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.
Showing posts with label Project. Show all posts
Showing posts with label Project. Show all posts
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.
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.
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