Hawk Uranium Inc. is pleased to announce that it has initiated a helicopter-borne radiometric, magnetic and VLF-EM geophysical survey over the optioned Cortez Township Uranium Project in the Elliot Lake area of Northern Ontario. Interpretation and results from the survey should be available within the next few weeks. The survey will be carried out by Geophysics GPR International Inc. of Longueuil, Quebec.
Hawk has an option over 19 mining claims in Cortez Township and Gladwin Township, Ontario in the Elliot Lake area of Northern Ontario. These 19 mining claims cover a total of 293 claim units (approximately 12,000 acres) and are located within favourable uranium-bearing geological belts.
ABOUT HAWK URANIUM INC.
Hawk has both direct or option interests in a uranium project in Grand Calumet Township, Quebec, one gold exploration property in Ontario, one uranium property in the Elliot Lake Camp of Ontario, one uranium property in the Charlebois Lake Area of the Northern Mining District of Saskatchewan, one uranium property in Gila County, Arizona, one VMS exploration property in Ontario, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB:WITM - News). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario.
For all Hawk Uranium Inc. investor relations needs, investors are asked to visit the Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to hui@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
CAUTIONARY STATEMENT
This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Saturday, October 6, 2007
Uranium Bay Resources Inc. Modifies its Stock Option Plan
URANIUM BAY RESOURCES INC. announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, which is increased from 5,400,000 shares to 6,700,000 shares. The maximum number of common shares which may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation.
The modification is subject to regulatory approval.
About Uranium Bay Resources Inc.
Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 67,048,642 shares outstanding. The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir, the 90 km2 Kauschiskach Uranium property located just 100 km NE of Radisson in the Quebec James Bay area of northern Quebec, and the five properties totalling 197 claims covering the Lac Georges (100 claims), Lac Forget (24 claims), Ruisseau Lebrun (38 claims), Maurice (19 claims) and Bloc extension 06 (16 claims) properties located in the Wakeham area, in eastern Quebec.
The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements reflecting Uranium Bay objectives, estimates, expectations and the impact of acquisitions on Uranium Bay's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Uranium Bay's projections or expectations.
The modification is subject to regulatory approval.
About Uranium Bay Resources Inc.
Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 67,048,642 shares outstanding. The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir, the 90 km2 Kauschiskach Uranium property located just 100 km NE of Radisson in the Quebec James Bay area of northern Quebec, and the five properties totalling 197 claims covering the Lac Georges (100 claims), Lac Forget (24 claims), Ruisseau Lebrun (38 claims), Maurice (19 claims) and Bloc extension 06 (16 claims) properties located in the Wakeham area, in eastern Quebec.
The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements reflecting Uranium Bay objectives, estimates, expectations and the impact of acquisitions on Uranium Bay's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Uranium Bay's projections or expectations.
Officials set aside $200,000 proposed uranium mine
Fearing contamination in the Evangeline Aquifer, Goliad County has joined with ranchers, environmentalists and economic development groups to fight a proposed uranium mine.
The Goliad County Groundwater Conservation District said it measured an increase in minerals and iron in wells during the past year as Uranium Energy Corp. explored for uranium in the area. The minerals resulted in clogged filters and discolored water.
County officials joined with the Sierra Club, local ranchers and representatives from the Chamber of Commerce and Economic Development Council recently to announce their intentions to fight the mine.
Goliad County, which has about 7,000 residents and is about 80 miles southeast of San Antonio, has allotted $200,000 for the campaign.
"It is our county. It is our water, and it is our future," said Art Dohmann, president of the groundwater district.
Uranium Energy Corp., which has offices in Canada and the southwestern United States, is seeking a permit from the Texas Commission on Environmental Quality for a full-scale mining operation.
Company officials couldn't be reached for comment, but they have said that their exploration for uranium has nothing to do with the well contamination. They have cited a letter from the state Railroad Commission that blames the contamination on "natural sources."
The company would use a method known as in situ mining, which involves injecting an oxygenated solution into the ground to help mobilize and leach out the uranium.
Local officials fear that the mining is changing the flow of the Evangeline Aquifer, which could flush high levels of radium into the drinking supply. Radium has been found in test wells. The groundwater district commissioned an engineering study, which found that its concerns were valid.
High levels of iron and minerals have been measured in a well owned by goat rancher Mary Anklam, whose property is near the operation. She said she lost several interested buyers when they found out her Boer goats were raised near the proposed uranium mine.
"They are afraid the babies will be deformed or that they won't be able to eat the meat," she said. "Last year, I had people coming saying, 'I'll buy every baby that hits the ground.' "
Pat Calhoun, president of the Goliad County Farm Bureau, said the uncertainty is a problem, whether or not the mine's threat is real. He said he's been unable to find solid information on what long-term exposure would do to livestock.
"There are no answers to our questions. That's the point," he said.
"Nobody knows."
The Goliad County Groundwater Conservation District said it measured an increase in minerals and iron in wells during the past year as Uranium Energy Corp. explored for uranium in the area. The minerals resulted in clogged filters and discolored water.
