Delta Uranium Inc.: Leading Kenora’s Uranium Exploration

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Mon, Sep 15, 2008

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Post by Melissa Pistilli, Uranium Reporter

LONG COMPANY NAME

Overview

Delta Uranium Inc. is a Canadian uranium exploration company with properties in the Kenora and Timmins regions of Ontario, Canada;
Common shares traded (TSX:DUR);
The Company owns a 100% interest in over 6,000 claims covering over 100,000 hectares (1,000 sq. kms.);
Management has initiated an aggressive exploration program to define high value targets.

Chief Property

KENORA URANIUM PROJECT

Uranium was first discovered in the area during 1949 in an outcrop near the shore of Willard Lake. This was followed by the discovery of the high-grade Richard Lake deposit by Campbell and McFarland in the early 1950’s and numerous other occurrences (Hawk Lake, Bee Lake, Kenoratomic, Quebec Ascot, Viceroy, Wilson etc.) along the 45 kilometre belt. Owing to falling uranium prices in the late 1950’s very little exploration was undertaken in the area until the early 1970’s when renewed demand resulted in significant increases in uranium prices. The area once again experienced an increase in activity and a number of new uranium occurrences were discovered, including 14 separate showings by the Ontario Geological Survey (OGS) while mapping in the area, as well as the Coulee Mines, Bridges Township and Kimber Lake showings. Current fieldwork by Delta Uranium has also uncovered significant new radioactive showings on the property.

Delta owns a 100% interest in 1,833 claim approximately 29,300 hectares property is located Northwestern, Ontario 35 kms east of the town of Kenora. The property is distinguished by its numerous uranium showings and proximity to established infrastructure, including the Trans Canada highway, railway and high voltage power transmission lines, all of which transect the property from west to east

The deposit model for the Kenora Project is the Intrusive Deposit, which are low-grade, high-tonnage deposits typically associated with intrusive rocks including alaskite, granite, pegmatite, and monzonites. Major world deposits include Rossing (Namibia), Ilimaussaq (Greenland) and Palabora (South Africa). With Rossing producing 5-8% of the world uranium supply.

The geology of the area is comprised of a series of Early Precambrian, east-west-trending, steeply dipping volcanic and sedimentary rocks which were intruded by significant volumes of felsic intrusive rocks ranging from granite to syenite. The youngest intrusives are represented by a series of late-stage pegmatitic sills and dykes, which host the majority of the uranium occurrences.

Management

Wayne V. Isaacs – Chairman & CEO
Kirk Boyd – Executive Vice-President and COO
Miles Nagamatsu – CFO
Sean Felker – V.P. Corporate Communications
Rick Bonner – Special Advisor and Director
Pat Mohan – Independent Director
John Cottrell – Independent Director
Stewart Wright – Independent Director
Dr. Colin Bowdidge – Independent Director

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Share Information

Shares Outstanding:

Options:

Fully Diluted:

Stock Exchange:

29,184,796

2,870,000

32,054,796

TSX:DUR

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19 Trackbacks For This Post

Delta Uranium signs option to acquire 60% interest Says:
December 30th, 2008 at 9:45 am

[...] details of this press release, click this link. To view Delta Uranium’s company profile, click here. Follow developments in uranium mining and exploration for free.Sign on to the Uranium Investing [...]

Delta Uranium CEO increases holdings & acquires common shares Says:
January 21st, 2009 at 9:42 am

Delta's subsidiary proposes formation of new gold company Says:
February 27th, 2009 at 9:27 am

[...] full details of this press release, click this link. To view Delta Uranium’s company profile, click here. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing [...]

Delta Uranium acquires interest in Wheeler River, Athabasca Says:
May 27th, 2009 at 1:43 pm