Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), ATSI Communications, Inc. (OTC BB:ATSX) , U.S. Dry Cleaning Corporation (OTC BB: UDRY), Sterling Mining Company (OTCBB: SRLM), CSMG TECHNOLOGIES (OTC BB: CTGI)
Featured Stock: Bancroft Uranium Inc
(OTC BB: BCFT)
Current Price (0.81)
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.
For an in-depth analyst report, please visit : http://www.smallcapstockanalyst.com/
ATSI Communications, Inc.
(OTC BB:ATSX)
Current Price (0.21)
www.SmallCapStockAnalyst.com
SAN ANTONIO, TX----Jun 4, 2008 -- ATSI Communications, Inc. (ATSI) (OTC BB:ATSX.OB - News) announced today that its wholly owned subsidiary, Digerati Networks, Inc., has partnered with a top tier European carrier to offer a VoIP service with global coverage that meets specific service level standards required by specialized operators. The new "Digerati Platinum" service with worldwide coverage was developed specifically for service providers directly serving the consumer or enterprise market. ATSI Communications, Inc. operates through its two wholly owned subsidiaries, Digerati Networks, Inc. and Telefamilia Communications, Inc. Digerati Networks, Inc. is a premier global VoIP carrier serving rapidly expanding markets in Asia, Europe, the Middle East, and Latin America, with an emphasis on Mexico. Through Digerati's partnerships with established foreign carriers and network operators, interconnection and service agreements, and a NexTone powered VoIP network, ATSI believes it has clear advantages over its competition. Telefamilia Communications provides specialized retail communication services that includes VoIP services to the high-growth Hispanic market in the United States. ATSI also owns a minority interest of a subsidiary in Mexico, ATSI Comunicaciones, S.A. de C.V., which operates under a 30-year government issued telecommunications license.
U.S. Dry Cleaning Corporation
(OTC BB: UDRY)
Current Price (0.80)
www.SmallCapStockAnalyst.com
NEWPORT BEACH, Calif.--June 4--Robbie Lee, founder and CEO of the nation’s fastest-growing publicly-held dry cleaning chain, U.S. Dry Cleaning (OTCBB:UDRY - News), said on Fox Business News that the company continues to maintain its very rapid growth rate. In the interview Mr. Lee discussed the explosive growth of U.S. Dry Cleaning and how it compares to that early year growth of nationally-recognized chains such as Starbucks and Staples. U.S. Dry Cleaning has a unique benefit of “no need to maintain inventories.” According to Lee, this helps to reduce costs as the chain expands throughout the U.S. The full interview can be viewed at: http://www.foxbusiness.com/video/index.html?playerId=videolandingpage& streamingFormat=FLASH&referralObject=1048704&referralPlaylistId=search |robbie%20lee&maven_referrer=staf (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) USDC'S mission is to create the premier national chain in the dry cleaning industry. The Company's management team has extensive experience in retail consolidations and premier dry cleaning operations with a proven operating model. Management intends to rapidly acquire profitable, market-leading operations at accretive valuations. Each acquisition target is expected to be self-sufficient, and field management will remain in place to ease the assimilation.
Sterling Mining Company
(OTCBB: SRLM)
Current Price (1.65)
www.SmallCapStockAnalyst.com
WALLACE, IDAHO----Jun 4, 2008 -- Sterling Mining Company (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) is pleased to issue an update regarding recent developments at the Company following on the recent appointment of Ken Berscht as interim President/CEO of the Company. The Board of Directors met on the weekend with senior management and Sterling's professional advisors to review current status and strategic issues. 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.
CSMG TECHNOLOGIES
(OTC BB: CTGI)
Current Price (1.36)
www.SmallCapStockAnalyst.com
CORPUS CHRISTI, Texas--June4--CSMG Technologies, Inc., (OTCBB: CTGI - News) a technology management company, announced the company has received approval of its fourth U.S. patent. The approval is on a key divisional application for “Bonding of Soft Biological Tissues by Passing High Frequency Electric Current Therethrough” for CSMG Technologies’ subsidiary Live Tissue Connect’s (“LTC”) platform tissue bonding / welding technology. The patent approval follows the issuance of three other U.S. patents, a European Union patent, in eight European countries, Ukraine, Canada and Australia with 15 U.S. and international patents pending. CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG is focused on two primary subsidiaries, Live Tissue Connect, Inc. and landfill gas processing.
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