CanAm Uranium Corp. CAUI Archives - Page 5 of 5

TuesdayApr 03, 2007 11:43 am

Loans Paid Off and Drilling Underway for CanAm Uranium (CAUI.OB)

CanAm Uranium Corp. (CAUI.OB) reports that loans from this quarter, reported in the 10Q-SB have been paid in full and on time. In addition, the US$600,000 financing announced March 05, 2007 has closed on time. The second round of $1,000,000 is expected to close on or before May 25, 2007. The best news is that Drilling has begun. CanAm Uranium has met the Joint Venture payment requirements to date with partner El Nino Ventures Inc., and the drill program on the Halo Project in Bancroft has started. It is important to note that the Halo Project has over 1,000,000 lbs of U3O8 (Uranium) in…

ThursdayMar 29, 2007 12:12 pm

CanAm Uranium’s (CAUI.OB) Halo Prospect at Bancroft has had a Rich Mineral History

CanAm Uranium Corp. (CAU.OB) is working a property, known as the Halo Prospect, in the Bancroft area of Ontario, Canada that has a rich mineral history. The Halo Property, located in Cardiff Township, is comprised of 12 claim units totaling 4,793 acres, which were staked over 6 uranium deposits. In 1955, 16 trenches and 27 diamond drill holes (5,064 feet total) were completed on the Pyroxenite Zone, and identified uranium mineralization occurring over a length of 800 feet. Drilling in this zone has cut sections grading 0.15 to 0.20% (3 – 4 lbs/ton) U308. In the South Zone, stripping and 23…

TuesdayMar 27, 2007 4:58 pm

CanAm Uranium Corp. (CAUI) Launching First Phase of 2007 Work Program at the Bancroft Project

CanAm Uranium Corp. (CAUI) is kicking off its drilling project at Bancroft. This work program consists of 1650 meters of drilling on a property that was once home to four previously successful producing mines. CanAm is working closely with its JV partner on this project, El Nino Ventures Inc. El Nino who, as the operator for the field work, has successfully booked the necessary people and equipment to begin the drill program on the Halo Claims in Bancroft. This work program is the result of an agreement signed with CanAm Uranium, formerly Boulder Creek Exploration Inc. in November 2006. Under the terms…

FridayMar 23, 2007 9:58 am

Renowned for its Uranium Production, the Bancroft Ontario Properties Hold Promise for CanAm Uranium Corp. (CAUI)

CanAm Uranium Corp. (CAUI) recently signed an option agreement for interests in eight previously explored Uranium properties near Bancroft, Ontario. Four uranium mines were once operational there that produced a total of 14,862,653 lbs. U308 between 1956 and 1982. The CanAm properties comprise 37 mineral claims covering approximately 9,765 acres. Let us hear your thoughts below:

TuesdayMar 20, 2007 8:50 am

CanAm Uranium Corp. (CAUI) Spent Over $450k for Mineral Property Acquisitions During the Recently Ended Quarter

In filing its Quarterly Report, CanAm Uranium Corp. (CAUI) reported that it has spent over $450,000 on mineral property acquisitions during the quarter, including the Bancroft claims in Ontario, Canada and the Wheeler-Beckett property in Saskatchewan, Canada. The Company will be commencing drilling and exploration activity on its various claims over the upcoming months. ``We are required, for accounting purposes, to treat the payments as expenses as they are options to acquire between 60% and 100% of the various properties. Once we exercise the options these will become assets of the company,'' said David Hayes, CFO. Let us hear your thoughts below:

MondayMar 19, 2007 6:27 am

CanAm Uranium Corp. (CAUI) is Working the Most Important Uranium Producing District in the World

Can Am Uranium Corp. (CAUI) is right on target with its eleven prospective Uranium properties on the eastern perimeter of the Athabasca Basin in northern Saskatchewan. This area historically has accounted for approximately 30% of the global primary production. The CAUI properties are very near the McArthur River Mine which is the largest high grade uranium mine in the World. Let us hear your thoughts below:

FridayMar 16, 2007 10:42 am

Establishment of a Geological Advisory Board to Support Company Activities is a Good Move for CanAm Uranium Corp. (CAUI)

The Company, CanAm Uranium Corp. (CAUI) recently announced the formation of a technical advisory group, known as the Geological Advisory Board. CanAm Uranium Corp under the direction of Dr. Michael Hitch, has formed the group to focus on the current projects and potential acquisitions of the Company. In additon, CAUI has named Dave Billard, of Northwind Resources Inc. to the Advisory Board. CanAm Uranium Corp. has optioned over 136,000 acres of claims collectively, within the Saskatchewan Athabasca Basin, Ontario and British Columbia, with significant interest in prolific Uranium mining areas. Let us hear your thoughts below:

FridayMar 16, 2007 7:14 am

CanAm Uranium Corp. (CAUI) Adds New Board Member with Wealth of Experience

CanAm Uranium Corp. (CAUI) recently announced the appointment of a key board member, adding technical knowledge depth to its team. Dr. Michael Hitch PGeo, aged 44, brings over 20 years of experience to the company. Dr. Hitch most recently acted as the COO and Managing Director of Golden China Management (GCM) -- consulting to TSX-V listed Golden China Resources Corp. Previous to joining GCM, he held positions as mining analyst for Clarus Securities Inc. and Octagon Capital Corporation, and served as Vice President of Corporate Development for Ivanhoe Mines Ltd. He also held positions with Anglogold Ashanti, Echo Bay Mines Ltd., and…

ThursdayMar 15, 2007 5:52 pm

CanAm Uranium Corp. (CAUI) Launching its 2007 Exploration Program in Saskatchewan

Mining is a key sector, and CanAm Uranium Corp. (CAUI) is an emerging junior resource company. Its corporate objective is based on the strategic acquisition and development of proven uranium properties across Canada and the USA. The Company is now launching its 2007 Exploration Program on the Wheeler-Beckett claims which consist of 11 contiguous properties on approximately 126,000 acres in Saskatchewan. This property is very near the McArthur River Mine, which is the world's largest high grade uranium mine. Let us hear your thoughts below:

MondayJan 01, 2007 6:13 am

Axial Vector Engine (OTCBB: AXVC) Receives New Financing

Axial Vector Engine Corp recently announced that it was closing its private placement after receiving $2.7M from its investors at $2.00 per share. Dr. Raymond Brouzes, President and CEO of Axial Vector stated, "We are extremely pleased by the support of our shareholders who provided this very favorable financing to the company. Our development and patenting program continues full speed ahead. We will be premiering our new low cost Power Generating Technologies at the 'World Power Generation Show ' November 28 -30 in Orlando Florida." This announcement followed on the heels of their recent patent filing for their broad intellectual…

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