Drilling Commences on Mormon Lake Property
February 7, 2006
Vancouver, British Columbia… Rodinia Minerals Inc. (the “Company”) has been advised by Patriot Power Corp. (“Patriot”), the other party to the option and joint venture agreement announced by the Company on November 4, 2005 (the “Agreement”), that a 12-hole drill program has commenced on the Arizona lode mining claims which are the subject of that Agreement (the “Mormon Lake Property”).
The Mormon Lake Property is located in central Arizona approximately 130 kilometers north-east of Phoenix. Uranium mineralization of the Mormon Lake Property is located within a flat dipping (<10 degrees) limestone pebble conglomerate that contains a high percentage of carbonaceous material that acts as a reducing agent. All mineralization detected to date has occurred within 200 feet of surface and uraninite has been the only uranium bearing element.
Historical data on the property is fragmentary but reports indicate that the first discovery of mineralization was made in 1956 at which time several adits were emplaced. Southern Union Production Company drilled 57 holes in the 1960s and Pan American Mines Ltd. drilled another 22 holes in the 1970s, which outlined a zone of mineralization with some impressive intersections, including:
1.04% U3O8 over 30 feet;
1.35% U3O8 over 28.5 feet;
2.02% U3O8 over 30 feet; and
3.24% U3O8 over 11.5 feet.
The current drill program, which is expected to be completed by mid-February, will assist in confirming the resource estimates reported by previous operators, which estimates do not conform to the requirements of NI 43‑101 regulations and therefore are not reported here.
Since the news release of November 4, 2005, the Company has added to its land position, which now totals over 600 acres.
ON BEHALF OF THE BOARD
(sgd.) “Donald Morrison”, President
For further information, please contact Don Mosher, Director
Tel: (604) 685-6465
Fax: (604) 685-9744
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