NEWS OUT - APPALACHES RESOURCES - APP
Afternoon Movers: Appalaches Resources Inc. Announces its Strategic Acquisition in the Godbout Uranium Area
3/30/2007
Mar 30, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the TSX Venture market has brought this company to the attention of our research team. Ressources Appalaches (TSX VENTURE:APP), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
Ressources Appalaches (TSX VENTURE:APP) now controls half of the mineral rights covering the recent uranium discoveries in the Godbout region on Quebec's North Shore. By this way, the Ashini property has been enlarged by 40 claims over a length of 25 kilometres, so as to cover 50% of a geological structure associated with uranium showings.
The arc-shaped structure extends over a length of some 50 kilometres and is marked by a strong magnetic signature and a change in lithology. Seven uranium showings are currently known in the vicinity of this structure, including four new prospects discovered this summer by Appalaches with grades ranging from 0.04 to 0.22% uranium.
The discovery of new uranium showings, the recent staking activity, and the announcement of a drill campaign by another company to the south of the property have encouraged Appalaches to strengthen its position in the Godbout region. The other claims are held by various companies and by prospectors.
The company is presently planning a work program that will include a radiometric survey, overburden stripping, and drilling, scheduled to begin as soon as the snow melts.
The contents of this press release were prepared by Alain Hupe, Geologist and NI-43-101 Qualified Person.
At this time shares are up 2% to $0.20 with over 359,000 in volume. The Market Gainer Research Team will continue to gauge the short and long term affects that this announcement will have on the company
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