County officials joined with the Sierra Club, local ranchers and representatives from the Chamber of Commerce and Economic Development Council recently to announce their intentions to fight the mine.
Goliad County, which has about 7,000 residents and is about 80 miles southeast of San Antonio, has allotted $200,000 for the campaign.
"It is our county. It is our water, and it is our future," said Art Dohmann, president of the groundwater district.
Uranium Energy Corp., which has offices in Canada and the southwestern United States, is seeking a permit from the Texas Commission on Environmental Quality for a full-scale mining operation.
Company officials couldn't be reached for comment, but they have said that their exploration for uranium has nothing to do with the well contamination. They have cited a letter from the state Railroad Commission that blames the contamination on "natural sources."
The company would use a method known as in situ mining, which involves injecting an oxygenated solution into the ground to help mobilize and leach out the uranium.
Local officials fear that the mining is changing the flow of the Evangeline Aquifer, which could flush high levels of radium into the drinking supply. Radium has been found in test wells. The groundwater district commissioned an engineering study, which found that its concerns were valid.
High levels of iron and minerals have been measured in a well owned by goat rancher Mary Anklam, whose property is near the operation. She said she lost several interested buyers when they found out her Boer goats were raised near the proposed uranium mine.
"They are afraid the babies will be deformed or that they won't be able to eat the meat," she said. "Last year, I had people coming saying, 'I'll buy every baby that hits the ground.' "
Pat Calhoun, president of the Goliad County Farm Bureau, said the uncertainty is a problem, whether or not the mine's threat is real. He said he's been unable to find solid information on what long-term exposure would do to livestock.
"There are no answers to our questions. That's the point," he said.
"Nobody knows."
Uranium Provides Report : Southern Uranium Cocky Swamp Prgress Report
Southern Uranium advised the drilling of a 1,000m drill hole to test the Cocky Swamp iron oxide copper gold uranium target is postponed until March 2008. The Acting Director Woomera Test Facility advised access to EL 3603 is denied for the period 1 October 2007 to 29 February 2008 due to Defence Activities. This was in response to a request for drill access after heritage clearances were obtained and a drill contractor was secured to undertake the drill test in late October.
Uranium Project : Andrew Lloyd Uranium Mine, Garfield County, Utah
Bluerock Resources Ltd. announces Phase I drilling program results from the Andrew Lloyd Uranium Mine, PSC Project, in the Orange Cliffs Mining District, south central Utah, U.S.A. The drilling program targeted the channel extension of the Andrew Lloyd Uranium Mine where historic(i) production graded 0.17% U3O8. Based on initial drilling results, the Company has modified the permitted Phase II drill program and is awaiting regulatory approval.
The Phase I exploration program consisted of 10 vertical rotary drill holes, totalling 375.3 metres (1,231.3 feet), and the mapping, and survey by scintillometer, of over 240 metres (800 feet) of the existing underground workings at the Andrew Lloyd Uranium Mine. Upon the completion of drilling, all holes were tested by a Company, hand-crank, gamma probe to identify any areas of anomalous uranium mineralization. The geophysical results were generally low and it was therefore determined not to bring a third party geophysical contractor to gamma probe the drill holes. The drill holes did not intersect the main channel target as they were interpreted to have been drilled slightly north of the channel.
Contract personnel are currently working on amending the Phase I drill permits to allow for multiple drill holes to be drilled from the permitted drill sites, a process anticipated to take four to six weeks. Drilling at the Andrew Lloyd Project will resume on receipt of the amended permits and will focus on intersecting the Andrew Lloyd mineralized channel structure.
The Company has also modified the permits for its additional targets within the PSC Project, the Recapture and Rainbow Ridge areas. These programs will consist of core recovery drilling on inclined holes and vertical rotary table air blast drilling followed by gamma logging by third party contract geologists and, where warranted, anomalous intersections will be twinned with core recovery holes to allow for chemical analysis.
The PSC Project consists of 43 claims in five distinct claim blocks, in the Orange Cliffs Uranium District of Utah. The Project encompasses two past producing mines, the Silver Bell Uranium Mine and the Andrew Lloyd Uranium Mine, along with two historic(i) drill outs, and the one grass roots prospect. The Orange Cliffs District is a Chinle Formation Uranium Camp located less than 50 miles (80km) to the north east of Uranium One's Shootaring Canyon uranium mill.
President Michael Collins commented: "The results of Phase I drilling at the PSC have given us a clear focus for follow up drilling at the Andrew Lloyd Uranium Mine and a better understanding of the local depositional variables as we initiate Phase II of our on-going uranium exploration programs on the PSC Project."
Paul D. Gray, P.Geo. is the Qualified Person with respect to the PSC Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
The Phase I exploration program consisted of 10 vertical rotary drill holes, totalling 375.3 metres (1,231.3 feet), and the mapping, and survey by scintillometer, of over 240 metres (800 feet) of the existing underground workings at the Andrew Lloyd Uranium Mine. Upon the completion of drilling, all holes were tested by a Company, hand-crank, gamma probe to identify any areas of anomalous uranium mineralization. The geophysical results were generally low and it was therefore determined not to bring a third party geophysical contractor to gamma probe the drill holes. The drill holes did not intersect the main channel target as they were interpreted to have been drilled slightly north of the channel.
