Small Cap Sentinel has been following the explosive uptrend in Uranium prices of late and has been watching with interest the drilling activities by CanAm Uraniun Corp. (CAUI.OB) in Canada.
With a worldwide shortage of the ore, CanAm has embarked on an aggressive 2008 drilling program. The initial drilling results at the Halo prospect on the Bancroft property in Canada, was very good Company news yesterday. In effect, it serves to validate the historical ore grades on the property, which was home to several successful mines in the past.
CanAm Uranium Corp. is a Nevada incorporated junior resource company focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for uranium. CanAm properties of interest are in: Canada, Southern Africa, Australia and the United States. CanAm has optioned over 136,825 acres of claims collectively within the Saskatchewan Athabasca Basin, Ontario and British Columbia, which are significant uranium mining areas.
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