CANADA’S Argus Metals Corp. announced last week that it had successfully completed its 2012 drilling programme on the Kaituma Uranium/Gold Project in the North West District (NWD), Region One, and is now awaiting results of chemical assays. Company President Michael Collins said the reverse circulation drilling programme comprised 2,300 metres of a series of 150-metre-deep drill holes over five north-south-oriented fences.
These had targeted anomalies in crustal levels, suggesting  an abundance of uranium and gold, which had been identified through airborne and ground-based exploration work conducted by StrataGold, BHP Billiton (“BHP”) and AREVA SA (previously Cogema). The results were confirmed by the company’s own ground-based exploration programmes in 2010.
The drilling programme tested approximately eight kilometres of the strike length of the Kaituma West and East properties.
In total, 1,601 samples were collected during the reverse circulation drilling programme, and all samples were split on site at the Kaituma exploration camp, with ‘A’ splits being shipped to Acme Analytical Laboratories’ preparation facility in Georgetown, Guyana, where samples were sorted and crushed to appropriate particle size (pulp), and representatively split to a smaller size for shipment to Acme’s analysis facility for uranium and gold content in Santiago, Chile.
Company President Michael Collins stated: “The Kaituma uranium/gold project has been, up until now, one of the few undrilled uranium exploration targets with the scale necessary for a large-scale discovery. With exceptional infrastructure in place, Argus’s 2012 drilling programme has quickly and efficiently tested this outstanding uranium target.”
Chemical assays from the Kaituma 2012 drilling programme are expected by August 2012.