Contract personnel are currently working on amending the Phase I drill permits to allow for multiple drill holes to be drilled from the permitted drill sites, a process anticipated to take four to six weeks. Drilling at the Andrew Lloyd Project will resume on receipt of the amended permits and will focus on intersecting the Andrew Lloyd mineralized channel structure.
The Company has also modified the permits for its additional targets within the PSC Project, the Recapture and Rainbow Ridge areas. These programs will consist of core recovery drilling on inclined holes and vertical rotary table air blast drilling followed by gamma logging by third party contract geologists and, where warranted, anomalous intersections will be twinned with core recovery holes to allow for chemical analysis.
The PSC Project consists of 43 claims in five distinct claim blocks, in the Orange Cliffs Uranium District of Utah. The Project encompasses two past producing mines, the Silver Bell Uranium Mine and the Andrew Lloyd Uranium Mine, along with two historic(i) drill outs, and the one grass roots prospect. The Orange Cliffs District is a Chinle Formation Uranium Camp located less than 50 miles (80km) to the north east of Uranium One's Shootaring Canyon uranium mill.
President Michael Collins commented: "The results of Phase I drilling at the PSC have given us a clear focus for follow up drilling at the Andrew Lloyd Uranium Mine and a better understanding of the local depositional variables as we initiate Phase II of our on-going uranium exploration programs on the PSC Project."
Paul D. Gray, P.Geo. is the Qualified Person with respect to the PSC Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
Global Uranium Corporation - News release issued in error
Global Uranium Corporation advises that a release issued October 2, 2007 under the Company name and stock symbol GU was issued in error. This release announced the acquisition of two properties in Niger. This news was picked up by various news services and released under our name and stock symbol. This news release is not the Company's but rather Global Uranium Corp., a private Ontario corporation not listed on the exchange. We are not in any way affiliated with this private Ontario corporation.
ON BEHALF OF THE BOARD George W. Heard President&CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD George W. Heard President&CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Tuesday, March 27, 2007
SmallCap Sentinel: Report On Uranium Industry Released
A comprehensive report focusing on CanAm Uranium Corp. and recent activity in the uranium industry has been published by financial courier StockUpTicks.com and is available free of charge to the general public.
The report will feature detailed information regarding CAUI and address related information and mining companies including Teck Cominco CL B (NYSE:TCK - News), Rio Tinto, Cameco CP and others.
To view the report in its entirety, please visit:
http://stockupticks.com/profiles/3-26-07.html
ADVERTISEMENT
click here
CanAm Uranium Corp. is a Nevada incorporated junior resource company focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for uranium. CanAm properties of interest are in: Canada, Southern Africa, Australia and the United States. CanAm has optioned over 136,825 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, which are significant uranium mining areas. CanAm is currently drilling in the Bancroft, Ontario area. This work program consists of 1650 meters of drilling on a property that was once home to four past producing mines, producing a total of 14,862,653 lbs. U3O8 between 1956 and 1982. The 2007 CanAm exploration budget of (Cdn)$1million will include: a radiometric geophysical survey, ground proofing and mapping and follow-up trenching and sampling.
CanAm holds an option to acquire up to 80% interest in eight Bancroft Uranium Projects comprising 37 mineral claims covering an area of approximately 9,765 acres, located in the Bancroft area of Southeastern Ontario in Canada. It also has options to acquire a 100% interest in BALD and OYAMA claims covering 1,037 hectares located in the Province of British Columbia, Canada.
To have your company featured on StockUpTicks.com or SmallCap Sentinel please use the contact info below.
Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCap Sentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP isn't an investment advisor and this report isn't investment advice. MP has been paid $12,000 and will receive another $12,000 from CanAm Uranium Corp. for preparation and distribution of this report and other advertising services over a ninety day period. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding subject companies.
Contact:
Market Pathways/StockUpTicks
Kurt Divich, Editor
702-396-1000
Source: SmallCap Sentinel; CanAm Uranium Corp.
The report will feature detailed information regarding CAUI and address related information and mining companies including Teck Cominco CL B (NYSE:TCK - News), Rio Tinto, Cameco CP and others.
To view the report in its entirety, please visit:
http://stockupticks.com/profiles/3-26-07.html
ADVERTISEMENT
click here
CanAm Uranium Corp. is a Nevada incorporated junior resource company focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for uranium. CanAm properties of interest are in: Canada, Southern Africa, Australia and the United States. CanAm has optioned over 136,825 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, which are significant uranium mining areas. CanAm is currently drilling in the Bancroft, Ontario area. This work program consists of 1650 meters of drilling on a property that was once home to four past producing mines, producing a total of 14,862,653 lbs. U3O8 between 1956 and 1982. The 2007 CanAm exploration budget of (Cdn)$1million will include: a radiometric geophysical survey, ground proofing and mapping and follow-up trenching and sampling.
