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« ESO URANIUM CORPORATION: Time to buy? | Main | United Kingdom Independence Party: Pro Nuclear energy »
Wednesday
Oct182006

Crosshair Exploration and Mining Corp: Update

President and CEO Mark J Morabito has recently issued some interesting news regarding Crosshair’s progress.

The Croteau Lake drill results are looking promising where they have defined three new priority target areas for drilling early in 2007 during the Company's planned winter drill program. Numerous other uranium radiometric anomalies are currently being evaluated in order that they can be advanced to the drilling stage.

The Armstrong occurrence, located close to the Company's Armstrong base camp, has returned an average grade of 0.303% U3O8 from 17 grab samples collected over a 200-meter strike length.

The Blue Star area covers a broad radiometric anomaly centred 5 kilometres northeast of the Moran Heights Zone. Assays from surface grab samples range from 0.068% U3O8 to 1.37% U3O8. Diamond drilling in 2007 will test several areas within the Blue Star anomaly.

The trading volume is pretty steady and the stock price closed yesterday at around C$1.92.

This kind of progress gives us great comfort in that this uranium explorer is getting on with it. Add this to the ever-increasing price of uranium and we are going places.

We will hold this uranium stock and try and accumulate more going forward as cash permits.

18 October 2006

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Reader Comments (4)

Uh, since when is a post almost four years old on your opening web page considered an "update?"

Especially when the stock "gives us great comfort" at $1.92 and is now around twenty cents?

Who's in charge of editing around there?

June 18, 2010 | Unregistered CommenterJoeBronx

Hi Joe,

Some time ago our readers asked us to group together articles about a particular company so that they didn’t have to search the whole site to see what we had written in the past about that company.

So we came up with the idea of relating articles by the company name, which works well for Agnico as the system then groups together those articles about Agnico.

However for articles of a more general nature the system does not work so well. Hopefully we can improve on it in future.

Best wishes,

Bob

June 18, 2010 | Unregistered CommenterUranium Stocks

Thanks for the response,Bob; May I amend my Crosshair entry, though?

Seems the stock that "gave you great comfort at $1.92" is not the TWENTY cents I posted, but TEN CENTS A SHARE! Oooopa!

Move over Enron! Outta the way, Bernie Madoff! You've got some serious competition here at the Uranium Stocks Newsletter!

June 23, 2010 | Unregistered CommenterJoeBronx

Joe,

Its hard to see a way out of it at the moment so our concentration has been where the action is, which is gold and silver. The new options trading service is doing very well indeed as you can see by the chart. The objective is to make money which we are doing, however, we dont see these opportunities in Uranium just yet, but it will come.

June 23, 2010 | Unregistered CommenterUranium Stocks

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