Anglo-Bomarc Mines Provides Details on 2013 Hughes Lake Work Program
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/20/13 -- Russell
Marshall, President and CEO of Anglo-Bomarc Mines Ltd. (the
"Company") (TSX VENTURE:ANB) is pleased to provide details on the
2013 Hughes Lake Uranium project work program.
The Hughes Lake project is a uranium exploration joint venture among
Cameco Corporation (73.77%), Areva Resources Canada Inc. (16.23%),
and Anglo-Bomarc Mines Ltd. (10.00%). Cameco is the project operator.
The property is situated within the eastern portion of the Athabasca
Basin, approximately 30km southwest of the McArthur River mine, the
world's largest uranium project also owned by Anglo-Bomarc's Hughes
Lake partners Cameco and Areva.
The 2013 work program consists of 15-20 diamond drill holes totalling
approximately 13,000 m from January to September. The budget required
to carry out the program on the Hughes Lake project is $4,000,000, of
which Anglo-Bomarc Mines is responsible for 10% ($400,000). These
resources are being allocated to undertake an aggressive drilling
program along the C conductive trend. The C conductor trend on the
Hughes Lake project is associated with 100+ m of unconformity offset
inferred as post-Athabasca reverse dip-slip movement. The C conductor
is associated with a wide, steeply southeast dipping package of
prospective graphitic metasediments. Sparse testing of this trend to
date has indicated both lithogeochemistry and clay spectrometry are
anomalous along its entire length on the project lands.
The primary objective of the diamond drilling program is to drill
test the C conductor trend over the entire length of the property at
400m spacing. This will allow for the evaluation of the trend for the
presence of a geochemical/alteration halo or in-situ uranium
mineralization that is indicative of a (approx. 100 M lb.) deposit.
Secondary targeting consideration is being given to conductors that
are footwall to the main reverse fault and are coincident with
resistivity lows within the main magnetic corridor. Sparse historic
drilling of these features suggests potential for post-Athabasca
reactivation exists coincident with these western conductors.
Tertiary or third order targets consist of conductors that are not
t with resistivity features.
For more information on the 2013 Hughes Lake Uranium Project work
program please visit our newly refurbished website at
www.Anglo-BomarcMines.com. We will be updating the investing
community regularly on the progress made at Hughes Lake going
Anglo-Bomarc Mines Ltd.
Russell Marshall, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Anglo-Bomarc Mines Ltd.
President and CEO
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