Bayswater reports drilling underway & extended to test new target

- March 1st, 2010

Bayswater Uranium Corporation reports that drilling is now underway on the Fife Island target on the Collins Bay Extension project and that additional drilling is planned for a second, large and well-defined target located 8 kilometres due east of Cameco Corporation’s Collins Bay-Eagle Point Mine. Extensive exploration, including land and lake bottom geochemical sampling, airborne VTEM and … Continued

Bayswater Uranium Corporation reports that drilling is now underway on the Fife Island target on the Collins Bay Extension project and that additional drilling is planned for a second, large and well-defined target located 8 kilometres due east of Cameco Corporation’s Collins Bay-Eagle Point Mine.

Extensive exploration, including land and lake bottom geochemical sampling, airborne VTEM and magnetic surveys and limited drilling has previously been carried out by Bayswater on the Project. As a result, numerous targets remain to be drill tested in favourable geological, geochemical and geophysical settings associated with basement conductive zones and structures favourable for high grade unconformity type mineralization.

Bayswater’s President,  George Leary says:

“We are excited about the drill follow up of an historical drill intercept after reevaluation by CanAlaska’s knowledgeable technical team. The second new drill target, defined by state-of-art VTEM and gravity surveys which indicate a conductor in coincidence with an alteration system and favourable structure, has the size, geological and geophysical character and proximity to known uranium deposits that are highly favourable indications of a significant target. We look forward to the results of drilling on both of these targets.”

For complete press release, click here.

For Bayswater’s company profile, click here.

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