TSX-V : TUE    $0.20      FRANKFURT : T4X $0.14

Castle North & South Properties

  • 100% working interest in 37,213 hectares (91,955 acres);

  • Adjoins and on strike with AREVA/UEX Corp.’s Shea Creek property;

  • Castle North property located 5 km from AREVA’s Cluff Lake mine (produced 62.5 million pounds U3O8, 1980–2002);

  • Airborne EM surveys (2005, 2006) located basement electromagnetic conductors;

  • Target identified as Saskatoon Lake Conductor (SLC) which is a graphitic fault zone hosting Uranium deposits on the Shea Creek property;

  • 7,880 metres (12 holes) Titan drill program (2006, 2007) confirmed the presence of the Saskatoon Lake Conductor;

  • Elevated pathfinder elements and significant alteration in the drill holes warrant additional drilling;

  • TDEM ground geophysics completed in 2008. An HLEM survey started in August 2008 was completed in Q1 2009; and

  • DC resistivity survey completed in 2009 revealed targets at the south end of the property to be followed up with further geophysical programs.