SmallCapNews | All Star Minerals optimistic over Gilpas project after radon survey results

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All Star Minerals optimistic over Gilpas project after radon survey results

09 November 2009

All Star Minerals, the Plus-listed Scandinavia-focused uranium explorer, has received promising results from two Alpha Track radon detector cup surveys completed at its flagship Gilpas uranium project in Sweden.

The surveys covered a total area in excess of 250,000 sqm and identified a large general anomalous region of around 450 metres wide by 350 metres long. All Star reckons the zone could be the potential bedrock source area of high-grade uranium bearing boulders that were identified by the Swedish Geological Survey from 1980-1981.

Elsewhere, a stronger anomalous zone of approximately 40 metres wide by 150 metres long also has been identified within the general anomalous region.

A phase II radon survey has revealed that around 75 metres north-west of the stronger anomalous zone is a potentially far larger anomaly, of which the survey has revealed a periphery length of some 300 metres.

All Star said it intended to drill into the strong anomalous zone during the first quarter of 2010.

Conrad Windham, the chief executive of All Star, said: “The results returned from the two radon surveys has given us reason to be cautiously optimistic that Gilpas will host economic uranium mineralisation.”

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