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Uranium Star Completes Trenching Program; Targets 200 Million Tonne Vanadium Deposit on Green Giant Project

Posted at 4:21 p.m. on January 1, 2009

Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5) (“Uranium Star” or “the Company”) announces it has completed a total of 56 trenches on its Green Giant Vanadium Project in Madagascar. The Company has confirmed a 18-kilometre mineralized strike length of vanadium and identified further high-grade mineralization.

Company Targets 200 Million Tonne Minimum Deposit

The results of the 2008 drilling program indicated that vanadium values within the near-surface oxide zone are enhanced over those from primary mineralization. The current trenching program aims to provide a detailed assessment of the widths and grade of this style of vanadium mineralization and ultimately use it to assist in designing a drill program. An extensive drill program is planned for later in the year that will allow Uranium Star to calculate a compliant resource statement that can be used in an economic assessment of the property. The Company’s objective in the upcoming drill program is to define a minimum of 200 million tonnes of appreciable vanadium mineralization.

Company Confirms Entire 18km Vanadium Strike Length is Mineralized

Bill Nielsen, P.Geo., Director of Uranium Star and Project Manager has just returned from Madagascar and has been able to verify that there is an extensive stratigraphic zone that hosts the majority of vanadium mineralization defined to date. This can be readily interpreted from Uranium Star’s airborne geophysical survey flown in 2007. The mineralized zone is interpreted to pinch and swell along its entire strike length of over 18 kilometres, as well as up and down dip.

Discovery Deposit Characteristics

Extensive trenching, using three mechanical excavators, was conducted over the entire length of the property, a distance of greater than 18 kilometers. Initial analytical results have been received from all the trenches utilizing the Company’s hand-held XRF units.  

The XRF units being used are state-of-the-art exploration tools that are currently used for accurate, in-the-field analysis of rocks and soils. Past experience indicates that these units very adequately generate vanadium values that can be utilized with confidence. A comparison of the 2008 drill results between the XRF and commercial laboratory assays was very strong. All trench samples are being sent to the NATA accredited Genalysis Services Laboratory in Perth, Australia for verification of the XRF results.  A rigorous QAQC program is in place and being overseen by Taiga Consultants Ltd. to ensure accuracy of analytical results.

The XRF results from this trenching program have been consistent in clearly outlining the vanadium mineralization along the strike length of the property as was predicted by soil sampling, airborne geophysics (resistivity and electro-magnetics) and radiometric data. The Company is currently using a black shale hosted deposit model to explain this large vanadium occurrence and have hired  consultant Dr. C. Tucker Barrie, Economic Geologist at C.T. Barrie and Associates, to further enhance this deposit scenario.  Sediment-hosted vanadium deposits are rare, with less than 10% occurrence globally, and this unique situation has certain positive economic scenarios which the Company hopes to capitalize on as the project moves forward.

Outline of Mineralized Zones

At the south or Jaky Zone, 15 trenches were dug that extended over a 2.2 kilometer strike length with a 500 meter section having trenches established 100 meters apart. The XRF results indicate that the widest widths of mineralization on the property occur in this area. A high-grade core is apparent with grades in excess of 1.0% V2O5. Highlights include 0.65% V2O5 over 218 metres, including 1.30% V2O5 over 32 metres for trench TR-09-002, and 0.62% V2O5 over 270 metres, including 1.30% V2O5 over 45 metres for trench TR-09-039.

A 6.5 kilometer strike length of the mineralized trend located immediately north of the Jaky Zone that is largely overlain by a thin laterite cover was excavated at approximately 1 kilometer intervals. It has subsequently been determined that a number of these trenches were dug too far to the west and consequently missed the main mineralized trend. An eastern extension of Trench 45, however, clearly defined the vanadium zone.

North of the laterite cover lays the Manga Zone that was excavated over a strike length of 4.5 kilometers with 25 trenches. Trenches are 200 to 400 meters apart and again a high-grade core of  mineralization is observed. Highlights include 1.16% V2O5 over 30 metres for TR-09-044, and 0.92% V2O5 over 58 metres for TR-09-050.

Two kilometers north of the Manga Zone, a series of 12 trenches were established over a strike length of 2.7 kilometers to within 400 meters of the north boundary of the property. This is known as the Mainty Zone. As predicted from soil and geophysical results, the vanadium mineralization is diminishing in strength in the last trench to the north on this zone.

Approximately 2.5 kilometers to the west of the Mainty Zone lies the Fondrana Zone that was tested with two trenches. Graphitic rich sediment is prominent in this target area, which appears to be associated with a completely different stratigraphic level to that which host the main vanadium trend.

