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Aillik uranium Labrador Article Uranium mine

[BronxPark]

Cash Minerals Ltd. has signed a Intent has been signed with Cornerstone Capital Resources Inc. (TSX-V: CGP) ("Cornerstone") to explore the Aillik Property, which is located adjacent to uranium properties held by Aurora Energy Resources ("Aurora") in the Central Mineral Belt, Labrador. Under the terms of the Letter of Intent, Cash Minerals and Cornerstone will enter into a Joint Venture agreement in which Cash Minerals has the ability to earn a majority interest in the Aillik Property. https://www.uraniumminer.net/ Feature Article: April 9, 2007 CGP's 4 Strategic Uranium Projects Provide Outstanding Investment Opportunity Editors Notes: Cornerstone Capital Resources Inc. (CGP.V) with its staking this week of large tracks of carboniferous unconformity for uranium in Eastern Canada, brings to total now 4 significant and highly prospective uranium projects: 1) Aillik uranium property in the Central Mineral Belt, Labrador -The Aillik project is 162 claims (40.5 km2) adjoining Aurora Energy Resources' holdings in the Central Mineral Belt and is less than 27 km west of Aurora's Michelin property. Aillik has the same geological makeup as the nearby 85M lb U3O8 Michelin deposit and evidence points to the Aillik property containing the extension of a corridor containing Aurora's Otter Lake uranium property, part of the Michelin claim grouping. 2) Deer Lake uranium property in Newfoundland - 798 map-staked claims of the Carboniferous-aged Deer Lake Basin. Historic elevated U in lake sediment samples with results of up to 17.9 ppm U, grab sample from a 10 cm thick limestone bed has value of 35.5 ppm U. Airborne gamma-ray spectrometry survey over the property by past operator defined several anomalies never yet explored. Lake sediment samples taken this winter being analyzed now and modern airborne radiometric survey is planned for 2007. 3) Codroy uranium Property in Newfoundland - 1120 map-staked claims of the Carboniferous-aged Bay St. George Sedimentary Basin. Historic grab samples with values up to 2.2% uranium. Past operator had weekly elevated numbers of U. Historic radiometric survey shows interesting anomaly that sits over claim group. Airborne radiometric survey planned for 2007 along with groundwork. 4) Carboniferous unconformity uranium claims in New Brunswick - New claim group staked by CGP this April 2007 - details pending. Same rock type as Codroy and Deer Lake uranium prospects. The large quality portfolio of assets and joint venture arrangements CGP possesses appears to be disproportionately undervalued relative to it's market cap; with only 50K shares outstanding and a share price of less than US$0.65, investor should pay attention to Cornerstone now Aillik uranium property in the Central Mineral Belt (CMB), Labrador: The Aillik property was staked by Cornerstone in November 2006 after the land was opened for staking following implementation of the Nunatsiavut land claims agreement. The Aillik property comprises 162 claims (40.5 km2) adjoining Aurora Energy Resources' holdings in the CMB and is only 27 km west of Aurora's Michelin property, which Aurora reported hosts a Measured and Indicated Resource of 52.5 million pounds U3O8 with an Inferred Resource of 33.1 million pounds. JV partner Cash Minerals is now obligated to perform a considerable amount of exploration on the Aillik property. Cash believes there is appreciable uranium potential and that the Aillik property contains the extension of a corridor containing Aurora's Otter Lake uranium property. The 2007 exploration program at Aillik includes a detailed modern geophysical survey over the area; an older historic survey shows the extension of a corridor of Aurora's Otter Lake uranium property trending north-east from Aurora Energy and appears to strike right through the Aillik property. The thumbnail map to the top left shows the positioning of the subject property adjacent to Aurora's property and how quick and diligent action by CGP's technical team when the property was released from the land freeze has resulted in what is now a highly prized asset. Not shown in the photo are claims neighbouring to the east of Aillik; Aurora Energy and also Ucore Uranium. Aurora's Michelin deposit remains open for expansion in all directions, the resource has increased in size by 140% in the last year, and they are now considering the infrastructure requirements, logistics, and costs of bringing their sizeable deposit into production down the road; this all increases the viability of Aillik's future potential.