Just when we are suggesting a little caution Santoy Resources Limited puts out some good news, once again demonstrating that they are on the ball.

Santoy and its joint venture partner, Melkior Resources Incorporated have just announced the acquisition of a 100% interest in 13 claims totalling 501.55 Ha at Lac Laparre in the Otish Mountains district of Quebec.

It warms the heart to have a steady news stream and reassures us that they have not fallen asleep at the wheel. They also say that the best grab sample was reported to have assayed 0.26% U3O8, okay so far.

This uranium stock has opened today up 6.12% at $1.04, on a volume of 300,000 plus shares traded, goody! Volume was looking a little weak.

A nice start to the week, as we said “Keep an eye”

Melkior Resources Incorporated trades on the TSX.V under the symbol of MKR

29 January 07