-OURD.
The technical information in this news release has been reviewed by Michael S. Cathro, P.Geo., Virginia's Vice President of Exploration and a qualified person as defined by National Instrument 43-101.
About Virginia Energy Resources Inc.
Virginia Energy Resources Inc. is a uranium development and exploration company. The Company holds a 29% stake in the advanced stage Coles Hill uranium project in Virginia. Additionally, the Company is pursuing active exploration programs in the Athabasca Basin on its Murphy River and Hatchet River uranium properties, which are held in a 50-50 Joint Venture with Denison Mines Ltd., and its 100% owned uranium properties in the Otish Basin of Quebec.
The Company is also a 37% shareholder of Boss Power Corporation. Virginia Energy Resources Inc. trades on the TSX Venture Exchange under the symbol VAE.
Read more:
http://thegreenjournal.ca/2010/12/geophysics-underway-and-drilling-approved-for-virginia-denison-hatchet-lake-jv-property-athabasca-basin/
