Pitchstone Exploration Ltd.
TSX VENTURE : PXP

Pitchstone Exploration Ltd.

April 21, 2010 07:00 ET

Pitchstone Advances Targets on Dome Property, Namibia

- Follow up program of geological mapping and sampling completed

- Large area of locally radioactive leucogranite identified

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2010) - Pitchstone Exploration Ltd. (TSX VENTURE:PXP) ("Pitchstone") reports the results of the March 2010 exploration program on the Dome property, Namibia. Dome comprises 182,000 hectares and is part of a uranium exploration joint venture between Pitchstone (60%) and private company Manica Minerals Ltd. (40%) through Manica's wholly-owned subsidiary Cheetah Minerals Exploration Ltd. The property location relative to the nearby Rossing and Langer Heinrich uranium mines, and other uranium occurrences in the western Namibian uranium district, is illustrated on Pitchstone's website (www.pitchstone.net).

Granite Hosted Target

A geological mapping and sampling program has been completed to follow up on the results of December 2009 exploration at Dome North that identified an occurrence of radioactive leucogranite (commonly referred to as alaskite) in outcrop (see February 10, 2010 news release). Two surface grab samples collected from that program contained 149 and 152 ppm U3O8. The style of mineralization is similar to that at the Rossing mine.

Detailed geological mapping of a synclinal structure has outlined leucogranite outcrop or subcrop totalling about 50 hectares in three distinct areas; the North Hinge, South Hinge and Ridge zones. To date, significant radioactivity has been identified at the North Hinge and South Hinge zones. The uranium content of some radioactive portions of leucogranite is being estimated with a ground spectrometer survey and rock samples. Analytical results are pending.

Results of this program will be compiled with other data layers to identify targets for drill testing later in the year. That drill program will also test uranium mineralization in calcrete hosted targets generated by ground electromagnetic surveying and drilling late last year (see February 10, 2010 news release).

Steve Blower, P.Geo., President of Pitchstone, is the Qualified Person for the purposes of NI 43-101 with respect to the technical information in this news release. Sample preparation and analyses were done by ALS Chemex, Johannesburg. A multi-element ICP-MS analysis was completed on the samples after a four acid, near-total digestion. Pitchstone utilizes internally and externally submitted standard reference materials for quality assurance and quality control of the sample preparation and analyses. Field work in Namibia is being supervised by Cape Town based Remote Exploration Services on behalf of the joint venture.

About Pitchstone

Pitchstone is exploring for uranium in three proven districts in Canada and Namibia. The property portfolio features 12 projects in the eastern Athabasca Basin, Saskatchewan, four of which are 100% owned. In addition, there is a joint venture on two projects in Namibia and several joint venture projects in the Hornby Bay Basin, Nunavut. Pitchstone benefits from the collaboration of a unique group of geologists with extensive uranium exploration and production experience.

On behalf of the Board,

E.A.G. (Ted) Trueman, CEO & Chairman

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond Pitchstone's control, that may cause actual results or performance to differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pitchstone Exploration Ltd.
    Claire Stewart
    604 630 5563
    or
    Pitchstone Exploration Ltd.
    Mark T. Brown
    CFO
    604 687 3520
    www.pitchstone.net