Kirrin Resources Inc. (CVE:KYM) reports results from its four hole, 1,354 m diamond drill program completed in December 2010 at its Lost Pond uranium project, Newfoundland.
The press release is quoted as saying:
Drilling to date on the Cataclastite Zone at Lost Pond has defined a low grade uranium zone in the 0.01 to 0.07% U3O8 range over widths up to 15 m true thickness. The deposit appears to have a strike length up to 100 m, is steeply dipping and plunges at approximately 65 degrees to the north. December’s drilling had targeted an increase in grade below the previous holes and, although the zone was intersected, the uranium grades actually decreased.