Crosshair Commences Drilling in the Central Mineral Belt, Labrador

Crosshair Exploration & Mining Corp. (TSX:CXX) reports that drilling has began at both the CMB uranium/vanadium project and the CMB JV uranium project located in central Labrador, Canada.

The press release is quoted as saying:

The 2011 program will consist of 8,500 metres of drilling as well as prospecting, sampling, and trenching. The goal of the program is to increase the existing uranium and vanadium resources, as well as test the new uranium targets outlined from the 2009 and 2010 exploration programs. The program is expected to take 3 months to complete and cost approximately $3.8 million.

Crosshair’s President and CEO, Stewart Wallis, P.Geo says:

“We are glad to be back in Labrador and taking these projects another step.” “The last couple of years’ work has outlined some very interesting targets that we look forward to drilling.”

Click here to access the entire news release.