Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), American Superconductor Corp. (Nasdaq: AMSC), ZAGG Inc (OTC BB:ZAGG) , Sterling Mining Company (OTCBB: SRLM), Kentucky USA Energy, Inc. (OTC BB: KYUS)
Featured Stock: Bancroft Uranium Inc
(OTC BB: BCFT)
Current Price (0.95)
http://www.smallcapstockanalyst.com/
Bancroft Uranium Initial Drilling Results, Monmouth Uranium Project
Scottsdale AZ, May 29, 2008 ---- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) today is pleased to announce the first drilling results from the Spring 2008 surface drill program being conducted at the Monmouth Uranium Project, near Bancroft Ontario. Noteworthy assay results from the first 13 holes are outlined below.
The 2008 Exploration Phase 1 drill program commenced on February 25th and was designed to focus on areas in and around the historical drill results from the 1969 program bringing it into modern N.I. Policy 43-101 compliance, a recognized world mining standard. The drilling is also designed to extend the known strike length of the skarn which hosts the uranium mineralization with the aim of expanding the current estimated 1,800,000 lbs U3O8 potential at Monmouth.
Initial drill assays and intervals are from holes drilled from the most southwesterly exposure of the host rock skarn (altered limestone) and are spaced approximately 100 feet apart. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:
08-1 0.803 lb/12.5’ from 55.3 to 67.8 feet in skarn, 0.344 lb/30.5’from 182.1 to 212.6 feet in pegmatite and 0.805 lb/13.8’ from 276.2 to 290.0 feet in skarn including 1.02 lb/9.3’ from 280.7-290.0 feet. Visible uraninite was noted
08-5 0.139 lb/34.8’ from 235.6 to 270.4 feet in pegmatite
08-6 0.466 lb/10.0’ from 16.0 to 26.0 feet in pegmatite
08-7 0.291 lb/7.9’ from 44.0 to 51.9 feet in skarn with visible uraninite
08-8 0.540 lb/60.6’ from 15.0 to 75.6 feet in skarn
08-9 0.596 lb/51.9’ from 31.0 to 82.9 feet including 0.315 lb/14.9’ from 31.0 to 45.9 feet and 0.923 lb/24.5’ from 51.0 to 82.9 feet with visible uraninite, molybdenum
08-10 0.740 lb/52.2’ from 12.8 to 65.0 feet including: 0.915 lb/32.0’ from 12.8 to 44.8 feet and 0.616 lb/15.0’ from 50.0 to 65.0 feet in skarn with visible uraninite
08-12 0.513 lb/49.9’ from 6.3 to 56.2 feet in skarn with visible uraninite noted
08-13A 0.332 lb/25.1’from 9.3 to 34.4 feet with visible uraninite noted
The above holes represent testing across the initial 300 feet of historical strike length which totals 1,500 feet. Early results have verified the location, thickness and flat lying geometry of the uranium bearing skarn system intersected in the historical drilling. U3O8 assays have been returned from both uraninite bearing bright orange-colored calcite alteration in the skarn and from several pegmatite bodies in and adjacent to the skarn package. Initial assay results from the skarn rocks appear to validate the historical data. As drill holes progress through the central portion of the deposit, the historical intersected thicknesses of the uranium bearing skarn appears to increase as do grades based on limited assay data. Initial assays returned from the pegmatitic rocks are better than expected based on the historical work.
The geological modeling of the deposit is now coming into focus with the alteration zone rock package dipping at a fairly consistent 25-30 degrees, amenable to a potential open pit scenario.
All of Bancroft Uranium’s exploration programs are designed and supervised by Qualified Persons (“QP”) under the N.I. Policy 43-101, who ensure that programs are carried out using current industry “Best Practices”. The spring 2008 drilling program was supervised by Murray McGill P.Geo (QP). The NQ size core was logged by Mr. McGill and split on-site. Half core samples were analyzed using standard Delayed Neutron Counting (DNC) methods by Activation Laboratories in Ancaster, Ontario. Activation Laboratories employs rigorous in-house QA/QC procedures in the DNC process.
Bancroft will release a second series of drill results shortly.
For inquiries from the public and media concerning the Monmouth Uranium Project please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information please contact investor relations at 1-866-860-2995
ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)
Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft’s initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
- - - - - - - - - - - - - - - - - -
P. L. Hammond, C.A.
President and Chief Executive Officer
To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.
Public and Media Information: 1-877-544-7336
Shareholder and Investor Information: 1-866-860-2995
Source: Bancroft Uranium Inc.
For an in-depth analyst report, please visit: http://www.smallcapstockanalyst.com/
American Superconductor Corp.