CanAm holds an option to acquire up to 80% interest in eight Bancroft Uranium Projects comprising 37 mineral claims covering an area of approximately 9,765 acres, located in the Bancroft area of Southeastern Ontario in Canada. It also has options to acquire a 100% interest in BALD and OYAMA claims covering 1,037 hectares located in the Province of British Columbia, Canada.
To have your company featured on StockUpTicks.com or SmallCap Sentinel please use the contact info below.
Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCap Sentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP isn't an investment advisor and this report isn't investment advice. MP has been paid $12,000 and will receive another $12,000 from CanAm Uranium Corp. for preparation and distribution of this report and other advertising services over a ninety day period. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding subject companies.
Contact:
Market Pathways/StockUpTicks
Kurt Divich, Editor
702-396-1000
Source: SmallCap Sentinel; CanAm Uranium Corp.
Iran president announces U.N. sanctions won't halt country’s uranium enrichment
Iran announced Sunday that it was partially suspending cooperation with the U.N. nuclear watchdog while hardline President Mahmoud Ahmadinejad said the latest U.N. sanctions would not halt the country’s uranium enrichment “even for a second.”
Iranian state TV quoted Ahmadinejad as saying the additional Security Council sanctions imposed Saturday “stem from the hostility by some powers against Iran.”
“It is not a new issue for the Iranian nation. Enemies of the Iranian nation have made a mistake this time too,” Ahmadinejad said, adding the new sanctions “will not halt Iran’s peaceful nuclear program even for a second.”
Meanwhile, government spokesman Gholam Hossein Elham said the Cabinet on Sunday decided to suspend “code 1-3 of minor arrangements of the safeguards” with the Vienna-based U.N. nuclear watchdog, the International Atomic Energy Agency.
The suspension would “continue until Iran’s nuclear case is referred back to the IAEA from the U.N Security Council,” Elham said.
Tehran’s scaling back of cooperation with the IAEA was in apparent retaliation for the sanctions unanimously approved by the Security Council over Tehran’s refusal to stop enriching uranium, a process that can be used in the production of nuclear weapons.
The West strongly suspects Iran’s nuclear activities are aimed at producing weapons though Tehran says that they are exclusively for the production of energy.
The U.N. sanctions are meant to send Tehran a strong message that its defiance will leave it increasingly isolated and open to even tougher penalties.
But Iran remains defiant. The suspension was a response to “Saturday night’s illegal and bullying resolution by Security Council,” said Elham, adding the government was acting fully within law in the move.
In New York, Iranian Foreign Minister Manouchehr Mottaki said “a few select countries don’t have the right to abuse the Security Council” and described the new sanctions as “illegal, unwarranted and unjustified.” He said they undermine the credibility of the Security Council.
Mottaki said Iran has repeatedly sought negotiations with the powers that drafted the resolution against his country: the five permanent council members – the U.S., Britain, France, Russia and China – and Germany. But he accused them of lacking the political will to reach a breakthrough.
“If this political will existed, the other side wouldn’t have imposed preconditions on the talks,” Mottaki said, referring to demands by the U.S. and its allies that Iran first halt enrichment before they engage in negotiations on its nuclear program.
Mottaki said the world has two options to proceed on the nuclear issue: continued negotiations or confrontation and the resolution was the wrong choice.
“Of course, it will have its own consequences,” he said.
In Tehran, citizens brushed off news of the latest sanctions.
“Why should we care about sanctions?” asked Ali Reza, a 21-year-old shopping for a digital camera Sunday with his girlfriend. “We’ve become accustomed to this kind of news. As long as I can remember, there have been such reports in the air.”
Saeed Laylaz, an Iranian political commentator, said that until the sanctions hit normal Iranians like Reza – and the drafters of the U.N. resolution went to great pains to point out that they did not – Iranians would continue to shrug them off.
“Neither Western people nor Iranians would benefit from such confrontation,” said Lida Anvari, who was jogging with her husband in a downtown park. Her husband nodded in agreement, and both said they were fed up with the news.
Elham said that until now, Iran’s cooperation with the IAEA went beyond requirements under the Nuclear Nonproliferation Treaty, which Iran is a signatory to. He added that Iran has in the past promptly informed the IAEA about its nuclear plans.
It was not immediately clear what the suspension of cooperation would entail.
Under Iran’s Safeguards Agreements with the IAEA, part of its commitments under the Nuclear Nonproliferation Treaty, Tehran is obligated to report to the agency six months before it introduces nuclear material of any kind into any facility.
Beyond that, Tehran has committed itself to informing the agency of any planned new nuclear construction before such construction begins – a commitment it has not always kept. For instance, Tehran delayed informing the agency three years ago that it was building tunnels in the central city of Isfahan to house parts of its uranium enrichment program.
Former U.N. nuclear inspector David Albright said Sunday’s decision could clear the path for Iran to do clandestine nuclear work related to its enrichment program – a possible pathway to nuclear arms.
