Crosshair Exploration & Mining Corp. (TSX:CXX,AMEX:CXZ) provided an update on the exploration program from both the CMB Uranium/Vanadium project and the CMB JV uranium project located in central Labrador, Canada.

The press release is quoted as saying:

At the CMB Uranium/Vanadium Project, a total of 1,734 m in 9 holes have been completed in the structural corridor between the C Zone and Area One. Down hole gamma logs and hematitic alteration encountered in the upper portions of the holes strongly suggest that the vanadium/uranium mineralization is continuous between the two zones. The drill program at the C Zone corridor is complete and samples have been shipped for assay. The Blue Star Showing, which is located northwest of the C Zone corridor, remains to be drilled. Previous work indicated several anomalous zones and assay results of local float and outcrop returned values up to 1.37% uranium. Six holes totalling 600 m are planned to test the various anomalies.

Click here to access the entire news release.