CanAm Uranium Corp. (OTCBB: CAUI.OB) holds a 100% interest in the Wheeler-Beckett Project, subject to making payments. The Project consists of 11 contiguous claims totaling 126,000 acres located on the eastern edge of the Athabasca Basin in Saskatchewan.
CanAm has targeted the Wheeler-Beckett Project in Saskatchewan for exploration in its 2007 budget. The Company has allocated $1 million dollars Canadian for the effort this year. The work will include a radiometric geophysical survey, ground proofing and mapping, and follow-up trenching and sampling.
Recent magnetic geophysics have been very encouraging and have indicated a strong correlation to and continuity with neighboring successful properties.
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