IRVINE, Calif., May 2, 2007 (PRIME NEWSWIRE) -- "As uranium continues its white hot rise, companies and investors alike are pursuing yellow cake opportunities," stated SmallCap Sentinel analyst D.R. Clark. "And both constituencies eagerly await the results of drilling results for new properties."
"Yesterday, CanAm Uranium Corp. (OTCBB:CAUI) made such an announcement, offering shareholders and onlookers a glimpse into their operational path via the announcement that the first round of drilling on their Halo property confirms historical results by intercepting average grade of 0.09% (1.6 lbs) U3O8 over 8.9 meters (34 feet) and including 0.31% U3O8 ( 6.2 lb ton over 1.52 meters)."
"Additionally, CanAm reports that the drill program continues on the second of seven other known historical targets," Clark added. "Bancroft is home to four past producing mines between 1956 and 1982.
A comprehensive report focusing on CanAm Uranium Corp. and recent activity in the uranium industry has been published by financial courier StockUpTicks.com and is available free of charge to the general public.
The report will feature detailed information regarding CAUI and address related information and mining companies including Teck Cominco (NYSE:TCK), Rio Tinto (NYSE:RTP), Cameco CP (NYSE:CCJ) and others.
To view the report in its entirety, please visit: http://stockupticks.com/profiles/3-26-07.html
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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