(Nasdaq: AMSC)
Current Price (31.54)
www.SmallCapStockAnalyst.com
DEVENS, Mass.--May 27--American Superconductor Corporation (NASDAQ: AMSC - News), a leading energy technologies company, today announced that the company will be participating at the following three investor conferences: American Superconductor Corporation engages in the development, manufacture, and sale of products using two core technologies, high temperature superconductor (HTS) wires and power electronic converters for electric power application. The company also assembles superconductor wires and power electronic converters into integrated products, such as HTS ship propulsion motors and dynamic reactive compensation systems. The company operates in three segments: AMSC Wires, SuperMachines, and Power Electronic Systems. The AMSC Wires segment develops, manufactures, and sells HTS wire for power transmission cables, motors, generators, synchronous condensers, and specialty electromagnets. It sells wire to original equipment manufacturers that incorporate HTS wire into value-added products. The SuperMachines segment develops and commercializes electric motors, generators, and synchronous condensers based on HTS wire for ship propulsion and industrial uses. The Power Electronic Systems segment develops and sells power electronic converters, as well as integrated systems, used for power quality and reliability solutions and for wind farm applications. The company offers its products primarily in North America, Japan, Europe, Korea, and Singapore. American Superconductor Corporation has a strategic business alliance agreement with Siemens AG to develop 2G HTS wire for fault current limiters; and a strategic business alliance with the Shanghai Electric Cable Research Institute to develop and promote the use of high temperature superconductor power cables in the People?s Republic of China. The company was founded in 1987 and is headquartered in Westborough, Massachusetts.
ZAGG Inc
(OTC BB:ZAGG)
Current Price (0.71)
www.SmallCapStockAnalyst.com
SALT LAKE CITY--May 27--ZAGG Inc. (OTCBB: ZAGG - News), the industry leader in providing protective film coverings for personal electronics, announces the availability of its flagship product, the invisibleSHIELD™, on Walmart.com. The invisibleSHIELD by ZAGG offers consumers a scratch-free world with thousands of precision-cut designs for a multitude of gadgets, including cell phones, digital cameras and laptops. Some of its most popular designs, including custom-made shields for Apple’s iPhone and the latest generation of iPods, will be the first offered to Wal-Mart customers. ZAGG Inc designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD™, worldwide. The invisibleSHIELD is a protective, high-tech film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD is the first scratch protection solution of its kind on the market. Currently, ZAGG offers over 2,000 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company plans to increase its product lines to offer electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries. For more information, please visit the company’s web sites at www.ZAGG.com and www.invisibleSHIELD.com.
Sterling Mining Company
(OTCBB: SRLM)
Current Price (2.00)
www.SmallCapStockAnalyst.com
WALLACE, IDAHO----May 27, 2008 -- Sterling Mining (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) announces that Raymond De Motte is no longer President of the Corporation. Ken Berscht has accepted the position of Interim President, effective immediately, pending a search for a replacement fulltime President expected within the next 60 days. In addition, Kevin Shiell will continue his role as Executive Vice President. Sterling Mining Company engages in the acquisition, exploration, and development of mineral properties, primarily silver and associated base and precious metals in the United States and Mexico. It owns interests in the Barones silver tailings project in Mexico; the Sunshine Mine in Idaho; San Acacio mine in Mexico; and interests in mineral claims in the Silver Valley area in Idaho. The company was founded in 1903 and is headquartered in Wallace, Idaho.
Kentucky USA Energy, Inc.
(OTC BB: KYUS)
Current Price (3.42)
www.SmallCapStockAnalyst.com
LONDON, Ky.--May 27--Kentucky USA Energy, Inc. (OTCBB: KYUS), a natural gas exploration and production company, announced today that the Company has entered into drilling commitments with two drilling companies for its five proposed initial development wells in the New Albany Shale on its 2200 acre leasehold located in the western Kentucky region. These operators are presently drilling wells in the nearby area and are prepared to start drilling at the Company’s first locations as soon as the Company executes final agreements with the operators and the necessary permits are approved and the funds for drilling the wells become available. Two rigs have been committed to the Company to drill the initial five wells and to continue to work with the Company through its development drilling of the entire 2200 acre leasehold. Headquartered in London, KY, Kentucky USA Energy, Inc. engages in the acquisition, exploration, and development of oil and natural gas resource properties, with a primary focus on shale gas in the Illinois Basin in Western Kentucky. The company is a growing independent energy company with the experience and technological expertise to develop the plentiful gas resources of the Illinois Basin’s New Albany Shale.
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