Crosshair Energy Corporation

Focused on exploring and developing uranium in the Central Mineral Belt of Labrador

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Crosshair Energy Corporation Profile

Crosshair Exploration & Mining Corp, Vancouver, BC, TSX: CXX; NYSE Amex: CXZ is a dominant player in the exploration and development of gold, uranium and vanadium in the US and Canada. Crosshair continues to advance its gold projects Newfoundland and has begun a $3 million drilling and bulk sampling program.

The Company is focused on advancing the Bootheel Project in Wyoming towards production. An initial resource estimate has been completed for the Bootheel project which includes an indicated resource of 1.09 million pounds of uranium and an inferred resource of 3.25 million pounds of uranium. The Bootheel Project has exceeded the minimum mining threshold and is designed for near term production.


Investment Highlights:

  • Substantial historical uranium resource in the Shirley Basin, Wyoming
    • NI 43-101 compliant resource of 4.34 million pounds of uranium
    • Cost-effective production by in-situ recovery
    • Near-term production potential
    • Production expertise from venture partner UR-Energy
    • Located in Wyoming, a uranium mining friendly state
      • Close to 200 million lbs. of past uranium production
      • Already producing uranium

The CMB Uranium/Vanadium Project is located in Labrador, Canada and Crosshair has demonstrated the multi-deposit potential of the project by successfully develop­ing four resources – C Zone, Area 1, Armstrong and Two Time Zone. All four re­sources are open for expansion. Vanadium, already irreplaceable in several in­dustries including aerospace, aviation and construction due to its unrivalled ability to strengthen steel, has also become very important in the advancement of battery technology and its use for connecting large-scale power grids.Crosshair is currently undertaking a Vanadium Resource Expansion Program and hopes to more than double the existing vanadium resource without any additional drilling.


Please CLICK HERE to view Crosshair's latest PowerPoint Presentation

Crosshair currently trades on the Toronto Stock Exchange as CXX and the NYSE Amex as CXZ.

Last changed at 22-Nov-2011 02:29PM by AGORACOM