March 31, 2007
An initial property inspection by the company has revealed heavily mineralized sandstone visible in three channel systems from a lower outcrop with several targeted horizons. Additionally, four smaller channeling systems and historical workings were also investigated in the upper exposed horizon. Visually apparent throughout were carbon trash beds, petrified trees and organic matter that form an intensive reductant medium necessary for the precipitation of uranium ores. Similar showings approximately 3,000 feet (914 m) south of these older workings support good exploration potential for this lower lens. A phase 1 work program was proposed and should consist of surface mapping, sampling, road rehabilitation, and approximately 3,500 feet (1067 m) of exploration drilling for approximately 10 drill holes planned for within the next 3 to 6 months. Three to four holes will twin historical holes on the top of the Hat while 3 to 4 more to be place at the southern extent.
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