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Gold/Mining/Energy : Gold-Ore Resources T.GOZ GREXF

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From: John McCarthy	1/4/2007 2:41:11 PM
	of 49

I am posting several posts from StockHouse GOZ has Uranium Property Too.. stockhouse.ca Gold-Ore, Santoy begin uranium project 2006-02-17 09:04 ET - News Release See News Release (C-PHR) Pathfinder Resources Ltd (2) Mr. Victor Tanaka of Pathfinder reports PATHFINDER RESOURCES LTD., GOLD-ORE RESOURCES LTD. AND SANTOY RESOURCES LTD.: URANIUM SYNDICATE COMMENCES EXPLORATION PROGRAM IN GUATEMALA Pathfinder Resources Ltd., Gold-Ore Resources Ltd. and Santoy Resources Ltd. have confirmed that a uranium exploration program has commenced on recently acquired mineral concessions in Guatemala. The two contiguous concessions cover 169 square kilometres. The phase I program is under way and consists of prospecting and geochemical sampling in areas of known uranium mineralization. The prospective areas within the concessions have seen two uranium exploration programs starting with the United Nations Development Program in the early 1980s. During the period 1987 to 1991, the mining technical mission from Taiwan completed detailed programs that culminated in the drilling of five diamond drill holes. A number of uranium occurrences were located. The syndicate has approved a program that will allow a geological prospecting team to carry out a first pass review of the known showings and prospect for new occurrences. Fieldwork by the syndicate in 2005 verified the location of some of the documented occurrences of uraniferous outcrops and boulders. Samples collected by the syndicate from boulders of petrified wood returned values of 0.19 per cent and 0.22 per cent U3O8. An outcrop sample from a conglomerate unit returned a grade of 0.13 per cent U3O8. The uranium occurrences in Guatemala belong to the class "sediment-hosted" uranium similar to the Blizzard deposit in Southern British Columbia and the Honeymoon deposit in South Australia. In this model, groundwaters leached uranium from surrounding and overlying uranium rich volcanic rocks, and deposited it in porous and permeable sedimentary units, where a reducing environment was created by organic material. Deposits formed by these processes are often amenable to in situ leaching which significantly decreases the cost of production and the environmental impact of mining. Under terms of the syndicate agreement, Santoy and Pathfinder can each earn a 33.33-per-cent interest in the property by spending $500,000 each over a four-year period. Gold-Ore holds 100-per-cent interest and is carried until the $1-million is spent and then a joint venture will be formed. Gold-Ore is operator for the syndicate and all programs are subject to approval by a management committee. Robert S. Wasylyshyn, PGeo, is the qualified person for the syndicate. We seek Safe Harbor.

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