CanAm Uranium Corp. (CAUI.OB), reported late today that on May 28th, 2007, the Company agreed to proceed with the acquisition of a 100% interest in the Don McCarthy Claim, (the “Claim”), located in the Athabasca Basin from Geomode Mineral Exploration Ltd. (“Geomode”), expanding CanAm Uranium Corp’s property holdings to 146,925 acres of claims collectively.
The Claim is considered to be a high priority target due to its proximity to large, high-grade uranium mines and its potential to host similar mineralization.
The Claim is located on the eastern edge of the Athabasca Basin, approximately 15.8 miles (25.5km) southeast of Cigar Lake and 25.5 miles (41km) east of the McArthur River Mine (Cameco/Cogema), which is the largest, high-grade uranium mine in the world.
Let us hear your thoughts below: