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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Chunger who wrote (35523)	3/11/2007 8:26:03 PM
From: onepath	Read Replies (2) \| Respond to of 78421

Hi Dave Thanks for that response on NCA.v I opened a small position on friday and will add if it goes the right way.NCA also has 9 uranium projects in Wyoming and South Dakota with 397,000 lb of eU308 proven up. ESO,v I also have a position in and it looks about ready to rock. WRI.v I hesitated(brain freeze) and lost.Thought it would correct.Now reluctant to chase. PWE.v and FSY.to both look solid but I have core holdings in DML.wt.a EMC URZ and TVC. So only looking for cheap entries in specs, like NCA and ESO right now.Also like ALZ CBP and DOS in the low end stuff. Northern Cdn indicates 397,000 lb eU308 at Busfield 2007-02-27 14:06 ET - News Release Mr. Praveen Varshney reports NORTHERN CANADIAN REPORTS NI 43-101 URANIUM RESOURCE FROM ELKHORN PROJECT, WYOMING Northern Canadian Minerals Inc. has received the first uranium resource estimate for the Busfield mine area of the Elkhorn project, in northeast Wyoming. The resource estimate is based on the company's recent drilling programs in 2006, which included a total of 70 drill holes. The resource estimate was prepared by SRK Consulting (U.S.) Inc., in Denver, Colo. SRK has calculated the following resource, which remains open in several directions for further exploration. BUSFIELD MINE AREA RESOURCE ESTIMATE Cut-off eU308 Category Tons Average grade Contained pounds eU308 eU308 0.05% eU308 Indicated 250,000 0.08% eU308 397,000 Inferred 3,000 0.08% eU308 5,000 Uranium mineralization at Busfield is sandstone hosted and occurs very close to surface at depths generally less than 50 feet. The Busfield drilling and resource estimate include an area of approximately 600 feet (north-south) by 600 feet (east-west). The deposit is conformable, and remains open for further exploration and expansion to the northwest and south. The goal of the company is to trace the deposit, down dip, and to evaluate the potential for in situ leach mining operations in this region. The Busfield resource is located within a 1.6-mile-long (2.6-kilometre-long) trend of uranium occurrences and historic mines. The resource lies between two historic uranium mines, one located 3,200 feet (one kilometre) to the northwest and a second mine located 6,200 feet (1.9 kilometres) to the southwest. Additional drilling is planned to expand the resource, by drilling extensions of the Busfield mineralization and testing the entire 1.6-mile (2.6-kilometre) trend, in the coming field season. "We are pleased with these results as the resource is slightly larger then the historic resource, and it confirms the uranium potential in this region," stated Praveen Varshney, president. The Busfield area is one of three areas containing uranium mineralization that the company is exploring within the Elkhorn project. Three north-south-trending zones of documented mineralization, each approximately two to three miles (3.2 to 4.8 kilometres) long, are present within a northeast-trending zone that extends more than 12 miles northeast-southwest. The Elkhorn project contains 7,100 acres of mineral rights, and is one of nine uranium projects that the company is exploring in Wyoming and South Dakota. Three uranium mines are in production in this region, which employ in situ leach recovery processes to recover uranium mineralization. Operating mines are exploiting uranium mineralization that occurs in concentrations that range from approximately 0.1 to 0.3 per cent U308. Wyoming has been the leading producer of uranium in the United States since 1995 and Wyoming also contains the largest uranium reserves in the U.S. Quality assurance/quality control All drill holes have been logged, using a downhole radiometric probe that produces a measurement of the equivalent uranium content, which is then converted to equivalent U308 (eU308). Equivalent uranium content is an estimate of the uranium based on the measurement of gamma radiation, which results from all radioactive minerals. It is necessary to collect and analyze samples of the uranium mineralization with standard chemical methods in order to determine the actual uranium content of the mineralization. True uranium content can be higher or lower than equivalent uranium content, but generally varies in the range of 10 per cent. The company has collected 32 samples of mineralized material from drill cores and completed geochemical analysis for uranium. Split core samples were analyzed by ALS Chemex for uranium content and determination of the variation between eU308 and actual U308. Results are inconclusive at this time and additional geochemical analyses are required to determine the disequilibrium factor. QA/QC procedures include submission of geochemical blanks and uranium standards. All work on the program was managed and directed by the company's wholly owned U.S. subsidiary, NCA Nuclear Inc., based in Golden, Colo. Northern Canadian's drill holes at Busfield are located on a systematic grid with holes located approximately 50 feet (15 metres) apart on east-west lines, with lines spaced approximately 100 feet (30 metres) apart, north-south. The resource calculation was generated using Vulcan software using an inverse distance weighting to the second power estimation technique. The model required a minimum of three and a maximum of nine composites from at least two drill holes, to assign grade to each 15-foot-by-15-foot-by-15-foot (4.6-metre-by-4.6-metre-by-4.6-metre) block. Rock density was assigned by lithology. Indicated resource is defined by closest composites within 75 feet (23 metres) of assigned blocks. Inferred resources are those blocks greater than 75 feet (23 metres) from the closest composite. SRK has completed independent resource estimation according to CIM resource categories in compliance with National Instrument 43-101 guidelines and is currently completing an NI 43-101 technical report for the Elkhorn project. The report will detail all data verification and the procedures followed in arriving at the resource estimate. Bart Stryhas and Allan Moron of SRK Consulting (U.S.) are qualified persons as defined by NI 43-101, and are the qualified persons responsible for the resource estimations contained in this news release. We seek Safe Harbor.