Message #36 From:
NewsBot Date: April 13, 2008 03:25:12 PM
CanAm Uranium Announces Airborne Survey Results and Interpretation
CanAm Uranium Announces Airborne Survey Results and Interpretation
Bellingham, WA - (WORLD
STOCK WIRE) - April 8, 2008 -- CanAm Uranium Corp. (OTCBB:CAUI) is
pleased to announce the public availability of the airborne EM survey
images of the Wheeler-Beckett and Don McCarthy Properties with comments
on the Survey by third party geologist Peter Wallcott and Associates.
CanAm
completed its airborne EM survey on the Wheeler Beckett and Don
McCarthy claims in the eastern Athabasca Basin and a third party
interpretation. Both claims have shown potential to host
unconformity-style uranium mineralization associated with conductive
zones, similar to that discovered by IUC/JNR Resources at Moore Lake,
which lies just to the southwest. A total of approximately 4600 flight
line kilometers were completed. CanAm received the survey dataset in
late November 2007 and has received the interpretation for public
release.
"The data opens up the opportunity for CanAm to enter
into joint venture discussions immediately. The company expects to
receive the recognition for its merritorious projects in the Athabasca
Basin by potential joint venture partners wanting to get a foothold in
the Basin through CanAm. With recent positive results from companies
exploring the Basin, we feel confident in the value we bring to the
table," says Ryan Gibson, Chairman of CanAm Uranium Corp.
http://canamuranium.com/sites/bce/files/property/SOUTHERNcopy.jpg ** Anomoly connected to JNR Resources Way Lake
Comments on Survey By third party Geologist PETER WALLCOTT & ASSOC
Don McCarthy
The
apparent conductivity calculated for the dB/dt Z coil channel 2 and the
B Field X coil channel 3 showed the northern and northwestern parts of
the survey area to exhibit higher conductivity for the most
attributable to conductive cover as can be seen from the conductivity
depth image plots ("CDI's"). A smaller area of higher conductivity with
increasing conductivity at depth -- see CDI's -- can be seen near the
south eastern corner of the block coincident with a small elongated
magnetic high.
Wheeler Beckett
Numerous northerly and
northeasterly conductive trends can be seen on the respective plots of
the dB/dt Z coil channel 2 and B field X coil channel 3 -- mapping for
the most surface features. These are mostly coincident with water
bodies and are thought to be attributable to conductive lake bottom
sediments. The strong north northeasterly striking high seen near the
eastern extremity is coincident with a chain of lakes and streams and
also with a series of magnetic lows offsetting similar highs, and is
thought to represent a major fault structure.
Another
prominent northerly trending magnetic low can be seen trending parallel
to the lower corner of the plotted data trending through a series of
lakes and drainages. This is coincident with higher conductivities in
the water covered areas as seen on the respective conductivity maps as
well as with the strong amplitude response on the B Field X channel 5.
However lower conductivities are observed associated with the remaining
part of the structure as seen on the plot of the B field conductivity.
The CDI's for this survey were not supplied for review but should be
studied over the above noted structures as well as over the remainder
of the survey area in the search for increasing conductivity with
depth.
In addition the respective profile plots of the
collected data should be perused in an endeavour to pick isolated
conductor axes that could have graphitic material as their causative
sources.
For more information on CanAm Uranium Corp, please go to the website www.canamuranium.com and join the company newsletter.
Forward-Looking Statements
Statements
in this press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Words
such as "anticipate," "believe," "estimate," "expect," "intend",
"could" and similar expressions, as they relate to the company or its
management, identify forward-looking statements. These statements are
based on current expectations, estimates and projections about the
company's business based, in part, on assumptions made by management.
These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and probably will, differ
materially from what is expressed or forecasted in such forward-looking
statements due to numerous factors, including those described above. In
addition, such statements could be affected by risks and uncertainties
related to the volatility of uranium prices, the possibility that
exploration efforts will not yield economically recoverable qualities
of uranium, accidents and other risks associated with uranium
exploration and development operations, the risk that CanAm will
encounter unanticipated geological factors, CanAm Uranium's need to
obtain additional financing, the possibility that CanAm may not be able
to secure permitting and other governmental clearances necessary to
carry out CanAm Uranium's exploration and development plans, and other
risks factors discussed in greater detail in CanAm Uranium's filings
with the U.S. Securities and Exchange Commission. Any forward-looking
statements speak only as of the date on which they are made, and the
company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
release. Information on CanAm Uranium's website does not constitute a
part of this release.
CanAm Uranium Corp. is
a Nevada incorporated junior resource company with a corporate
objective focused on the strategic acquisition and development of
exploration properties in well-known prolific mining areas, especially
known for Uranium, of Canada, Southern Africa, Australia and the United
States. CanAm Uranium Corp. has optioned over 159,000 acres of claims
collectively within the Saskatchewan Athabasca Basin, Ontario and
British Columbia, with significant interest in prolific Uranium mining
areas. http://www.CanAmUranium.com.
David Hayes, CFO and CEO Canam Uranium Corp 4th Floor, Crown Plaza Building 114 W. Magnolia Street #424 Bellingham, WA 98225 USA
