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To: Postman who wrote (74)	3/2/2005 3:02:45 PM
From: geo in vancouver	Respond to of 78

Todays news on CROSSHAIR. Stock has steadily moved up over the past two weeks and still shows momo. Assays due out in 2-3 weeks and then more to come see below.. geo Mr. Timothy Froude reports URANIUM PROPERTY ACQUISITION AND DEVELOPMENTS LABRADOR CENTRAL MINERAL BELT Crosshair Exploration and Mining Corp. has acquired 381 claims adjacent to and four kilometres north of its Moran Lake uranium/IOCG (iron-oxide-copper-gold) property in central Labrador, bringing the total land package at Moran Lake to 11,200 hectares. These claims have been acquired in three blocks through property option, and firmly establish Crosshair as a dominant player in the emerging Central mineral belt uranium/IOCG district. The acquisitions support the company's belief that the Moran Lake area is host to multiple zones of significant uranium mineralization, as well as IOCG-type mineralization. Moran heights property acquisition High-grade boulder field The majority of the new claims cover an area known as Moran Heights, which contains over 300 uranium-bearing boulders averaging between 0.5 per cent to 1 per cent U3O8, to a high of 2.36 per cent U3O8. Limited drilling in the vicinity of the mineralized float by Canico, in the late 1970s, intersected widespread and locally significant copper-and-silver mineralization, including 0.24 per cent copper over 32 metres, and 2.24 per cent copper and 1.5 ounces per ton silver over 0.6 metre. This suggests the possibility of IOCG-type mineralization in addition to the potential for significant uranium mineralization. The claims straddle the same Helikian/Aphebian unconformity that is associated with the Moran Lake "C" zone uranium mineralization, located four kilometres to the south of Moran Heights. Other unsourced boulders included a sample of hematized granodiorite that returned 0.88 per cent U3O8 from an area several kilometres north of the Moran Heights boulder field, suggesting many source areas. A portion of the new property is contiguous with the existing Moran Lake property and lies directly along strike with the C zone, which remains open for expansion. All new claims will be included in the planned airborne radiometric and magnetic survey, which will be flown as soon as conditions allow. Moran Lake property developments Phase 1 core sampling Whole rock, trace-element and assay results (607 samples) are expected in two to three weeks from the recently completed phase 1 core sampling program on archived Shell Canada core, drilled at Moran Lake. Emphasis was placed on sampling sections of core considered most prospective for IOCG mineralization, including extensive hematite-rich breccias with locally significant disseminated copper sulphides. The presence of this style of mineralization located several kilometres southwest of a significant gravity anomaly suggests the drilling intersected distal phases of an IOCG system and that portions of the gravity anomaly could contain significant concentrations of metals. It should be noted that all of the Shell drilling lies outside of the main gravity anomaly. The IOCG class of deposit can be very large and are usually polymetallic (copper and gold), with alteration haloes measuring tens of square kilometres. The Moran Lake property is host to significant, near-surface uranium mineralization, including 1.1 million pounds in the upper C zone (historical figures not to National Instrument 43-101 standards), as well as IOCG-type mineralization, similar to the Olympic Dam deposit in Australia. Olympic Dam is one of the world's largest copper deposits with considerable gold and silver production. Olympic Dam is unique among IOCG deposits in that it is also the world's largest uranium deposit. The mineralogical, geological and structural setting at Moran Lake is comparable to that at Olympic Dam. Phase 2 uranium sample program A phase 2 core sampling program is planned for mid-March and will focus on the approximately 43 sections of radioactive core that were not sampled previously by Shell Canada. These sections range from 0.21 metre to over 13 metres in thickness and exhibit varying levels of radioactivity and occur with and without associated IOCG-style alteration/mineralization. The Moran Lake and Moran Heights properties are located 135 kilometres north of Happy Valley-Goose Bay, and 75 kilometres southwest of the coastal community of Postville, Nfld. The properties cover advanced uranium as well as IOCG targets in the highly prospective Central mineral belt of Labrador. Crosshair can earn a 90-per-cent interest in the property, from the vendor, Lewis Murphy (subject to a 2-per-cent net smelter return and a 10-per-cent carried interest to the vendor) by spending $3-million in exploration and by paying a total of $575,000 in cash and issuing 1.6 million shares over the term of the five-year earn-in agreement. Included in these numbers are an additional $50,000 and 100,000 shares, issuable to the vendor for the acquisition of the additional Moran Heights property, subject to regulatory approval. All original terms of the Moran Lake agreement with the vendor remain unaltered. With regard to the historical resource estimates referred to in this news, and details regarding the location of these historical resources, which the company considers relevant but not to National Instrument 43-101 standards, please refer to news in Stockwatch on Nov. 2, 2004, and Nov. 4, 2004, for full details and context.