- The survey work will be undertaken by EON Geosciences Inc. of Pierrefonds, Quebec using a fixed-wing aircraft platform.
- The survey is expected to commence towards the end of May and the results will be used by prospecting crews to explore new areas of uranium mineralization on its properties
TORONTO, ONTARIO--(Marketwire - May 8, 2008) - Quest Uranium Corporation (TSX VENTURE:QUC) is pleased to announce that it has awarded a contract to complete airborne geophysical surveys over its properties in Quebec and Ontario. The work was awarded to EON Geosciences Inc. of Pierrefonds, Quebec and is expected to commence towards the end of May.
The purpose of the survey is improve the resolution of existing Federal Government airborne radiometric survey data (currently at five (5) kilometre spacing) over its properties in northwestern Quebec and Ontario. In total, EON will complete 3,427 line-kilometres of high-resolution radiometric-magnetic-electromagnetic surveys at a line spacing of 400 metres. The higher precision of the new survey data will allow Quest's exploration team to select and target specific new areas within the company's extensive land package for systematic and detailed evaluation of its uranium potential.
Success of airborne geophysical use in locating new areas of uranium mineralization is best exemplified by the company's exploration success in the George River area of northeastern Quebec and northwestern Labrador (see Press Release : February 8, 2008). Airborne geophysical surveys completed in 2006 guided prospectors to locate two significant areas of in-situ uranium mineralization and uraniferous boulder dispersion trains on Quest's Stewart Lake-Centurion Ridge and Nanuk properties (see Figure 1). Prospecting and geological mapping over the Stewart Lake-Centurion Ridge returned up to 0.804% U3O8 (16.1 pounds per ton - lbs/ton) from large, locally-derived boulders and sub-crop. The area is associated with an extensive radiometric anomaly measuring up to 750 m wide by 4.0 km long. The Nanuk area work identified four large areas of radioactivity and in-situ uranium mineralization covering a surface area of approximately 25 square km and returning grades of up to 1.18% U3O8 (23.6 lbs/ton).
Luciano Vendittelli, P. Geo., (Quebec) is the qualified person under National Instrument 43-101 and has reviewed this news release.
About Quest Uranium
Quest Uranium Corporation is a Canadian-based, pure-Uranium exploration company focused on the identification and discovery of new world-class Uranium deposit opportunities. The company is publically-listed on the TSX Venture Exchange as "QUC" and is lead by a highly-respected management and technical team with a proven mine-finding track record. Quest is currently advancing several high-potential projects in Canada's Premier Uranium exploration areas: the George River belt of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick. Quest also has a clear route to 50% ownership of a large uranium property in the James Bay area, Quebec under option from Midland Exploration Inc. The company continues to identify new, high-potential project opportunities throughout North America.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward looking statements".
To view "Figure 1 - Stewart Lake/Centurion Ridge and Nanuk Property Location Map ", please visit the following link: http://media3.marketwire.com/docs/quc508.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Quest Uranium Corporation
Peter J. Cashin
President & CEO
(416) 916-0777 or 1-877-916-0777
(416) 916-0779 (FAX)