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Message: Uranium Star Identifies 2nd Source of Potent Economic Vanadium on Three

Uranium Star Identifies 2nd Source of Potent Economic Vanadium on Three

posted on Nov 24, 2008 04:52AM

FYI...

Attention Business Editors:

Uranium Star Identifies Second Source of Potentially Economic Vanadium on Three Horses Property in Madagascar; Expands Strike Length of Previous Vanadium Discovery

TORONTO, Nov. 24 /CNW/ - Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5)
is pleased to announce it has identified a second source of potentially
economic vanadium mineralization, this one located on the southern part of its
Three Horses Property in Madagascar. The Company's previous press release
dated November 18th, 2008 identified potentially economic vanadium on the
northern section of its Three Horses Property which is on strike, and
separated by 18 kilometres from the newly identified vanadium mineralization.
The Initial grab sample results from both areas, confirmed by ALS Chemex, have
identified vanadium values over the detection limit of 10000 ppm, or 1.628%
V(2)O(5) equivalent.

The Southern Area of Three Horses

As with the northern area, field analysis utilizing the Innov-X Systems
X-50 mobile XRF unit is currently being conducted on the core samples carried
out over this target area, and has indicated the presence of significant
values of vanadium.
Based on the vanadium mineralization identified on the southern area
through XRF analysis, there appears to be a vanadium-rich trend with a strike
length greater than 1900 meters.

<<
Second Vanadium-Rich Trend Identified on the Northern Area of Three
Horses
>>

Further field analysis on the northern area of the Three Horses Property
has now identified an additional vanadium-rich trend which has been
subsequently drill tested. This is in addition to the initial vanadium-rich
trend with an 800 meter strike length already identified.
The field results from the southern area target have also yet to be
verified with assay results, and samples are being sent for analysis to ALS
Chemex's ISO 9001:2000 and ISO 17025:2005 accredited laboratory in Vancouver.

About Vanadium

Vanadium is currently worth between $10.00-$11.00 per pound (where 1% of
vanadium oxide (V(2)O(5)) equals 22 pounds). It is a rare, strategic metal
used for production of high strength low alloy (HSLA) steels and titanium
alloys.
China and the USA are the largest individual consumers of vanadium, each
accounting for close to 20% of the world market. World production only totals
about 100,000 tons a year. Current primary producers in South Africa are all
operating at full capacity.
Commercial use stems from HSLA steels offering the ability to reduce the
weight and tonnage of steel required compared to ordinary low-carbon steels
because of higher yield and tensile strengths.

Close to 90% of ferro vanadium (FeV) end-use is in high performance
steels for:
<<
- Construction (building frames, bridges, etc.)
- Pipelines
- Automobiles and parts
- Railway tools
>>

The Company is currently focused on gold and VMS targets identified on
the Property. Drill targets have been prioritized through the analysis of
compiled geological, geochemical, and geophysical data sets collected to date.

About the Property

Uranium Star's Three Horses Property, located in south-western
Madagascar, displays mineralization and alteration styles often associated
with volcanogenic massive sulphide (VMS) deposits. These deposits can host
significant quantities of copper, zinc, lead and precious metals.
In the latter part of 2007, Uranium Star conducted a combination DIGHEM V
multi-frequency electromagnetic and high sensitivity cesium magnetometer
airborne survey on its Three Horses Property, and dozens of priority
exploration targets were identified.
Craig Scherba, P.Geol., of Taiga Consultants Ltd. is the Exploration
Manager and is supervising Uranium Star's exploration activities on the Three
Horses, Madagascar Property.

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.

%SEDAR: 00025651E


For further information: please visit our website at www.uraniumstar.com
or contact Brent Nykoliation, Vice President of Business Development, Uranium
Star Corp., Toll Free: (800) 818-5442 or (416) 364-4911, Email:
[email protected] or J. A. Kirk McKinnon, President and Chief
Executive Officer, Richard Schler, Chief Operating Officer & CFO

http://www.newswire.ca/en/releases/a...

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