Thelon Ventures Ltd.: Successful Radon Survey Identifies Four High Priority Targets
10/29/2007
VANCOUVER, BRITISH COLUMBIA, Oct 29, 2007 (Marketwire via COMTEX News Network) --
Thelon Ventures (TSX VENTURE:THV)(FRANKFURT:TFH) is pleased to announce the completion of a reconnaissance radon soil survey on the Four Corners property. The survey was conducted by Stratamodel Inc., consisting of 405 sample points covering approximately 19,140 hectares in Emery County Utah within the Colorado Plateau Uranium Province. The stratigraphic target is the Salt Wash Member of the Morrison Formation of Upper Jurassic age renowned for historic high grade mineralization in several districts on the Plateau. The Morrison Formation as a whole is historically the largest source of uranium in the United States. The radon anomalies are believed to originate from uranium mineralization within the Salt Wash Member at depths ranging from 100 to over 200 meters.
Thelon Ventures Ltd. can earn up to a 75% interest in the Four Corners Project from International Ranger Corp. (PINK SHEETS:IRNG). See news release dated May 29 2007.
The Four Corners property consists of 2005 lode mining claims and nine Utah state leases immediately north of the Tidwell and Acherson Mining Districts. Historic production in these districts was reported to be approximately 4 million pounds of U3O8 in 1978, five or more years prior to the abrupt termination of mining operations by Atlas Mineral Corp in the early 1980's due to the precipitous drop in world uranium prices.
10/29/2007
VANCOUVER, BRITISH COLUMBIA, Oct 29, 2007 (Marketwire via COMTEX News Network) --
Thelon Ventures (TSX VENTURE:THV)(FRANKFURT:TFH) is pleased to announce the completion of a reconnaissance radon soil survey on the Four Corners property. The survey was conducted by Stratamodel Inc., consisting of 405 sample points covering approximately 19,140 hectares in Emery County Utah within the Colorado Plateau Uranium Province. The stratigraphic target is the Salt Wash Member of the Morrison Formation of Upper Jurassic age renowned for historic high grade mineralization in several districts on the Plateau. The Morrison Formation as a whole is historically the largest source of uranium in the United States. The radon anomalies are believed to originate from uranium mineralization within the Salt Wash Member at depths ranging from 100 to over 200 meters.
Thelon Ventures Ltd. can earn up to a 75% interest in the Four Corners Project from International Ranger Corp. (PINK SHEETS:IRNG). See news release dated May 29 2007.
The Four Corners property consists of 2005 lode mining claims and nine Utah state leases immediately north of the Tidwell and Acherson Mining Districts. Historic production in these districts was reported to be approximately 4 million pounds of U3O8 in 1978, five or more years prior to the abrupt termination of mining operations by Atlas Mineral Corp in the early 1980's due to the precipitous drop in world uranium prices.
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