Investment Highlights:
- New! Historic uranium resource doubles to 11* million lbs. (up from 4.71* million lbs.) in the Shirley Basin, Wyoming
- Venture agreement with Ur-Energy Inc. (TSX: URE) on two uranium properties Bootheel & Buckpoint, Wyoming (earning a 75% interest)
- Shirley Basin Project has near term mining potential as it would be mined using in-situ recovery techniques
- Sinbad Uranium property - 2007 drill program intercepted high grade uranium
- Drill program on two prospective gold/copper projects in BC: Summer 2008
- Strong management team with proven success in uranium exploration
- Only 12 million shares outstanding
Its flagship property in the Shirley Basin, Wyoming, is a venture agreement with Ur-Energy, and hosts a significant historical resource. Because it could be mined using in-situ recovery mining techniques, it has real potential for near term production.
Target is currently conducting data compilation, digitizing, and computerized 3D geological modeling work on this property. Once complete, a drill program to confirm the historical resources and testing for expansion of the uranium zone(s) will begin.
* Historic resource - non 43-101 compliant

