Message #28 From:
QualityStocks Date: June 8, 2007 02:44:00 PM
CanAm Uranium Corp. Completes Drilling Nine Holes on the Amalgamated Rare Earth No. 2 Project
CanAm is pleased to announce the completion of nine drill holes on the project in Bancroft, Ontario by Operator El Nino Ventures Inc. The Operator will be expediting the results by rushing the status on core samples. The summery of the findings will be published when they arrive in the next two weeks.
The company is currently working on compiling data on the optioned Bancroft Ontario projects. Bancroft was well known for its uranium, producing over 4,862,000 lbs between 1956 and 1982. CanAm and El Nino are actively working to relive the historical results.
The CEO of CanAm Uranium, Ryan Gibson, stated, “We are excited with the progress and the average grades of the drill program which confirm historical results on the Bancroft Project optioned by CanAm Uranium. It’s also important to look at the similarity in grade in comparison to past producing mines. We look forward to receiving the assays from the 9 holes drilled in May.”
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