Albright, whose his Washington-based Institute for Science and International Security tracks Iran’s nuclear program, said that Iran may be looking to build a “backup facility” for enrichment that would remain undetected – and safe – in case of attack by the United States or Israel.
IAEA officials were not immediately available for comment.
The new, moderately tougher sanctions on Tehran include banning Iranian arms exports, and freezing the assets of 28 people and organizations involved in Iran’s nuclear and missile programs. About a third of those are linked to the Revolutionary Guard, an elite military corps that answers to Tehran leadership.
They also ask countries to restrict travel by the individuals subject to sanctions, as well as arms sales to Iran and new financial assistance or loans to the Iranian government.
The measure also said all sanctions would be suspended if Iran halts enrichment and made clear that the country can still accept a package of economic incentives and political rewards offered last year if it complies with the council’s demands.
source news : nwherald.com
Iranian state TV quoted Ahmadinejad as saying the additional Security Council sanctions imposed Saturday “stem from the hostility by some powers against Iran.”
“It is not a new issue for the Iranian nation. Enemies of the Iranian nation have made a mistake this time too,” Ahmadinejad said, adding the new sanctions “will not halt Iran’s peaceful nuclear program even for a second.”
Meanwhile, government spokesman Gholam Hossein Elham said the Cabinet on Sunday decided to suspend “code 1-3 of minor arrangements of the safeguards” with the Vienna-based U.N. nuclear watchdog, the International Atomic Energy Agency.
The suspension would “continue until Iran’s nuclear case is referred back to the IAEA from the U.N Security Council,” Elham said.
Tehran’s scaling back of cooperation with the IAEA was in apparent retaliation for the sanctions unanimously approved by the Security Council over Tehran’s refusal to stop enriching uranium, a process that can be used in the production of nuclear weapons.
The West strongly suspects Iran’s nuclear activities are aimed at producing weapons though Tehran says that they are exclusively for the production of energy.
The U.N. sanctions are meant to send Tehran a strong message that its defiance will leave it increasingly isolated and open to even tougher penalties.
But Iran remains defiant. The suspension was a response to “Saturday night’s illegal and bullying resolution by Security Council,” said Elham, adding the government was acting fully within law in the move.
In New York, Iranian Foreign Minister Manouchehr Mottaki said “a few select countries don’t have the right to abuse the Security Council” and described the new sanctions as “illegal, unwarranted and unjustified.” He said they undermine the credibility of the Security Council.
Mottaki said Iran has repeatedly sought negotiations with the powers that drafted the resolution against his country: the five permanent council members – the U.S., Britain, France, Russia and China – and Germany. But he accused them of lacking the political will to reach a breakthrough.
“If this political will existed, the other side wouldn’t have imposed preconditions on the talks,” Mottaki said, referring to demands by the U.S. and its allies that Iran first halt enrichment before they engage in negotiations on its nuclear program.
Mottaki said the world has two options to proceed on the nuclear issue: continued negotiations or confrontation and the resolution was the wrong choice.
“Of course, it will have its own consequences,” he said.
In Tehran, citizens brushed off news of the latest sanctions.
“Why should we care about sanctions?” asked Ali Reza, a 21-year-old shopping for a digital camera Sunday with his girlfriend. “We’ve become accustomed to this kind of news. As long as I can remember, there have been such reports in the air.”
Saeed Laylaz, an Iranian political commentator, said that until the sanctions hit normal Iranians like Reza – and the drafters of the U.N. resolution went to great pains to point out that they did not – Iranians would continue to shrug them off.
“Neither Western people nor Iranians would benefit from such confrontation,” said Lida Anvari, who was jogging with her husband in a downtown park. Her husband nodded in agreement, and both said they were fed up with the news.
Elham said that until now, Iran’s cooperation with the IAEA went beyond requirements under the Nuclear Nonproliferation Treaty, which Iran is a signatory to. He added that Iran has in the past promptly informed the IAEA about its nuclear plans.
It was not immediately clear what the suspension of cooperation would entail.
Under Iran’s Safeguards Agreements with the IAEA, part of its commitments under the Nuclear Nonproliferation Treaty, Tehran is obligated to report to the agency six months before it introduces nuclear material of any kind into any facility.
Beyond that, Tehran has committed itself to informing the agency of any planned new nuclear construction before such construction begins – a commitment it has not always kept. For instance, Tehran delayed informing the agency three years ago that it was building tunnels in the central city of Isfahan to house parts of its uranium enrichment program.
Former U.N. nuclear inspector David Albright said Sunday’s decision could clear the path for Iran to do clandestine nuclear work related to its enrichment program – a possible pathway to nuclear arms.
Albright, whose his Washington-based Institute for Science and International Security tracks Iran’s nuclear program, said that Iran may be looking to build a “backup facility” for enrichment that would remain undetected – and safe – in case of attack by the United States or Israel.
IAEA officials were not immediately available for comment.
