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RPT's Dorion Block, Sibley Basin Area Adjoins Magma Metals' Pt-Pd New Discovery
Feb 25, 2009 03:24AM
February 25, 2009
RPT's Dorion Block in Sibley Basin Area Adjoins Magma Metals' Important Pt-Pd New Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2009) - Nelson W. Baker, acting President of RPT Uranium Corp. (TSX VENTURE:RPT) ("RPT"), is pleased to report that the Company has signed an agreement with Fugro Geophysical Surveys to conduct a low-level Triaxial gradiometer magnetic airborne survey over its large 100% owned Dorion Block adjoining Australian-based Magma Metals Limited new Ni-Cu-PGM discovery located approximately 50 km northeast of Thunder Bay, Ontario.
The Dorion Block is part of a much larger land position originally acquired by RPT which blanket prospective segments of the Sibley Basin straddling the north-northwest trending Black Sturgeon Lake Fault believed to be prospective for unconformity-style uranium mineralization. Recently, systematic drilling by Australian-based Magma Metals Limited, west of the Company's Dorion Block, confirms that one of the five magnetic trends crossing the property in an easterly direction hosts Magma Metals' Current Lake Intrusive Complex, a large pipe-like mineralized body that has recorded impressive mineralized widths and grades in several drill holes of up to 61.7 m grading 5.6 g/t Pt + Pd, 0.7% Cu and 0.4% Ni.
The airborne survey, totaling 4,920 line kilometers with flight lines spaced 100 m apart and flown in a north-south direction over the entire claim block, is scheduled to be flown in March.