The following table defines the XRF results for V2O5 from the 56 trenches established. Results are displayed with trench locations established in sequence from south to north.

 

Trench #

Target

UTM

V2O5

length

UTM

UTM

   

Northing

(%)

(m)

From

To

TR-09-001

Jaky

7336600

0.51

120

501300

501420

incl.

 

7336600

0.65

32

501326

501358

incl.

 

7336600

0.70

18

501372

501390

TR-09-038

Jaky

7336700

0.63

214

501278

501492

Incl.

 

7336700

0.75

61

501299

501360

Incl.

 

7336700

0.98

36

501375

501411

Incl.

 

7336700

0.99

19

501423

501442

Incl.

 

7336700

0.74

10

501456

501466

TR-09-002

Jaky

7336800

0.65

218

501300

501518

Incl.

 

7336800

1.30

32

501428

501460

Incl.

 

7336800

0.68

26

501460

501486

TR-09-039

Jaky

7336900

0.62

270

501312

501582

Incl.

 

7336900

0.85

24

501368

501392

Incl.

 

7336900

0.64

19

501392

501411

Incl.

 

7336900

0.66

28

501425

501453

Incl.

 

7336900

1.30

45

501453

501498

Incl.

 

7336900

0.61

24

501498

501522

TR-09-003

Jaky

7337000

0.63

248

501361

501609

Incl.

 

7337000

1.38

58

501481

501539

TR-09-054

Jaky

7337100

0.56

210

501426

501634

Incl.

 

7337100

1.24

46

501520

501566

Incl.

 

7337100

0.51

34

501566

501600

TR-09-004

Jaky

7337200

0.52

226

501427

501653

Incl.

 

7337200

1.01

50

501537

501587

TR-09-055

Jaky

7337300

0.57

80

501561

501641

Incl.

 

7337300

0.99

15

501580

501595

Incl.

 

7337300

0.66

10

501631

501641

TR-09-005

Jaky

7337400

0.44

12

501531

501543

TR-09-006

Jaky

7337660

0.44

74

501602

501676

Incl.

 

7337660

0.61

34

501632

501666

TR-09-007

Jaky

7337800

1.02

16

501756

501772

TR-09-011

secondary

7338000

0.52

48

502062

502110

Incl.

 

7338000

0.82

20

502072

502092

TR-09-012

Structure

7339200

0.57

36

502140

502176

Incl.

 

7339200

0.65

20

502148

502168

TR-09-013

Structure

7340990

0.21

52

502342

502394

Incl.

 

7340990

0.63

14

502424

502438

TR-09-048

Plateau

7341800

0.22

4

502477

502481

TR-09-047

Plateau

7342600

       

TR-09-046

Plateau

7343400

0.25

17

502861

502878

Incl.

 

7343400

0.34

28

502914

502942

TR-09-045

Plateau

7344400

0.45

147

503005

503152

Incl.

 

7344400

0.82

24

503126

503150

TR-09-040

Manga

7345600

0.46

116

503205

503321

Incl.

 

7345600

0.64

71

503260

503321

Incl.

 

7345600

0.79

11

503280

503291

Incl.

 

7345600

0.90

9

503303

503312

TR-09-041

Manga

7345800

0.56

163

503200

503363

Incl.

 

7345800

0.79

70

503268

503338

TR-09-042

Manga

7346000

0.41

189

503201

503390

Incl.

 

7346000

0.82

20

503310

503330

TR-09-043

Manga

7346200

0.42

197

503236

503422

TR-09-043

Manga

7346200

1.00

21

503322

503343

TR-09-043

Manga

7346200

0.54

37

503385

503422

TR-09-044

Manga

7346400

0.68

82

503339

503421

Incl.

 

7346400

1.16

30

503366

503396

Incl.

 

7346400

0.80

7

503407

503414

TR-09-014

Manga

7346575

0.57

74

503379

503453

Incl.

 

7346575

0.92

32

503397

503429

TR-09-015

Manga

7347000

0.57

25

503440

503465

Incl.

 

7347000

1.03

3

503477

503480

TR-09-016

Manga

7347200

0.83

12

503444

503456

TR-09-017

Manga

7347400

0.53

18

503448

503466

TR-09-049

Manga

7347600

0.48

110

503390

503500

incl.

Manga

7347600

0.87

34

503437

503471

TR-09-050

Manga

7347800

0.77

77

503447

503524

Incl.