The new, moderately tougher sanctions on Tehran include banning Iranian arms exports, and freezing the assets of 28 people and organizations involved in Iran’s nuclear and missile programs. About a third of those are linked to the Revolutionary Guard, an elite military corps that answers to Tehran leadership.
They also ask countries to restrict travel by the individuals subject to sanctions, as well as arms sales to Iran and new financial assistance or loans to the Iranian government.
The measure also said all sanctions would be suspended if Iran halts enrichment and made clear that the country can still accept a package of economic incentives and political rewards offered last year if it complies with the council’s demands.
source news : nwherald.com
Buffalo Gold Encouraged by Potential Changes to Uranium Policies in Queensland, Australia
Buffalo Gold Ltd. is pleased to announce that the March 23, 2007 edition of "The Australian", Australia's national newspaper, reports that the Labor party in the state of Queensland is backing away from its long-standing ban on new uranium mines. Premier Peter Beattie confirmed that he will support uranium mining in his state after a government-commissioned report from the Sustainable Minerals Institute at the University of Queensland showed uranium mining would not threaten the state's coal industry. The report noted Queensland had uranium reserves with an in-ground value of AUS$3.2 billion. The Queensland Government is therefore poised to allow new uranium mining if the Labor Party's national conference approves a change in its policy next month.
Management of Buffalo is encouraged by this recent development as two of the company's four uranium projects, the North Maureen and the Juntala projects, are located in the Georgetown-Townsville (GTN-TSV) uranium field of northern Queensland. Both properties were vended in to Buffalo 100% by GoldFx in early 2006 with the foresight that the uranium mining ban would indeed be lifted. The GTN-TSV hosts Mega Uranium's Maureen and Ben Lomond uranium deposits as well as many prospects and other uranium occurrences. The Maureen deposit has a 1979 non-NI 43-101 compliant resource estimate from Getty Mining Pty Ltd. of 6.9 million pounds contained uranium (2.38 million tonnes @ 0.12% U3O8 with a cut-off of 0.035% U3O8). Ben Lomond has a NI 43-101 indicated resource of 1.32 million tonnes @ 0.27% U3O8 (7.9 million pounds) and inferred resource of 602,585 tonnes @ 0.21% U3O8 (2.8 million pounds) (ref: www.megauranium.com).
At the North Maureen Uranium Project, Buffalo has 4,400 square kilometres of exploration permits under application adjacent to the Maureen Deposit, with approximately 60% of these having been granted. The property shows similar magnetic signatures to Maureen. Buffalo has identified several targets to be followed up with drilling.
The 100% owned Juntala Uranium project located south of the Maureen Deposit covers approximately 700 square kilometres. A high amplitude uranium channel radiometric anomaly strikes for over 35 kilometres within the basement rocks of the Juntala Project area. Technical review of the project has highlighted the potential of the area for a sandstone-hosted roll-front uranium deposit within the package of sedimentary rocks which are in contact with the radiometric active basement. This package has over 50 kilometres of strike length of favourable sedimentary rocks.
Damien Reynolds, Buffalo's Chairman and CEO, commented that "This development will allow Buffalo to accelerate exploration of its Queensland uranium properties in order to realise the value we perceived when we acquired them in early 2006."
Mr. Mark Dugmore, VP Corporate Development for Buffalo Gold, is a qualified person for Buffalo projects and has approved the contents of this news release.
To find out more about Buffalo Gold Ltd. (CDNX:BUF-U.V - News), please visit the company website at www.buffalogold.ca.
On behalf of the Board of Directors of BUFFALO GOLD LTD.
Damien Reynolds, Chair of the Board of Directors and Chief Executive Officer
Cautionary note to U.S. investors - This news release contains information about adjacent properties on which we have no right to explore or mine. We advise US investors that the mining guidelines of the United States Securities and Exchange Commission ("SEC") strictly prohibit information of this type in documents filed with the S.E.C. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Buffalo Gold Ltd.
Julie Hajduk
Investor Relations
(604) 685-5492 or Toll Free: 1-888-685-5492
(604) 685-2536 (FAX)
Email: julie@buffalogold.ca
Website: http://www.buffalogold.ca
Source: Buffalo Gold Ltd.
Management of Buffalo is encouraged by this recent development as two of the company's four uranium projects, the North Maureen and the Juntala projects, are located in the Georgetown-Townsville (GTN-TSV) uranium field of northern Queensland. Both properties were vended in to Buffalo 100% by GoldFx in early 2006 with the foresight that the uranium mining ban would indeed be lifted. The GTN-TSV hosts Mega Uranium's Maureen and Ben Lomond uranium deposits as well as many prospects and other uranium occurrences. The Maureen deposit has a 1979 non-NI 43-101 compliant resource estimate from Getty Mining Pty Ltd. of 6.9 million pounds contained uranium (2.38 million tonnes @ 0.12% U3O8 with a cut-off of 0.035% U3O8). Ben Lomond has a NI 43-101 indicated resource of 1.32 million tonnes @ 0.27% U3O8 (7.9 million pounds) and inferred resource of 602,585 tonnes @ 0.21% U3O8 (2.8 million pounds) (ref: www.megauranium.com).
