Crosshair Exploration & Mining TICKER: CXX:TSX.V, CXZ:AMEX, CXX.TO DESCRIPTION: Crosshair Exploration and Mining is a dominant junior mining company focused on exploring and developing uranium in the Central Mineral Belt of Labrador. An aggressive drill program is currently underway to rapidly expand an existing 43-101 uranium resource. Crosshair is also demonstrating the multi-deposit potential of the project by successfully developing and drilling several new uranium targets on the 750 square kilometer project. As exploration advances within the Crosshair camp, along with various other camps in the area, the Central Mineral Belt is fast emerging as the next big uranium district in Canada.
BTV Company Execs Online with Crosshair’s President, Mark Morabito – Click to View.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
The Gold Report
"Crosshair Exploration has had a busy and productive month. They continue to stake their
claim as being one of the major players in the Central Mineral Belt.
1) They are set to acquire more than 4000 additional claims in the Central Mineral Belt (CMB) including a NI 43-101 resource from Universal Uranium Ltd.
2) They have announced the spin-out of their gold/volcanic hosted massive sulphide (VHMS) properties into a new company: Gemini Metals Corp. 3) They have appointed a new director with extensive experience and success in government and aboriginal relations in Newfoundland and Labrador.
Crosshair has signed an agreement with Universal Uranium Ltd., which will allow them to acquire Universal’s 60% interest in their joint venture property with Silver Spruce Resources. If the deal goes ahead as planned, Crosshair will more than double their land holdings to approximately 1740 square kilometres!" (6/11/08) Read Entire Article Here. -
Grandich Letter
The Gold Report
“Crosshair Exploration and Mining has just released the final set of results from last year’s drill program at their Central Mineral Belt (CMB) Uranium deposit in Labrador and have shown again why they are one of my favorites to emerge as a winner over the long haul.” (1/16/08)
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Grandich Letter
The Gold Report
“The uranium industry is part of the solution to the global problem of meeting the growing demand for electricity in a cost-effective manner, while at the same time minimizing the environmental impact, in particular greenhouse gas emissions. The developing economies of China, India, and Russia are seeking to significantly increase their reliance on nuclear power. Demand is outpacing supply and will continue to do so for the foreseeable future. With an experienced and strong management team and a quality uranium project with multi-deposit potential heading towards production, I believe Crosshair is the real deal.” (3/04/08)
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Grandich Letter