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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: UPTICK who wrote (5972)	1/2/2007 6:52:50 PM
From: Rocket Red	Read Replies (1) \| Respond to of 30242

2007-01-02 18:32 ET - News Release Shares issued 25,940,432 NCA Close 2007-01-02 C$ 0.425 Also News Release (C-HAT) Hathor Exploration Ltd Northern Cdn talks about Russell Lake seismic surveys Mr. Alan Crawford of Northern Canadian reports REPORT ON 2-D SEISMIC SURVEY ON THE RUSSELL LAKE URANIUM PROJECT, ATHABASCA BASIN, SASKATCHEWAN Since 2003, Northern Continental Resources Inc. (60 per cent) and joint venture partner Hathor Exploration Ltd. (40 per cent) have become leaders in the application of two-dimensional seismic methods to uranium exploration, having completed approximately 98 line kilometres of high-resolution reflection seismic surveys on the Russell Lake project. Significant complex structural zones have been observed in this seismic work performed to date, many of which will be targeted by future diamond drilling programs. The geological setting of the eastern Athabasca basin region of Northern Saskatchewan accounts for approximately 28 per cent of the world's annual mine production of uranium. All of this production comes from unconformity-style uranium ore deposits the richest uranium deposits in the world. Favourable lithostructural settings, ductile-brittle to brittle fault zones that once carried and trapped uranium-rich fluids, are one of the key geological factors that were required for the formation of unconformity-style uranium deposits. The best means of identifying and defining in detail these structural geochemical traps at depth is through seismic exploration methods similar to what is used in the oil and gas industry. Northern Continental/Hathor's seismic surveys resulted from the demonstration of seismic as an exploration tool by the Extech IV Athabasca basin uranium multidisciplinary study. This comprehensive $7.5-million program was initiated in 2000 with funding from the Geological Survey of Canada, matched by cash, and in-kind resources from the National Sciences and Engineering Research Council; the Geological Surveys of Saskatchewan and Alberta; Cameco Corp.; and Areva Resources Canada Inc., with the participation of the universities of Saskatchewan, Laurentian, Alberta and Regina. Its objectives were to enhance the geoscientific knowledge of the Athabasca basin, to stimulate further mineral exploration and to develop new methods of exploration for unconformity-style uranium deposits, thereby sustaining and enhancing the development of this world-class mining camp. Initial Extech IV studies included eight kilometres of high-resolution two-dimensional seismic profiles acquired in the P2 North deposit area at Cameco and Areva's McArthur River mine, the world's largest, high-grade uranium deposit with proven and probable reserves of 389 million pounds U3O8 contained in 727,000 tonnes grading 24.28 per cent. These initial seismic images from the McArthur River mine have now been further developed, refined and studied in considerably more detail via the 2006 PhD thesis of Steve Gyorfi at the University of Saskatchewan under the supervision of Dr. Zoltan Hajnal and Dr. Irvine Annesley of the Saskatchewan Research Council. At McArthur River, Mr. Gyorfi's seismic research clearly shows the unconformity between Archean and Paleoproterozoic basement rocks, and the overlying Athabasca group sandstones, and its offset by the P2 and other complex faults. In addition, the structural disruption caused by the P2 fault zone can be seen extending both into the overlying, altered Athabasca group sandstones and deeply into the metamorphic basement rocks. Pattern analysis of the seismic images conforms to drill hole data sets and observed mine site geology. Mr. Gyorfi's McArthur River studies undoubtedly demonstrate the applicability of seismic methods to extend previous geological modeling and improve the geological framework for uranium exploration, as well as directly imaging ore-related structures. Northern Continental/Hathor's seismic surveys were completed using the field services of Kinetex Inc. of Calgary, Alta., and the processing capacities and interpretive skills of the University of Saskatchewan's seismology laboratory. The Russell Lake project encompasses an area approximately 12 kilometres by 40 kilometres on strike, with and between the former producing Key Lake uranium deposit and the presently producing McArthur River deposit. A power line and an all-weather road are located along the boundary of the property. The road is presently used to truck uranium ore from the McArthur River mine to the Key Lake mill for processing. This region hosts the highest-grade uranium deposits in the world. Details of the 2007 Russell Lake project exploration program, which will include further geophysical surveys and drilling, will be released shortly.

To: UPTICK who wrote (5972)	1/2/2007 9:33:40 PM
From: Tommaso	Respond to of 30242

Goodness gracious! 45 posts to the uranium thread and only ONE to the tar sands thread. Is it possible that posters to the latter are beginning to feel that something is amiss? I certainly do not mean everyone on that thread. Only those who ruined it for serious and systematic investors who valued sane discussion. Also, the pretentions of guruitude. Disclaimer: I was banned from that thread so I am naturally annoyed--especially since I was plugging the tar sands years before the thread existed. In any case, uranium is where the real action has been for the last two years.