Virka Project

Virka Project

Ownership: 100% Aura
Location: Resource-rich Norrbotten area in Northern Sweden
Coverage Area: 27.24 km2
Assay Test Results: Confirmed presence of high grade mineralisation
Status: Drill programme planned for early 2011

Aura’s wholly owned Virka Project covers 27.24 km2 and is located in the resource rich Norrbotten area of Northern Sweden. The project lies approximately 45 km southeast of the 20+ million pounds Pleutajokk Uranium Deposit in northern Sweden and approximately 50 km northwest of Arvidsjaur and the Arvidsjaur uranium province. High grade mineralisation from earlier drilling still needs to be further evaluated.

The Virka Project was discovered by the Swedish Geological Survey (SGU) during the 1970s whilst following up uranium mineralised boulders. Initially soil and rock-chip sampling defined a broad area of anomalism which was later followed up with diamond core drilling. Drill holes 80-005, 80-009 and 80-010 intersected high grade mineralisation associated with a northeast striking structure with a southeast dip. Subsequent drilling between 1980 and 1982 was then directed towards intersecting this structure and eight of the total twenty holes drilled in the area intersected high grade uranium mineralization. In 2008, Aura assayed the holes with higher radiometric responses and confirmed the presence of high grade mineralisation. Although some of the best mineralised intervals could not be sampled (insufficient core remained) the results are still extremely positive including:

  • 17 metres at 707 ppm U3O8, including 9 metres at 1,087 ppm U3O8
  • 9 metres at 396 ppm U3O8, including 3 metres at 855 ppm U3O8
  • 12 metres at 380 ppm U3O8, including 2.5 metres at 1,344 ppm U3O8
  • 24 metres at 231 ppm U3O8, including 3.5 metres at 1,066 ppm U3O8