Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX-V
Sector: General Mining
Epic: TSX-V:BAY
News: Latest news
Web Site: Bayswater Uranium
Other Articles:

RSS - Subscribe to the News Today on Proactive UK ▼

Wednesday March 17, 07:07smartFOCUS’ shift to Software as a Service pays dividends

By moving to SaaS, the small cap software company has been able to boost its recurring revenue stream, improve visibility, while also cutting the sales cycle

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Tuesday March 16, 11:50Gulf Resources: a burgeoning industrial minerals force in Africa

A new force in industrial minerals is taking shape in Africa, following on from Gulf's acquisition of world class vermiculite assets from Rio Tinto International in 2009.  

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Bayswater Uranium

Bayswater Uranium

Bayswater Uranium is an international uranium exploration and development company with assets in each of Canada's most important producing and exploration regions – the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin.

The Company also owns several advanced uranium properties in the US, thus combining a balanced portfolio of exploration and advanced projects. The Company is pursuing acquisition opportunities of advance-stage uranium projects with near-term production potential.

Thursday, November 20, 2008

Bayswater Uranium – Significant New Uranium Trend at Boiteau Lake

by Sam Kiri company news image

 It looks like the worst is over for Uranium. The metal fell from its dizzy heights and was trading at one time just above $40/lb. Matters have improved since then and uranium is now trading at $53/lb. Uranium bulls are rubbing their hands in glee. Recession fears and weak economies have not really taken away the fundamentals for Uranium.

Against this backdrop, development efforts by Canadian Venture and OTC BB listed Bayswater Uranium (TSX-V: BAY, OTCBB: BYSWF) comes as no surprise. BAY just reported the discovery of a 5 km long, new uranium-bearing mineralized trend located approximately one kilometer northwest of Boiteau Lake in the Company’s 100% owned CMB Uranium Property of Labrador.

Four new bedrock uranium showings have been discovered along a five kilometer structural corridor as interpreted from airborne magnetics, landsat imagery, air photo interpretation and ground investigation. This structural feature can be traced across the Company’s property for some 12 kilometers and only limited work along this trend has been performed to date. Based on 28 rock samples collected, 23 samples returned values greater that 0.10% U3O8 with the best sample from outcrop assaying 0.723% U3O8.

The Northwest Boiteau Lake uranium showings are hosted within mid paleoproterozoic rock units containing a variety of lithologies including mafic volcanics, sandstones, schist, gneiss and pegmatites. The belt of supracrustal rocks are believed to be equivalents to the Moran Lake and Lower Aillik Groups that has seen extensive development efforts by several other established uranium companies including Mega Uranium.

The company’s assets are located in the Central Mineral Belt of Labrador, which has a long history of uranium and base metals exploration. Exploration and development activity remains unabated in the area. Collectively, over 145 million pounds of NI 43-101 compliant uranium resources have been reported in the Central Mineral Belt by Aurora, Crosshair and Silver Spruce, a figure that is expected to increase significantly in the coming years through increases to existing resources, as well as new uranium discoveries. BAY is the largest landholder in the Central Mineral Belt with interests in 2,376 sq km of strategic landholdings.

This naturally is all good news for BAY. Market woes have not dented its development efforts and the company is working towards establishing a NI 43-101 compliant resource at its Anna Lake discovery and in making additional uranium deposit discoveries. Unlike many other junior exploration companies, BAY is well financed and has over $7 million to finance its drill programmes. More news is expected from BAY as the company continues with its exploration efforts.





AddThis Feed Button
Register here to be notified of future Bayswater Uranium articles.

Investors interested in Bayswater Uranium recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.