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The DCB property was originally named the LO project and was last held under a joint venture agreement between Texas Eastern Nuclear, Pioneer Nuclear and Nuclear Exploration Co. Exploration drilling began on the LO property in 1968, and by December 1976 approximately 1,146 holes were completed for a total of 493,264 feet. Using this data Nuclear Exploration Co. published a geological report on the LO project dated January 1977. This report identified a uranium resource of 462,048 tons at a grade of 0.063% U3O8 containing 585,167 pounds of U3O8. The report also noted that ten different sandstones containing roll front trends had been mapped and that 40 to 60 miles of uranium bearing trend remains to be explored.
Artha is not treating historical estimates at DCB as current mineral resources as they have not been classified according to CIM resource categories and are non National Instrument 43-101 compliant and therefore these historical estimates should not be relied on. While there are no resources established under the current National Instrument 43-101, Artha considers the historical data to be substantial and relevant as it will be invaluable to guiding further exploration and resource definition.
Roger Motten, P.geo is the qualified person under NI 43-101 responsible for the technical information in this news release.
Artha Resources was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The team's primary goal is to build Artha into a world class uranium company, focused on the development and mining of economic deposits.
On Behalf of the Board of Directors,
"Todd McMurray"
President and Chief Executive Officer
For Information Contact:
Todd McMurray
Tel: 604 648 1530
www.artharesources.com
Barry Tomlinson
Progressive IR
Tel: 604 689 2881
Email: barry@progressive-ir.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.