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« URANIUM: Up again at $54.00! | Main | Did we say $52? »
Monday
Sep252006

CROSSHAIR Exploration and Mining Corporation

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Crosshair is an exploration company actively engaged in the uranium and gold sectors. This exposes our investment to the possibility of a double success, as we believe gold will head higher and uranium looks unstoppable at the moment.

The company is currently exploring for uranium in the Central Mineral Belt of Labrador, where it has amassed a land position amounting to some 2740 claims, covering an area of 685 square kilometres. This area is regarded by a lot of commentators as the next big uranium discovery in Canada. The management team is also highly thought of and Canada is geographically and geopolitically as good as it gets.

On the gold front there is the Golden Promise Project where Bonanza grade samples of 105.28 g/t gold and 41.66 g/t gold from a test pit have been found along with a Gold bearing quartz vein 8 - 10 meters wide now exposed by trenching over a 200 meter strike length.

The shares have recently traded as high as CND $2.00 and then dropped in a precious metals pull back. However the investing public do seem to have realized that uranium hasn’t actually dropped back at all and continues to advance with considerable gusto. So the share price has recovered and is presently trading at CND $1.86.

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You can find Crosshair on the TSX trading under the symbol of CXX.

We will start accumulating this stock as of now, buying small quantities and slowly building our stake.

Don’t go too heavily into it, as the lag between uranium itself and the uranium stocks is still a little puzzling to us.

25 September 2006

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