Tribune Uranium Corp. (TSX-V: TCB) (Frankfurt: S8QA) (the “Company”) (“Tribune”) is pleased to report assay results from the remaining 11 holes at its Reed Lake Project, located southwest of Snow Lake, Manitoba. The Company drilled a total of 3,050 meters in 13 holes to test the Quartz Claims, adjacent to the recent copper-gold discovery by VMS Ventures Inc.
The 2008 winter drill program identified multiple sections of gold bearing mineralization within rhyolite tuffs as well as other gold bearing structures. These structures have now been tested over 200 meters of strike length and 300 meters of dip extent. Company geologists have yet to determine the true width of the mineralized structures.
Gold assays greater than 1 gram per tonne (g/t) are listed below:
|
Drill Hole |
From
(m) |
To
(m) |
Interval
(m) |
Au (g/t) |
Ag (g/t) |
|
RL-2007-4 |
104.9 |
105.5 |
0.61 |
2.667 |
1.2 |
|
and |
195.4 |
201.2 |
5.79 |
12.84 |
1.42 |
|
including |
195.4 |
196.3 |
0.91 |
11.4 |
1.8 |
|
including |
198.2 |
198.9 |
0.76 |
67.4 |
3.3 |
|
and |
212.3 |
213.4 |
1.07 |
3.2 |
1 |
|
RL-2007-5 |
264.6 |
266.6 |
1.98 |
1.503 |
1.2 |
|
RL-2007-6 |
42.84 |
43.29 |
0.46 |
1.166 |
1.3 |
|
and |
136.3 |
136.6 |
0.3 |
1.406 |
1.7 |
|
and |
276.5 |
276.9 |
0.43 |
2.266 |
1.2 |
|
RL-2007-7 |
261.2 |
264.5 |
3.26 |
3.38 |
0.5 |
|
RL-2007-8 |
223 |
224.7 |
1.68 |
1.8 |
1.12 |
|
RL-2007-9 |
56.71 |
57.62 |
0.9 |
23.7 |
0.9 |
|
RL-2007-10 |
58.54 |
59.76 |
1.22 |
1.333 |
0.5 |
|
and |
145.4 |
147.9 |
2.44 |
1.95 |
0.68 |
|
and |
164.4 |
166.2 |
1.8 |
4.09 |
0.7 |
|
RL-2007-12 |
134.6 |
135.2 |
0.62 |
4.133 |
0.5 |
|
RL-2007-13 |
216.5 |
217.1 |
2.74 |
2.95 |
0.5 |
The program confirmed gold mineralization is associated with coarse pyrite within quartz-carbonate-chlorite veins as well as in a fine grained pyrite bearing dacite dyke striking at an oblique angle to the overall schistosity (striking east-west). The dyke appears to be responsible for mineralization as well as the infusion of quartz-carbonate in wall areas adjacent to the dyke. Within the dyke, fine pyrite is present in all fractures as well as in clear quartz veins that form up to 10 % of the dyke. Pyrite may be present in amounts up to 10 % in the dyke.
The Quartz Claims cover an electromagnetic (EM) conductor 1,600 meters in length and interpreted to lie in a fold axis. Previous drilling in the 1980’s by Hudbay Minerals intersected significant gold mineralization and alteration while testing the EM conductor. Highlights from historical drilling along the eastern end of the conductor included 18.1 g/t gold over 1.27 meters and 12.2 g/t gold over 1.37 meters. Previous drilling at the east end of the EM conductor indicated at least 2 parallel gold bearing veins with gold values intersected along 250 meters of strike length and 200 meters of dip extent.
Tribune’s 2008 winter drill program at Reed Lake was carried out under the supervision of Edward Kruchkowski, P.Geo, director of Tribune, and a Qualified Person as defined by NI 43-101. Drill core was split using a manual core splitter, with one-half placed in sealed bags. Core samples were delivered by Tribune personnel to the Loring Labs facility in Calgary, Alberta. A sample quality control/quality assurance program is in place. Mr. Kruchkowski prepared and approved the information contained in this release.
Tribune Uranium Corp. is a Canadian exploration company committed to the strategic acquisition of drill ready projects. Led by an experienced management team, the Company plans to aggressively explore its current portfolio of highly prospective properties. The Company headquarters are in Vancouver, BC and shares are traded on the TSX Venture Exchange (TCB) and the Frankfurt Exchange (S8QA).
To find out more about Tribune Uranium Corp., please contact Graham Harris, Chairman and CEO, at 604-662-8183 or email investor@tribuneuranium.com. You may also visit our website at www.tribuneuranium.com
TRIBUNE URANIUM CORP.
“Graham Harris”
Graham Harris
Chairman and CEO
“The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.”
Forward-looking statements:
“This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”
