Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), ERF Wireless (OTC BB:ERFW) , Skinny Nutritional Corp. (OTC BB:SKNY) , Wave Uranium (OTC BB: WAVU), i2Telecom International, Inc. (OTC BB:ITUI)
Featured Stock: Bancroft Uranium Inc
(OTC BB: BCFT)
Current Price (0.86)
http://www.smallcapstockanalyst.com/
Bancroft Announces Further Drilling Results at Monmouth Uranium Project
Scottsdale AZ, June 4, 2008 ---- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) is pleased to announce further drilling results from the Spring 2008 surface drill program conducted at the Monmouth Uranium Project, near Bancroft Ontario. The Company today is releasing assay results from drill holes 08-16 through 08-28 as 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.
This second series of drilling assays and intervals are from holes drilled over an additional 200 feet of strike length exposure of the host rock skarn (altered limestone) as follow up to results released on May 29th from the initial 300 feet. In total, the combined results cover drilling conducted over 500 feet of strike on the deposit. The historical drilling in 1969 covered a zone approximately 1,500 feet in length.
Assays of 0.747lb/51.4’ and 1.134lb/23.9’ in holes 08-24 and 08-25 represent the best results from this series of holes. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:
08-16 - 0.309 lb/ 29.6’ from 49.6 to 79.2 feet,
08-17- 0.337lb/10.9’ from 35.2 to 46.1 feet and 0.469lb/2.4’ from 92.1 to 94.5 feet
08-18- 0.316lb/5.2’ from 15.1 to 20.3 feet; 0.125lb/4.6’ from 37.1 to 41.7 feet and 0.467lb/8.0’ from 55.0 to 63.0 feet
08-19- 0.397lb/49.2’ from 5.2 to 54.4 feet including 0.365lb/9.0’ from 5.2 to 14.2 feet and 0.646lb/10.4’ from 18.9 to 29.3 feet and 0.565lb/14.5’ from 34.0 to 48.5 feet. Also 0.595lb/17.3’ from 71.0 to 88.3 feet
08-22 - 0.717lb/18.5’ from 73.0 to 91.5 feet
08-23 - 0.401lb/9.8’ from 39.4 to 49.2 feet; 0.374lb/7.7’ from 55.4 to 63.1 feet; 0.794lb/33.3’ from 81.6 to 114.9 feet and 0.486lb/3.9’ from 125.7 to 129.6 feet
08-24 - 0.495lb/19.8’ from 56.0 to 75.8 feet and 0.747lb/51.4’ from 104.9 to 156.3 feet
08-25 - 1.134lb/23.9’ from 103.7 to 127.6 feet
08-25A - 0.420lb/55.1’ from 69.0 to 124.1 feet including 0.363lb/26.7’ from 73.9 to 100.6 feet and 0.656lb/19.2’ from 104.9 to 124.1 feet
08-26 - 0.389lb/31.9’ from 46.8 to 78.7 feet; 0.526lb/5.0’ from 119.0 to 124.0 feet and 0.507lb/17.1’ from 143.4 to 160.5 feet and 0.369lb/21.1’ from 188.7 to 209.8 feet
08-26A - 0.633lb/36.7’ from 135.9 to 172.6 feet including 0.788lb/18.1’ from 135.9 to 154.0 feet and 0.683lb/13.0’ from 159.6 to 172.6 feet.
08-27 - 5.377lb/2.1’ from 38.2 to 40.3 feet and 0.611lb/10.2’ from 66.2 to 76.4 feet
08-28 - 0.643lb/5.1’ from 52.5 to 57.6 feet; 0.352lb/14.2’ from 124.0 to 138.2 feet including 0.304lb/5.0’ from 124.0 to 129.0 feet and 0.521lb/6.5’ from131.7 to 138.2 feet; 0.525lb/26.3’ from 168.0 to 194.3 feet including 1.618lb/3.3’ from 172.8 to 176.1 feet and 0.578lb/13.7’ from 180.6 to 194.3 feet.
