Business
Crosshair Commences Drilling at its Bootheel Uranium Project in Wyoming and Opens Denver Office
Crosshair Commences Drilling at its Bootheel Uranium Project in Wyoming and Opens Denver Office...
About this update from Global Crossing Airlines Group, Inc.
[{"type":"text","content":"\nCrosshair Commences Drilling at its Bootheel Uranium Project in Wyoming \nand Opens Denver Office\n\nCrosshair Commences Drilling at its Bootheel Uranium Project in Wyoming \nand Opens Denver Office\nVancouver, British Columbia CANADA, September 06, 2011 /FSC/ - Crosshair Exploration Mining Corp. (CXX - TSX, CXZ - NYSE Amex),  is pleased to announce that drilling has commenced at the Bootheel Property located within the Shirley Basin in southern Wyoming.  The 2011 program will consist of 30,000 feet (9,144 metres) of drilling as well as metallurgical and hydrological test work in conjunction with continued permitting.  The goal of the program is to upgrade the existing inferred resource to the indicated category as well as capture more of the historic resource.  An updated National Instrument (NI) 43-101 Mineral Resource estimate is expected in Q4 2011, to be followed by a scoping study in early 2012. \nCrosshair is also pleased to announce that it has opened its USA office in Denver, Colorado.  Mark Ludwig, Crosshair's COO and Bevo Beaven, Crosshair's Vice President Corporate Communications are both based in the new Denver office, which is in the downtown business district at Suite 400, 1400 16th Street, Denver, CO 80202. \n\"The Denver office will provide an excellent, centrally located platform to support our growth as we continue to advance both our Bootheel and Juniper Ridge projects in Wyoming and look at new opportunities in the western US,\" says Stewart Wallis, President and CEO of Crosshair. \nThe initial independent NI 43-101 Mineral Resource estimate on the Bootheel Property includes an indicated resource of 1.09 million pounds of uranium oxide (1.44 million tons at 0.038% eU3O8) and an additional inferred resource of 3.25 million pounds of uranium oxide (4.40 million tons at 0.037% eU3O8). The resource remains open for expansion with less than 60% of the historical resource area included in this initial estimate. Further details about this resource estimate can be found in the NI 43-101 Technical Report titled \"Technical Report on the Bootheel Uranium Property, Shirley Basin Mining District, Albany County, Wyoming, U.S.A.\" dated September 8, 2009 and available on SEDAR at www.sedar.com. \nUranium mineralization is hosted by several individual sandstone beds at th...