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Message: FYI: Uranium Star Confirms 21 KM Trend of Significant Vanadium Mineralization...

FYI: Uranium Star Confirms 21 KM Trend of Significant Vanadium Mineralization...

posted on Dec 16, 2008 05:16AM

Attention Business Editors:

Uranium Star Confirms 21 Kilometre Trend of Significant Vanadium Mineralization in Madagascar; Identifies Third Vanadium Trend in Northern Area

TORONTO, Dec. 16 /CNW/ - Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5)
is pleased to announce it has identified a 21 kilometre trend that hosts
significant amounts of vanadium on its Three Horses Property in Madagascar.
This north-south trend almost stretches the entire length of the Property. The
Company has since verified the existence of a third vanadium trend located 1
kilometre to the west of the initial discovery in the northern area of the
Property.

21 Kilometre Vanadium Trend Confirmed

Soil sample results from the southern mineralized zone confirm at least a
1900 metre strike length with indications that the mineralized structure
continues to the north. Values of up to 2710 parts per million (ppm) vanadium
have been returned in soils. A land satellite imagery study indicates that the
anomalous vanadium trend can be traced over the entire 21 kilometre length of
the Property. This is represented by colour-depicted alteration trends using
various spectral bands.
The airborne electromagnetic (AEM) survey flown late in 2007 displays an
obvious zone of low resistivity that can also be extrapolated along the entire
length of the property. Within this zone, the AEM survey has defined dozens of
high quality electromagnetic anomalies that are interpreted to be caused by
graphite. The AEM was able to clearly penetrate through a thin laterite cap
that is located over a 2.5 kilometre extent of the vanadium trend. This is
located in the west central part of the Property.
Horizontal loop EM surveys on the Property have confirmed the AEM
anomalies, clearly defining that the southern mineralized trend and the most
eastern vanadium trend are one extensive trend that can be interpreted over a
length of at least 21 kilometres.

Third Vanadium Trend Discovered

Drilling and subsequent XRF analysis of selected core samples have
defined a third zone of potential mineralization located parallel to and
approximately 1 kilometre west of the initial northern vanadium trend
discovery announced in the Company's news release of November 18th, 2008. The
initial grab sample results from both areas, confirmed by ALS Chemex, have
identified vanadium values over the detection limit of 10000 ppm, or 1.7%
V(2)O(5) equivalent.
Recently acquired airborne radiometric data obtained from the Madagascar
Government (using 500 metre line spacing) clearly indicates that the three
vanadium trends have a coincident uranium (eU) signature. Uranium Star's
ground radiometric surveys have confirmed this anomalous radioactivity.
As with the northern area, field analysis utilizing the Innov-X Systems
X-50 mobile XRF unit was conducted on core samples obtained from this target
area, and has indicated the presence of significant values of vanadium. Based
on the vanadium mineralization identified on the southern area through XRF
analysis, there appears to be a vanadium-rich trend with a strike length
greater than 1900 meters. The field results from the southern area target have
also yet to be verified with assay results. Core samples have been sent for
analysis to ALS Chemex's ISO 9001:2000 and ISO 17025:2005 accredited
laboratories in Vancouver, B.C, Canada.

Regional Stream Sediment Sampling Identifies Additional Vanadium Trends

Geochemical analysis by ALS Chemex has been recently received for a
regional stream sediment sampling program completed earlier in the year. The
analysis identifies 5 additional vanadium-rich trends over strike lengths of
5.2 km, 4.6 km, 3.5 km, 2.2 km and 2.0 km respectively. These newly identified
trends have received no additional work, and indicate that vanadium
mineralization is everywhere on the Three Horses Property.
The vanadium mineralization is hosted by graphitic quartzofeldspathic
gneiss, some of which contains appreciable amounts of sulphides, in relatively
close association with marble units. Some of the better surface exposures are
gossanous. Known vanadium deposits world wide do not feature any immediate
analogies. It may be that Uranium Star has discovered a new variety of
vanadium deposit that has yet to be documented.
The Company is awaiting assays from its recently completed drill program,
which concluded largely due to the beginning of the rainy season in
Madagascar. The drill has been stored on the Property in anticipation of a
more extensive exploration program, which will commence in the early Spring of
2009, commensurate with the conclusion of the rainy season. Work currently
being conducted includes mineralogy to specifically identify the style of
vanadium mineralization. It is anticipated that this will be followed by
preliminary metallurgical work to determine what recoveries can be obtained
from this unique style of vanadium deposit.

About Vanadium

Vanadium currently trades between $10.00-$11.00 per pound (where 1% of
vanadium oxide (V(2)O(5)) equals 22 pounds). It is a rare, strategic metal
used for production of high-strength low-alloy (HSLA) steels and titanium
alloys.
China and the USA are the largest individual consumers of vanadium, each
accounting for close to 20% of the world market. World production only totals
about 100,000 tons a year. Current primary producers in South Africa are all
operating at full capacity.
Commercial use stems from HSLA steels offering the ability to reduce the
weight and tonnage of steel required compared to ordinary low-carbon steels
because of higher yield and tensile strengths.
Ferrovanadium (FeV) is an iron alloy with a high proportion of vanadium
(containing anywhere from 35% to 80% percent vanadium).

<<
Close to 90% of ferrovanadium is used in high performance steels for:
- Construction (building frames, bridges, etc.)
- Pipelines
- Automobile and Rail tools, parts
- Aerospace
- Batteries
>>

To learn more about Vanadium and the Three Horses Property, please visit
our website at www.uraniumstar.com.

About the Property

Uranium Star's Three Horses Property, located in south-western
Madagascar, displays mineralization and alteration styles often associated
with volcanogenic massive sulphide (VMS) deposits. These deposits can host
significant quantities of copper, zinc, lead and precious metals. With the
serendipitous discovery of vanadium, the Company has focused its full
attention to quantifying the potential size and economic value of the deposit.
In the latter part of 2007, Uranium Star conducted a combination DIGHEM V
multi-frequency electromagnetic and high sensitivity cesium magnetometer
airborne survey on its Three Horses Property, and dozens of priority
exploration targets were identified.
Craig Scherba, P.Geol., of Taiga Consultants Ltd. is the Exploration
Manager and is supervising Uranium Star's exploration activities on the Three
Horses, Madagascar Property.

WARNING: The statements made in this news release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially from
expectations and projections set out herein.

%SEDAR: 00025651E


For further information: please visit our website at www.uraniumstar.com
or contact: Brent Nykoliation, Vice President of Business Development, Uranium
Star Corp., Toll Free: (800) 818-5442 or (416) 364-4911, Email:
bnykoliation@uraniumstar.com or J. A. Kirk McKinnon, President and Chief
Executive Officer; Richard Schler, Chief Operating Officer & CFO




http://www.newswire.ca/en/releases/a...

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