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Bayswater Uranium Corporation reports its purchase agreement with a private Nevada corporation for the acquisition of a 100% interest in certain unpatented minerals claims located adjacent to its Mountain West project claims in Elko County, Nevada. Claims subject to the purchase agreement are situated adjacent to lode claims held 100% by the Company covering a Tertiary channel that …
Bayswater Uranium Corporation reports its purchase agreement with a private Nevada corporation for the acquisition of a 100% interest in certain unpatented minerals claims located adjacent to its Mountain West project claims in Elko County, Nevada.
Claims subject to the purchase agreement are situated adjacent to lode claims held 100% by the Company covering a Tertiary channel that hosts a historical resource of over 1.0 million lbs U3O8. The acquired claims cover a portion of the favorable channel and additional areas of known uranium mineralization. The Company has completed a preliminary compilation of historic drilling by Pathfinder (Areva) on its current claims and is pursuing permitting of the project for drill testing and metallurgical work in 2009.
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