At the North Maureen Uranium Project, Buffalo has 4,400 square kilometres of exploration permits under application adjacent to the Maureen Deposit, with approximately 60% of these having been granted. The property shows similar magnetic signatures to Maureen. Buffalo has identified several targets to be followed up with drilling.
The 100% owned Juntala Uranium project located south of the Maureen Deposit covers approximately 700 square kilometres. A high amplitude uranium channel radiometric anomaly strikes for over 35 kilometres within the basement rocks of the Juntala Project area. Technical review of the project has highlighted the potential of the area for a sandstone-hosted roll-front uranium deposit within the package of sedimentary rocks which are in contact with the radiometric active basement. This package has over 50 kilometres of strike length of favourable sedimentary rocks.
Damien Reynolds, Buffalo's Chairman and CEO, commented that "This development will allow Buffalo to accelerate exploration of its Queensland uranium properties in order to realise the value we perceived when we acquired them in early 2006."
Mr. Mark Dugmore, VP Corporate Development for Buffalo Gold, is a qualified person for Buffalo projects and has approved the contents of this news release.
To find out more about Buffalo Gold Ltd. (CDNX:BUF-U.V - News), please visit the company website at www.buffalogold.ca.
On behalf of the Board of Directors of BUFFALO GOLD LTD.
Damien Reynolds, Chair of the Board of Directors and Chief Executive Officer
Cautionary note to U.S. investors - This news release contains information about adjacent properties on which we have no right to explore or mine. We advise US investors that the mining guidelines of the United States Securities and Exchange Commission ("SEC") strictly prohibit information of this type in documents filed with the S.E.C. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Buffalo Gold Ltd.
Julie Hajduk
Investor Relations
(604) 685-5492 or Toll Free: 1-888-685-5492
(604) 685-2536 (FAX)
Email: julie@buffalogold.ca
Website: http://www.buffalogold.ca
Source: Buffalo Gold Ltd.
Alberta Star Discovers New Uranium Targets in the Eldorado Uranium Belt and Completes Staking and Acquisition of the Uranium Mineral Claims
Alberta Star Development Corp. (the "Company") is pleased to announce that the Company has staked a number of new and highly prospective uranium targets after reviewing the results of the Company's recently completed Regional High Resolution Aeromagnetic Gradiometer-radiometric Survey over the Eldorado & Contact Lake uranium belts (NR Aug 30, 2006). The Eldorado South uranium claims consist of sixteen contiguous claims located south of the Eldorado uranium mine on the east side of Great Bear Lake, NT and 423 miles north of the city of Yellowknife, and consists of 15,055.31 hectares (37,202.32 acres). This newest property acquisition increases the size of the Eldorado & Contact lake IOCG and uranium projects to over 87,706 acres. The anomalous area of the Eldorado south uranium claims includes several large radiometric anomalies of up to 2.5 kilometers in length and suggests a potentially significant near surface uranium target. These large uranium anomalies have never been explored nor drill tested and will be an important focus of exploration by Alberta Star in 2007. The airborne geophysical survey was conducted in July and consisted of 16,708 line-kilometers at 100 meter line-spacings and was completed under hot, sunny and dry weather conditions.
This is the first High Resolution, Multi-Parameter Regional Radiometric and Magnetic survey ever conducted over the Eldorado & Contact Lake IOCG & Uranium Belt using newly developed geophysics technology. Several of the larger anomalies show uranium radiometric signatures of comparable or greater in strength, to the known zones of uranium mineralization already identified on the Company's uranium properties.
The Company will begin a detailed regional reconnaissance scale sampling and mapping program on the newly staked Eldorado south uranium claims. The Company intends to rapidly advance its uranium exploration and drilling activities in 2007 and continue with development of its strategically owned assets in the Eldorado & Contact Lake uranium and IOCG districts.
The Company made a key decision to over-fly its claim boundaries by some distance and take advantage of the unseasonably dry, hot and sunny weather, and as a result has identified several large previously undiscovered uranium anomalies in an area that has never been explored for uranium. Alberta Star's President and CEO Tim Coupland commented, "We are extremely pleased about the discovery of our new uranium targets resulting from our decision to increase the survey area. The signatures of these newly discovered uranium anomalies are large and pronounced. The Company will prepare these large uranium anomalies for drilling this spring and summer. Alberta Star remains the only mineral exploration company that has successfully completed the rigorous permitting process at the Eldorado & Contact Lake region, which includes new strictly enforced environmental safety standards for diamond drilling in the Sahtu Dene settlement region." The Company has secured three BBS-25A (71 series) for deep drilling in 2007.
