Bayswater Issues NI 43-101 Technical Report on Elkhorn Project

Bayswater Uranium reports results of an independent NI 43-101 technical report for its Elkhorn uranium project, Wyoming.

NCA’s Elkhorn Uranium Project comprises two groups of properties, designated the Elkhorn Properties, owned 100% by Bayswater, and the Hauber Project Properties, a venture between NCA and NFUR HAUBER, LLC, a subsidiary of Ur-Energy Inc. (TSX: URE). NCA can earn a 75% interest in the Hauber Project Properties by expending US$1.0 million on the properties over four years, as described in a previous announcement dated December 1, 2009.

Mr. George Leary, President of Bayswater Uranium says:

“This Technical Report represents the next step in Bayswater’s efforts to consolidate and expand the Company’s uranium resources in the northwestern Black Hills region of Wyoming. In line with this expansion, we anticipate the issuance of updated resource reports by mid-year.”  “The Elkhorn Project, in combination with our adjacent Alzada Project in neighboring Montana is an exciting second project in the resource pipeline that potentially provides us with another complementary production opportunity.”

For complete press release, click here.

For Bayswater’s company profile, click here.