Crosshair Exploration and Mining Corp. (TSX VENTURE:CXX; AMEX:CXZ) reports that it has entered into a property option agreement with Belmont Resources Inc. and International Montoro Resources Inc. to acquire a 75% interest in four mineral licenses totalling 139 claims located in the central mineral belt of Labrador.
Crosshair has also staked an additional 105 mineral claims contiguous with the southern property boundary of its Central Mineral Belt uranium property. These claims cover favourable geological and structural settings including key unconformities known to be associated with significant uranium mineralization in the region.
The newly optioned claims comprise two separate blocks (Stormy Lake and Partridge River) covering two highly prospective geological terrains. The Stormy Lake claims are contiguous with the southern boundary of Crosshair’s Central Mineral Belt property, while the Partridge River block is located approximately 95 km west of the Stormy Lake claims. Both the Stormy Lake and Partridge River blocks will be worked from the existing Crosshair base camp at Armstrong Lake.
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