QualityStock's Smallcap Stock Clients - CanAm Uranium, Inc. (CAUI.OB)

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CanAm Uranium is one of our highlighted companies this month. The company engages in the exploration of natural resource properties. The company holds an option to acquire up to 80% interest in 8 Bancroft Uranium Projects comprising 37 mineral claims covering an area of approximately 9,765 acres, located in the Bancroft area of southeastern Ontario in Canada. It also has options to acquire a 100% interest in BALD and OYAMA claims covering 1,037 hectares located in the Province of British Columbia, Canada; and Wheeler-Beckett claims consisting of 11 contiguous claims, which cover approximately 51,100 hectares of real property, located on the eastern edge of the Athabasca Basin, Province of Saskatchewan, Canada.

 

In our client’s news today,

 

CanAm is pleased to announce the results taken by Dr. Peter Born, P.Geo. The Preliminary Property Evaluation of the Wheeler-Beckett Claims confirmed that there is more then one reason for further exploration the Wheeler-Beckett Claims.

 

CanAm Uranium Corp.’s Wheeler-Beckett Claims are located on the edge of the Athabasca basin in Northern Saskatchewan. The Athabasca Basin is one of the fastest growing areas for Uranium exploration in the world.

 

The results are consistent with the Company’s plans to perform a heliborne EM, Mag and radiometric survey, and the subsequent ground survey follow-up to locate potential diamond drill targets.

 

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