Beacon Resources Inc CPLJF

RE: 27% Uranium

[megacopper]

That is some very high grade uranium that has been found in the area of the Nipigon basin. Things are heating up for TAL. Looks like Tri-Gold is going to be right in the middle of this uranium play. Things should get exciting this year if our boys can hit some high grade uranium. If Tri-Gold exercises the second option, the parties will form a joint venture for the further development of the property, with Tri-Gold having a 60-per-cent interest and Benton having a 40-per-cent interest. The Nipigon basin is considered to have a very similar geological setting to that of Saskatchewan's Athabasca basin, which hosts most of the world's highest-grade uranium deposits. Excellent geological potential combined with significant historical uranium occurrences have led geologists to view the Nipigon basin as highly prospective for new uranium deposits. Recent continuing exploration by adjacent companies had lead to the discovery of very-high-grade uranium (up to 12 per cent U308). Tri-Gold and Benton's highly prospective combined ground covers radiometric anomalies associated with Sibley group Proterozoic-aged sediments that coincide with underlying structures in the Archean-aged basement granites, a setting similar to the uranium-rich Athabascan basin. Historical exploration in the area has uncovered numerous showings of uranium, copper and iron oxide (hematite), suggesting the potential exists for Olympic Dam-type deposits. Several of the individual claim blocks specifically cover smaller one-to three-kilometre-sized anomalies within a 10- to 15-kilometre larger anomaly. These may represent third and second order basins respectively associated with the Lake Superior mid-continental rift system. In the last six months, more than 7,500 claim units have been staked for uranium in the Nipigon basin.