Pistol Bay Mining Inc. (TSXV:PST) announced that it has received notice from Rio Tinto Canada Uranium Corp. (RTCUC) regarding the proposed 1800m drill program and survey for the company’s C5 property in Athabasca Basin, Saskatchewan, with a projected cost pegged at $750,000.
As quoted in the press release:
RTCUC has identified a series of drill holes designed to confirm structural trends and test for uranium mineralisation. By better understanding the lithological and structural knowledge base at the C5 property, RTCUC will be able to refine and advance any further work on the property.
The planned 2013 gravity survey has been designed to infill and extend the gravity survey completed in 2011 by Terra Ventures. The objective of the survey is to extend the current data set and identify areas of potential alteration that may be related to mineralization. The survey will be completed at 50 meter station spacings along 100 meter spaced lines and will extend the coverage over the entire C-5 block property, which does not already have gravity data. This will amount to approximately 1500 stations.