Yellowcake Mining Inc.: Drilling Program Arranged for Uravan-Beck Uranium Targets
Monday April 14, 9:00 am ET
ca.us.biz.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 14, 2008 -- Yellowcake Mining Inc. (OTC BB:YCKM.OB - News) has selected Stewart Brothers Drilling, Milan, New Mexico, to execute the Phase One drilling program at our Uravan-Beck uranium project on the Colorado Plateau. The program consists of completion of over 20,000 feet of rotary drilling at ten sites where significant uranium mineralization is indicated by the presence of close-spaced drill holes which were completed during the 1970s and 1980s. Most drill targets are at shallow depths of less than 150 feet. Drilling will commence following receipt of the proper governmental permits.
LEGAL NOTICE REGARDING FORWARD LOOKING STATEMENTS
Statements in this news release, that are not purely historical are forward looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that we will obtain drilling permits from the State of Colorado; and that Stewart Brothers Drilling will carry out the drilling program of over 20,000 feet. It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data, we may be unable to comply with required conditions for drilling, or drilling may not be permitted at all; that we may not be able to raise sufficient funds to complete the payment obligations; that equipment may not perform as anticipated; that weather, logistical problems or hazards prevent us from exploration, development or from fulfilling our obligations; that we may not be able to attract or retain key employees, contractors or advisors in the current competitive environment; that results in any particular holes are not necessarily indicative of larger areas of the property; and that despite encouraging data there may be no commercially exploitable mineralization on the properties based upon the applicable world uranium prices and the quality or grade of the resource. Readers should refer to the risk disclosures outlined in our periodic reports filed on Edgar with the Securities and Exchange Commission.
Contact:
Contacts:
Yellowcake Mining Inc.
Andrew Fedak
1-877-338-4438
Website: yellowcakemining.com
Source: Yellowcake Mining Inc. |
