All Star Minerals plc
LSE : ASMO

November 09, 2009 02:30 ET

RESULTS FROM PHASE II RADON CUP SURVEY AT GILPAS URANIUM PROJECT IN SWEDEN

                                                                                                 09/11/2009
                                                                                  GB00B12T7004/GBP/PLUS-exn

                                       ALL STAR MINERALS PLC
                                                 
                                   ("All Star" or the "Company")
                                                 
      RESULTS RECEIVED FROM PHASE II RADON CUP SURVEY AT THE GILPAS URANIUM PROJECT IN SWEDEN

HIGHLIGHTS

    *       Results received from two Alpha Track radon detector cup surveys completed at the Gilpas
        uranium project in Sweden covering a total area in excess of 250,000 square metres.

    *        A  large general anomalous region of c.450 metres wide by c.350 metres long has  been
        identified, indicating a potential bedrock source area of high-grade uranium bearing boulders that
        were identified by the Swedish Geological Survey from 1980-1981.

    *       A stronger anomalous zone of c.40 metres wide by c.150 metres long has been identified
        within the general anomalous region.

    *       Phase II radon survey has revealed that c.75 metres north-west of the stronger anomalous
        zone is a potentially far larger anomaly, of which the survey has revealed a periphery length of
        c.300 metres.

    *       Drill testing of the strong anomalous zone targeted to commence in Q1 of 2010.


All Star Minerals plc, the Swedish focused uranium exploration and development company, is pleased
to  announce that results from the Phase II radon survey at its Gilpas uranium project in Northern
Sweden have been received.

THE RADON SURVEY

In the initial survey, details of which were provided in the press release of 6 July 2009, a total
of  192  sensor  cups were placed at depths of 50 centimetres in the glacial till soil  at  Gilpas
along  7  parallel  gridlines at c.25 metre intervals along each line,  with  about  a  100  metre
distance between the lines. The lines were along a north-west/south-east direction, so as to be in
line with the glacial ice flow carrying the boulders that returned up to 29% uranium in 1980-1981.

Of  the 192 sensor cups placed in the soil at the start of August 2009, only 12 were unable to  be
sent  to the laboratory in Vancouver for analysis following natural disturbance from water  inflow
and local fauna.

The  results from Phase I of the radon survey at Gilpas, which were announced on 19 October  2009,
revealed  a  continuous radon anomaly of c.300 metres wide by c.100 metres long,  but  of  unknown
depth.  The  anomaly is partly associated with known uranium boulder sites, but  extended  further
north-west than previously expected.

As  such, in order to understand the extent of the radon anomaly revealed from the Phase I survey,
further  targeting  of this anomalous area commenced in mid-September 2009, with  lines  extending
several hundred metres north-west of previously sampled lines.

The  Phase  II survey saw 100 sensor cups placed in soils in the same manner as the first  survey,
and were collected, sealed, and sent to the laboratory in Vancouver for analysis in mid-October.

PHASE II RESULTS RECEIVED

The  results from the Phase II survey have been returned, with the readings at the anomalous  zone
being  up  to  twice as high as those returned from the Phase I survey. A large general  anomalous
zone  of  c.450 metres wide by c.350 metres long has now been identified, within which a  stronger
zone of c.40 metres wide by c.150 metres long has been revealed, referred to as zone 1.

The  Phase  II survey has identified a further anomalous zone that indicates mineralized  uranium,
and has picked up on the periphery of this new target zone, which is c.300 metres long and located
c.75 metres north-west of the stronger zone of c.40 metres wide by c.150 metres long, referred  to
as zone 2.

TABLE OF ANOMALIES

The following table outlines the results returned from the two radon surveys undertaken to date at
Gilpas.

                         WIDTH* (metres)          LENGTH* (metres)            SQUARE METRES*
GENERAL ZONE             450                      350                         157,500
ZONE 1                   40                       150                         6,000
ZONE 2                   -                        300                         -

* The measurements in the table are as precise as has been possible given the circumference of the
anomalies.


SIGNIFICANCE OF RADON GAS

Radon  gas  is produced as a decay product of uraniferous minerals. It is very mobile  and  passes
easily through fractured rock and into the soil cover. The positive results from the radon surveys
undertaken  at  Gilpas  give  substantial support to the concept that the  project  hosts  uranium
mineralization.

THE GILPAS URANIUM PROJECT

The  Gilpas uranium project comprises two contiguous licences that cover a total area of 51 square
kilometres.  Gilpas  is  located  in the Arjeplogg Uranium District,  and  is  situated  about  10
kilometres east of the Pleutajokk uranium deposit, where an inferred resource of over 1,500 tonnes
of U3O8 with a cut-off grade of 500 parts per million uranium was discovered in the late 1970's.

CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, COMMENTED:

"We are delighted that the two radon surveys have revealed a clear well defined anomalous zone  of
c.450  metres  wide by c.350 metres long, being in the up-ice direction of the high-grade  uranium
boulders discovered by the Swedish Geological Survey in 1980-1981.

The  surveys  have identified a stronger narrow anomaly of c.40 metres wide by c.150  metres  long
that is worth drill testing, which we will seek to commence in the first quarter of 2010.

Meanwhile,  there is a potentially far larger anomalous zone to the north-west of the strong  c.40
metres by c.150 metres anomaly, of which the survey has revealed the periphery, which extends to a
length  of  300  metres. We will undertake a further radon survey to identify the extent  of  this
anomaly in May 2010, once the snow has cleared to enable the cups to be placed.

In summation, the results returned from the two radon surveys has given us reason to be cautiously
optimistic that Gilpas will host economic uranium mineralization. We look forward to focusing  our
efforts  on  its  development  and  will  seek to provide shareholders  with  regular  updates  as
appropriate."

The Directors of All Star Minerals Plc are responsible for the contents of this announcement.

Enquiries:

Company
All Star Minerals Plc
Conrad Windham, CEO
Telephone: 020 7803 0607
Email: c.windham@allstarminerals.com

Corporate Advisers
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: 020 7368 6959

Contact Information

  • All Star Minerals plc