Showcase Minerals Completes Phase 1 Exploration on Pontiac Uranium Project in Quebec
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Calgary, Alberta--(Newsfile Corp. - September 13, 2024) - Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) ("Showcase" or the "Company") is pleased to announce the completion of its Phase 1 exploration program on the Pontiac Uranium Project located in Quebec, Canada. This initial phase was designed to verify historical mineralization, assess exploration targets, and identify new potential areas of interest on the property. The exploration work included ground prospecting, geological mapping, sampling activities, and scintillometer radiometric surveys.
Program Highlights
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Historical Sites: Three historical exploration work sites were revisited. High scintillometer readings were observed over an area measuring 230 to 250 meters long and 70 to 90 meters wide, suggesting significant potential for further exploration.
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X-Ray Showing 1: This old, stripped area, largely covered by vegetation, revealed scintillometer gamma readings from 15,000 to 20,000 cps (counts per second), with peak readings reaching 55,000 cps at places. The site features a 2 to 3-meter-wide pegmatite outcrop.
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X-Ray Showing 2: Located in a historical trench to the south of X-Ray 1, this 2 to 2.2-meter-wide pegmatite revealed surface radioactivity between 5,000 cps and 31,000 cps.
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A small outcrop to the southeast of the X-Ray showings with readings between 12,000 to 38,000 cps, where an old drill casing was also discovered.
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Northern Radiometric Anomaly: A high radiation showing in the northern area of the western claim block was found, where pegmatite subcrop revealed scintillometer readings between 10,000 and 42,000 cps.
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Another area around the northeastern part of the western block was prospected for approximately 360-meter-long and 80-meter-wide outcrops of pegmatite/granite with scintillometer readings of 6,100 cps to 6,600 cps. This area is considered another good target for further exploration in future.
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Eastern Property Prospects: Although lacking in historical exploration activity, the eastern part of the property showed favorable geology comprised of pegmatite and granitic outcrops with scintillometer readings in the range of 500 to 6,600 cps, pointing to the need for more detailed future work.
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Sampling and Scanning: A total of 37 rock samples (grab and chip) were collected, along with 54 scintillometer scan surface readings from across the property.
"We are very encouraged by the initial findings from our Phase 1 exploration on the Pontiac Uranium Property. The strong scintillometer readings and promising geological indicators across multiple sites reaffirm our belief in the significant potential of this property. These results provide a solid foundation for our next phase of exploration, where we will further delineate these targets and continue to unlock the value of the Pontiac Uranium Project," Kirk Reed, CEO of Showcase Minerals, commented.