London 04 October 2005. Agricola Resources plc ("Agricola"), the OFEX traded resource company involved in uranium exploration, announces that a fieldwork program involving trenching and bedrock sampling has been completed on the new uranium discovery at Hautajarvi, Lapland County, Northern Finland. Because of the delay of analytical results from Canada, all bedrock samples collected in the present trenching program have been sent for analysis to the Geological Survey of Finland's laboratory at Rovaniemi, Finland. The laboratory, which is of the highest international standard, can be easily reached by car from the Hautajarvi project area.
Results of the present survey show that the scintillometer readings of the collected bedrock samples from the trenches are of similarly high magnitude as previously noted from outcropping bedrock. Some newly received results of sampling of earlier reported surface bedrock samples confirm uranium oxide contents up to 1.8% associated with high scintillometer readings. The average of all samples sent for analysis is over 0.2% uranium oxide.
Within the area of earlier reported radioactive anomaly three trenches (A-C) (see www.agricolaresourecs.com ) have been excavated down to bedrock through the relatively thin glacial overburden (about one meter or less). Channel sampling of bedrock has been completed in those trenches. The distance between the outer trenches (B-C) is 250 metres. High scintillometer readings have been obtained at bedrock surface within all trenches. Within trench A very high readings () 1 000 counts/second), representing uranium mineralised bedrock, were recorded continuously over a distance of 10 metres along the trench.
The rock is a red coloured albitite breccia intersected by dolomite veins. arrow fracturing is abundant and yellow uranium secondary minerals are present. Petrographic studies of the bedrock are awaited. As earlier reported the bedrock outcrop is associated with airborne uranium radiation anomalies and airborne magnetic anomalies (See www.agricolaresources.com). The airborne results were supplied by the Geological Survey of Finland.
Diamond drilling on the prospect is planned for October and November 2005.
The Directors of the Issuer accept responsibility for the contents of this announcement.
Contact :
Dr. Robert Young, Chairman
Agricola Resources plc
Tel: +44 (0) 1353 648 931
Mr. Gavin Burnell
Ruegg & Co Limited
Tel: +44 (0) 20 7584 3663
Finland Uranium Project 2005, Hautajärvi area, N. Finland.
Bedrock geology with location of uranium discovery area.
Location of Agricola claim resrvations ”Hautajärvi no. 1-7 and 8-9”
Excavator at work in trench A at the uranium discovery area, Hautajärvi, N. Finland, September 2005
Agricola field crew at bedrock channelsampling of trench A at the uranium discovery area, Hautajärvi, N. Finland, September 2005
Agricola field crew, Dan Taylor and Per Ola Larsson, with Finnish county geologist Jouko Jylanki (central), at trench A at the uranium discovery area, Hautajärvi, N. Finland, September 2005
Trench A , ground area restored after excavating at the uranium discovery area, Hautajärvi, N. Finland, September 2005
Bedrock section at Trench A,. Coarsegrained, red albitite breccia with black mineral (tourmaline?) and abundant yellowish secondary uranium minerals at bedrock/soil surface at the uranium discovery site, Hautajärvi, N. Finland, September 2005
Bedrock sample at Trench C. Coarsegrained, red albitite breccia with unknown black mineral and some yellowish, secondary uranium minerals along bedrock fracturezone at the uranium discovery site, Hautajärvi, N. Finland, September 2005
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