Bayswater begins drilling on newly discovered high-grade uranium

Bayswater Uranium Corporation reports on a high-grade uranium showing discovered in the Lake Minisinakwa area, Central Mineral Belt of Labrador.

Preliminary assay results from the zone are very encouraging with the highest analyses to date being 3.48% U3O8. The following table provides a list of results from sampling performed on the zone. Of 29 samples collected to date, 5 returned assays greater than 1% U3O8, with 26 greater than 0.10% U3O8.

Mr. George Leary, President of the Bayswater Uranium states:

“We are extremely encouraged by the analytical results to date and geologic setting of uranium mineralization from the Minisinakwa area. The uranium grades from samples in the area are the best we have seen since beginning to explore in the Central Mineral Belt.”

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