Reported extensive geophysical survey and on-ground exploration was conducted over Aillik, from which specific drill targets will be identified for drilling in 2008.
May 8, 2007
Reported that the 2007 exploration program at Aillik included a detailed geophysical survey. Radiometric geophysical surveys proved to be highly effective in uranium exploration, including the CMB. The Aillik property was interpreted by the Geological Survey of Newfoundland and Labrador to be underlain by the same, or similar, package of rocks that hosts the Michelin and Jacques Lake deposits, as well as the White Bear Lake and Otter Lake uranium systems.
April 17, 2007
Reported the agreement with Cash Minerals for a uranium property joint venture.
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