Endeavor Explorations Inc. owns the mineral rights to eight mineral claims covering 3,716 acres in the Uranium City area of northern Saskatchewan. Seven former producing Uranium Mines are located on the claims, which were closed abruptly in the early 1960’s due primarily to depressed Uranium prices. Now, leveraging Uranium City’s existing infrastructure (airport, roads and qualified personnel) and a strong established exploration database, the company can begin work on verifying historical exploration and production data on its land holdings.
Endeavor Explorations’ strategic parcel of land borders the boundaries of Uranium City. According to the Geology and Mineral and Petroleum Resources of Saskatchewan, 700 tons of Uranium were produced by the mines located on this claim. When the mines were closed due to low prices and the fact that the main market (Uranium for nuclear weapons) had collapsed, Uranium ore was left in the shafts. This favorable situation is being taken advantage of for the benefit of the shareholders of Endeavor Explorations.
The company anticipates testing the high grade results obtained by previous operators and test other drill locations. The highest assay obtained was 10.7% U3O8 (9.08% U) from a 1-foot intersection in hole # 23. Drill hole # 23 is approximately 300 ft away from hole # 1, drilled by Eldorado in 1950, from which a 2-foot section averaging 2% U3O8 (1.7% U) was reported. Endeavor Explorations’ winter program has approximately 600 meters of drilling planned. The company has promised to keep its shareholders updated on activities as it proceeds forward.
Walter Stunder, President, CEO and acting Chairman of the company is responsible for all financial, mining and geological affairs of the company. Through his privately held mineral consulting company, Mr. Stunder has consulted on mineral properties for more than three decades and has consulted for some of the world’s largest mining companies including Placer Dome, Rio Tinto. With property located in an established Uranium mining area, high probability of positive drill results and a seasoned management team, Endeavor Explorations is well positioned to take advantage of the rising demand for Uranium.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment