Crosshair Energy Announced Exploration Project

Crosshair Energy Corporation  (TSX:CXX,NYSE:CXZ ) announced plans to explore at Juniper Ridge uranium property in Wyoming, USA.

As quoted in the press release:

The program of approximately 60,000 ft (18,290 metres) of drilling will build on the strong results from last year’s program which culminated in an initial mineral resource estimate of 5.2 million pounds of uranium oxide (4.14 million tons at 0.063% eU3O8), using a grade-thickness (GT) cut-off of 0.1%-ft.

Crosshair’s President and CEO, Mark Ludwig said:

We are excited to be continuing our resource expansion efforts in Wyoming this year. Last year’s successful program confirmed an Indicated Resource of more than 5 million pounds of uranium oxide and we expect the 2012 program to capture more of the historic resource.

Click here to read the Crosshair Energy Corporation  (TSX:CXX) press release.