THE ELDORADO URANIUM MINE - ELDORADO URANIUM DISTRICT
The Eldorado Uranium Mine formerly mined and produced 15 million pounds of uranium at an average head grade of 0.75% U308 and 8 million ounces of silver plus, copper, nickel, radium, polonium and lead at the Eldorado - Port Radium area commencing in 1933. (Normin NTGO: SENES Report 2005) The Eldorado Mine has approximately 25 miles of existing underground workings developed on fourteen levels and was formerly one of Canada's principal producers of high grade uranium pitchblende concentrates from the 1930's to the 1960's. The Echo Bay mine produced over 23,779,178 million ounces of silver at an average head grade of approximately 66 ounces per ton prior to its closure in 1982.
The Company has assembled an experienced IOCG & uranium technical team with advanced uranium exploration expertise, whom believe the Eldorado & Contact Lake district has the potential to host both Olympic Dam and volcanic hosted styles of copper, gold, and uranium deposits. The current March 26, 2007 spot price for uranium provided by the Ux Consulting Company LLC (www.uxc.com) is now $91.00 US per pound.
ALBERTA STAR DEVELOPMENT CORPORATION
Alberta Star is a Canadian mineral exploration company that identifies, acquires and finances advanced stage mineral exploration projects in Canada. The Company is committed to creating long term shareholder value through the discovery of base and precious metals and uranium.
ALLAN FELDMAN-INVESTOR RELATIONS
Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's In-house Investor Relations and Corporate Communications Specialist, for all corporate updates at (604) 948-9663.
ALBERTA STAR DEVELOPMENT CORP.
Tim Coupland, President & CEO
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For further information investors should review the Company's filings that are available at www.sedar.com or contact Tim Coupland, President at (604) 681-3131.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.
Contacts:
Alberta Star Development Corp.
Tim Coupland
President and CEO
(604) 681-3131
(604) 801-5499 (FAX)
Website: http://www.alberta-star.com
Source: Alberta Star Development Corp.
This is the first High Resolution, Multi-Parameter Regional Radiometric and Magnetic survey ever conducted over the Eldorado & Contact Lake IOCG & Uranium Belt using newly developed geophysics technology. Several of the larger anomalies show uranium radiometric signatures of comparable or greater in strength, to the known zones of uranium mineralization already identified on the Company's uranium properties.
The Company will begin a detailed regional reconnaissance scale sampling and mapping program on the newly staked Eldorado south uranium claims. The Company intends to rapidly advance its uranium exploration and drilling activities in 2007 and continue with development of its strategically owned assets in the Eldorado & Contact Lake uranium and IOCG districts.
The Company made a key decision to over-fly its claim boundaries by some distance and take advantage of the unseasonably dry, hot and sunny weather, and as a result has identified several large previously undiscovered uranium anomalies in an area that has never been explored for uranium. Alberta Star's President and CEO Tim Coupland commented, "We are extremely pleased about the discovery of our new uranium targets resulting from our decision to increase the survey area. The signatures of these newly discovered uranium anomalies are large and pronounced. The Company will prepare these large uranium anomalies for drilling this spring and summer. Alberta Star remains the only mineral exploration company that has successfully completed the rigorous permitting process at the Eldorado & Contact Lake region, which includes new strictly enforced environmental safety standards for diamond drilling in the Sahtu Dene settlement region." The Company has secured three BBS-25A (71 series) for deep drilling in 2007.
THE ELDORADO URANIUM MINE - ELDORADO URANIUM DISTRICT
The Eldorado Uranium Mine formerly mined and produced 15 million pounds of uranium at an average head grade of 0.75% U308 and 8 million ounces of silver plus, copper, nickel, radium, polonium and lead at the Eldorado - Port Radium area commencing in 1933. (Normin NTGO: SENES Report 2005) The Eldorado Mine has approximately 25 miles of existing underground workings developed on fourteen levels and was formerly one of Canada's principal producers of high grade uranium pitchblende concentrates from the 1930's to the 1960's. The Echo Bay mine produced over 23,779,178 million ounces of silver at an average head grade of approximately 66 ounces per ton prior to its closure in 1982.
The Company has assembled an experienced IOCG & uranium technical team with advanced uranium exploration expertise, whom believe the Eldorado & Contact Lake district has the potential to host both Olympic Dam and volcanic hosted styles of copper, gold, and uranium deposits. The current March 26, 2007 spot price for uranium provided by the Ux Consulting Company LLC (www.uxc.com) is now $91.00 US per pound.
ALBERTA STAR DEVELOPMENT CORPORATION
Alberta Star is a Canadian mineral exploration company that identifies, acquires and finances advanced stage mineral exploration projects in Canada. The Company is committed to creating long term shareholder value through the discovery of base and precious metals and uranium.
ALLAN FELDMAN-INVESTOR RELATIONS
Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's In-house Investor Relations and Corporate Communications Specialist, for all corporate updates at (604) 948-9663.
ALBERTA STAR DEVELOPMENT CORP.
Tim Coupland, President & CEO
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For further information investors should review the Company's filings that are available at www.sedar.com or contact Tim Coupland, President at (604) 681-3131.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.
Contacts:
Alberta Star Development Corp.
Tim Coupland
President and CEO
(604) 681-3131
(604) 801-5499 (FAX)
Website: http://www.alberta-star.com
Source: Alberta Star Development Corp.
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