Crosshair delivers significant growth to upper C zone

- August 7th, 2008

Crosshair Exploration & Mining Corp. reports an updated independent NI 43-101 resource estimate on the C Zone and two new areas at its Central Mineral Belt (CMB) uranium project, Labrador. The updated estimates include an indicated resource of 5.19 million pounds of uranium (U3O8) and additional inferred resources of 5.82 million pounds of U3O8 (see below for … Continued

Crosshair Exploration & Mining Corp. reports an updated independent NI 43-101 resource estimate on the C Zone and two new areas at its Central Mineral Belt (CMB) uranium project, Labrador.

The updated estimates include an indicated resource of 5.19 million pounds of uranium (U3O8) and additional inferred resources of 5.82 million pounds of U3O8 (see below for tonnage and grade details). The indicated resource is contained wholly within the Upper C Zone, while the inferred resource estimate includes resources from the Lower C Zone (1.60 million pounds), Area 1 (0.48 million pounds), and Armstrong (0.90 million pounds).

President and COO of Crosshair, Paul Hosford says:

“Not only have we now shown continuity of the deposit by upgrading a substantial portion of the resource from inferred to indicated, but we have also increased the overall number of pounds and delineated resources in two new areas.”  “With the added vanadium component of the deposit and the recent acquisition of the Two Time Zone, which also contains a NI 43-101 compliant uranium resource, we are well positioned to commence an expansion program on all four deposits.”

For full details of this press release, click this link. Uranium Investing News researchers discovered Crosshair’s projects described on their website. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.

 

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