To date, Company engineers 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. 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 third 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 http://www.bancrofturanium.com/.
Public and Media Information: 1-877-544-7336
Shareholder and Investor Information: 1-866-860-2995
Source: Bancroft Uranium Inc.
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ERF Wireless
(OTC BB:ERFW)
Current Price (0.47)
www.SmallCapStockAnalyst.com
LEAGUE CITY, Texas--June 3--ERF Wireless (OTCBB:ERFW - News), a leading provider of enterprise-class wireless and broadband products and services, announced today that its ERF Enterprise Network Services Division is wrapping up the banking related trade show portion of its Marketing Plan for the first half of this year as a part of its initiative to continue expanding its growing bank customer footprint beyond the three states where it already has a strong bank network presence. ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Enterprise Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national, and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than twenty years. For more information, please visit our website at www.erfwireless.com or call 281-538-2101.
Skinny Nutritional Corp.
(OTC BB:SKNY)
Current Price (0.35)
www.SmallCapStockAnalyst.com
BALA CYNWYD, Pa.--June 3--Skinny Nutritional Corp. (OTCBB: SKNY), the exclusive worldwide marketer and distributor of Skinny Water®, today announced the company has entered an agreement with Anheuser-Busch (NYSE: BUD - News) distributor Harrison Beverage for the Philadelphia tri-state area and Southern New Jersey region. This is the first Anheuser-Busch agreement since launching the product. Skinny Water is now available to a growing market of almost 6 million consumers with more than 7,000 distribution points throughout Pennsylvania, New Jersey, Delaware, and Maryland. Skinny Nutritional develops, acquires, and distributes lifestyle and consumer products that capital on emerging trends in the health and wellness industry. Headquartered in Bala Cynwyd, Pa., the company is the exclusive worldwide distributor of Skinny Water®, Skinny Snacks(TM), and Nicogel, a cigarette replacement hand gel. For more information, visit http://www.skinnyco.com/.
Wave Uranium
(OTC BB: WAVU)
Current Price (0.31)
www.SmallCapStockAnalyst.com
LAS VEGAS, Nev.--June 3--Wave Uranium (OTCBB: WAVU - News) (the “Company”) today announced the acquisition of a 5,414 acre mineral lease in Emery County, Utah. This area is adjacent to 1,327 WAVU mining claims on Federal lands and 1,042 acres of State Trust Lands previously leased by the Company. Wave Uranium is a Las Vegas, Nevada based exploration and development uranium company. The Company is actively acquiring world class uranium properties in prolific mining areas in North America.Wave Uranium has assembled a team of geologists and directors with proven track records in areas of mineral exploration, mining programs and accessing global capital markets.
i2Telecom International, Inc.
(OTC BB:ITUI)
Current Price (0.10)
www.SmallCapStockAnalyst.com
ATLANTA--June 3--i2Telecom International, Inc. ("i2Telecom®") (OTCBB:ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol ("VoIP") products and services, today announced that it has sold a selected patent, along with certain patent applications, to Sinon Data LLC for $6.5 million in cash. The patent, along with the certain patent applications sold, relate to i2Telecom International, Inc.’s Voice Service Access Module (“VSAM”), which is marketed under the VoiceStick® label. i2Telecom International, Inc. (OTCBB: ITUI - News) is a pioneer in ultra-portable high- quality Voice-over Internet Protocol (VoIP) products and services employing best-of-breed VoIP technology, and uses a combination of its own network and the Internet to deliver high-quality phone calls, streaming video and text chat. i2Telecom International provides VoiceStick®, Digital Communications Portal communications and microgateway adapters for VoIP long-distance streaming video, text chat and other enhanced communication services to subscribers. Its proprietary technology platform is compliant with the Session Initiation Protocol ("SIP") telecommunications industry standard. i2Telecom International's revenue model includes recurring monthly subscriptions and prepaid services, as well as revenue from the sale of its integrated access devices, call minute termination fees and royalties from original equipment manufacturers. For additional information visit www.i2telecom.com or www.voicestick.com or call 404-567-4750.
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