 

7347800

0.92

58

503447

503505

TR-09-051

Manga

7348170

0.54

95

503427

503522

Incl.

 

7348170

0.95

29

503486

503515

TR-09-052

Manga

7348400

0.54

89

503442

503531

incl.

Manga

7348400

0.89

35

503491

503526

TR-09-053

Manga

7348600

0.43

55

503495

503550

incl.

 

7348600

0.70

9

503506

503515

incl.

 

7348600

0.50

21

503523

503544

TR-09-037

Manga

7348800

0.60

37

503499

503536

TR-09-036

Manga

7349000

0.39

50

503523

503570

TR-09-035

Manga

7349200

0.60

29

503569

503598

TR-09-034

Manga

7349390

0.58

60

503550

503610

TR-09-033

Manga

7349600

0.55

52

503556

503603

TR-09-032

Manga

7349780

0.45

48

503564

503612

Incl.

 

7349780

0.83

11

503574

503585

TR-09-031

Manga

7349980

0.51

28

503561

503589

TR-09-028

Manga

7350200

0.29

53

503504

503557

TR-09-027

Manga

7350386

0.33

90

503564

503654

Incl.

 

7350386

1.06

2

503633

503635

Incl.

 

7350386

0.88

4

503647

503651

TR-09-030

Mainty

7352600

0.59

8

503652

503661

TR-09-029

Mainty

7353400

0.75

47

503825

503872

Incl.

 

7353400

0.99

28

503836

503864

TR-09-023

Mainty

7353810

0.75

34

503990

504024

TR-09-024

Mainty

7354000

0.30

7

504194

504201

TR-09-022

Mainty

7354120

0.64

98

504134

504232

Incl.

 

7354120

0.69

16

504134

404150

Incl.

 

7354120

0.88

45

504163

504209

Incl.

 

7354120

1.09

28

504174

504202

TR-09-020

Mainty

7354200

0.46

143

504089

504232

Incl.

 

7354200

1.19

4

504104

504108

Incl.

 

7354200

0.77

42

504122

504165

TR-09-021

Mainty

7354300

0.69

100

504124

504224

Incl.

 

7354300

1.05

51

504140

504191

TR-09-019

Mainty

7354395

0.77

105

504147

504252

Incl.

 

7354395

0.91

82

504170

504252

Incl.

 

7354395

1.00

71

504170

504241

TR-09-018

Mainty

7354800

0.51

4

504361

504365

Incl.

 

7354800

0.84

6

504388

504394

TR-09-010

Mainty

7355010

0.84

30

504445

504475

TR-09-009

Mainty

7355200

0.29

74

504492

504566

TR-09-025

Fondrana

7355125

0.38

112

502025

502137

Incl.

 

7355125

1.15

4

502034

502038

Incl.

 

7355125

0.57

34

502093

502127

TR-09-026

Fondrana

7355325

0.63

140

502135

502275

Incl.

 

7355325

0.86

24

502140

502164

Incl.

 

7355325

0.84

21

502183

502204

Incl.

 

7355325

0.61

71

502204

502275

Worldwide Potential for Vanadium

The Company has recently announced a major vanadium discovery in Madagascar, and is now preparing for the project’s advancement.  Vanadium is a strategic mineral that when added to steel creates a product that is lightweight but extremely high in tensile strength and wear resistance.

Solar, wind and geothermal power will not be fully effective without an efficient way to store it in a commercialized and scalable manner.  Vanadium has exceptional qualities in battery technology applications.  It has the ability to absorb and release huge amounts of electricity instantaneously, and will play a pivotal role in the emergence of battery power and energy storage.

About the Company

Uranium Star Corp. is a rapidly emerging exploration company with assets in Madagascar (Vanadium) and Northern Quebec (Uranium). Its shares are traded on the OTCBB under the symbol URST and on the Frankfurt Exchange under the symbol YE5. 

Bill Nielsen, P.Geo., Director and Project Manager is the qualified person for this report.

Taiga Consultants Ltd. is supervising Uranium Star’s exploration activities under the direction of Claude Aussant, P.Geo, on the Green Giant Vanadium Project in Madagascar.

For more information on the Green Giant Project and up-to-date pictures from the field, please visit our website at www.uraniumstar.com

Contact:

 

Brent Nykoliation
Vice President of Business Development
Uranium Star Corp.
Toll Free: 800.818.5442 or 416.364.4911
Email: bnykoliation@uraniumstar.com

 
Kirk McKinnon
, President & CEO
Richard Schler, Chief Operating Officer & CFO

 

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.


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