Crosshair Energy Corporation (TSX:CXX,NYSE:CXZ) announced the completion of a radiometric soil survey on the Juniper Ridge uranium property.
As quoted in the press release:
Approximately 40% of the unexplored portion of the property was surveyed with both high precision gamma and radon surveys. The surveys identified three areas of anomalous radon concentration over undrilled areas north and west of Juniper Ridge East. These anomalous radon results are interpreted to indicate areas of additional uranium mineralization and will be the focus of the next phase of drilling.
Crosshair’s President and CEO, Mark Ludwig said:
The areas of highly anomalous radon results appear to correspond with the new mineralization trend we identified in our drilling earlier this year. This correlation gives us confidence in the gamma/radon survey as a very cost effective and important exploration tool, allowing us to focus our exploration capital on those areas with a higher probability of mineralization and we would anticipate a greater incidence of positive drill results.