CHX & CXXCash Minerals - CHX.V
Cash Minerals is a Canadian-based company focused on uraniumexploration in the Wernecke District of the Yukon Territory, Canada.This district includes numerous highly prospective uranium targets,which are currently being explored by the Company. Large-scaleexploration was conducted in 2005 and 2006, which included extensivedrilling at the Lumina and Igor properties. Initial positive resultshave encouraged the Company to continue drilling in 2007, with aprimary objective of defining a uranium resource.
Cash Minerals’ internal team of highly specialized geologists, itsstrong operational group and the company’s financial status, haveallowed the company to execute year-over-year expanded drillexploration programs, which has culminated in the company aiming todefine a resource at the Igor and Lumina properties. In addition to theLumina and Igor properties, Cash Minerals has a mix of properties atvarious stages in the exploration process. This well-balanced portfoliois comprised of properties at the grassroots, mature exploration andresource-definition stages.
Crosshair Minerals - CXX.V
Crosshair is a dominant player in the exploration and development ofgold, uranium and vanadium in the US and Canada. Crosshair continues toadvance its gold projects Newfoundland and has a $3 million drillingand bulk sampling program planned.
The Bootheel Project is located in uranium mining friendly Wyoming andwith its in-mining potential and initial NI 43-101 uranium resourceestimate of 1.09 M lbs indicated and an additional 3.25 M lbs inferred,the project has exceeded the minimum mining threshold and is designedfor near term production.
The CMB Uranium/Vanadium Project is located in Labrador, Canada andCrosshair has demonstrated the multi-deposit potential of the projectby successfully developing four resources -- C Zone, Area 1, Armstrongand Two Time Zone. All four resources are open for expansion. Vanadium,already irreplaceable in several industries including aerospace,aviation and construction due to its unrivalled ability to strengthensteel, has also become very important in the advancement of batterytechnology and its use for connecting large-scale power grids.