Dejour Identifies 250 kms of Conductors on Athabasca Uranium Properties and Commences its C$1.5 Million Exploration Program
Dejour Enterprises Ltd. (TSX-V: DJE)
Shares Issued: 31,262,857
Last Close: 11/07/2005 - $0.89
VANCOUVER, Nov. 7 /CNW/ - Robert L. Hodgkinson, Chairman and CEO reports
results from the Company's 7200 line kilometres of airborne GEOTEM 1000 and
MEGATEM II surveys carried out earlier this year on its 100% owned Athabasca
Basin uranium properties. Although the Company does not yet have all of its
survey data processed and interpreted, completed surveys define more than
250 kilometres of conductors.
As a result of the encouraging survey information, the Company has
commenced a C$1.5 million winter exploration program on its uranium
properties. The program commenced the first week of November, 2005 and should
be completed by April 30, 2006. The field work will consist of ground
geophysics followed by diamond drilling to test the defined targets. J. Allan
McNutt, P. Geo., M.A.Sc., Manager of Mineral Exploration, is the Qualified
Person for Dejour's uranium projects.
The GEOTEM and MEGATEM II surveys confirmed and extended previously known
basement conductors and also identified new conductors. Uranium mineralization
in the Athabasca Basin is typically associated with graphitic basement
conductive horizons.
The ground geophysics will test the highest priority conductors defined
by these recent airborne surveys. Geophysics will also test areas on several
properties where anomalous radioactivity and uranium mineralization had been
identified by previous operators and confirmed by recent work. Following the
ground geophysical surveys, diamond drilling will test the targets defined.
About the Athabasca Basin
-------------------------
The Athabasca Basin in Northern Saskatchewan, Canada is the largest
mineral production camp in North America. This area hosts the world's largest
and highest grade uranium deposits accounting for 1/3 of the global uranium
supply, a figure which is expected to increase significantly by the end of the
decade. Exploration and uranium production in the Basin has support from all
levels of governments, institutions, and organizations.
Dejour has the 5th largest mineral holdings in the Basin:
Total Claims - 60
Total Permits - 4
Total Hectares -359,357
Total Acres - 887,987
About Dejour Enterprises Ltd.
Dejour is a Canadian energy company devoted to exploring for uranium, oil
and gas leveraging the opportunities that exist as a result of the global
market's decreasing conventional supply and increasing demand for energy. The
Company is listed on the TSX Venture Exchange under the symbol (DJE). Refer to
www.dejour.com for company details or contact Doug Cannaday, President.
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