Description
Abbastar Uranium Corp is exploring for near surface, low grade, large tonnage uranium deposits in Canada. On February 13, 2007 Abbastar entered into an option agreement with Entourage Mining Ltd. to acquire up to 70% of Entourage’s interest in the Doran property situated in Costebelle Township, on the north shore of the Gulf of St. Lawrence in south-eastern Quebec. A provincial highway and hydroelectric lines run through the property providing excellent project economics.
Share Price
In-depth Abbastar Uranium Proactive Investors Articles
- 15/04/2008 Abbastar Uranium : Exploring for near-surface, bulk-tonnage low-cost uranium
- 14/10/2007 Entourage Mining and Abbastar Uranium: Exploring For Near Surface Rossing Type Bulk Tonnage Uranium Deposit
- 20/07/2007 Entourage Mining and Abbastar Uranium: playing the power game
- 20/06/2007 Universal Uranium to consolidate Canadian assets to Silver Spruce Resources Inc. and spin off US sites.
- 29/01/2007 Forum Uranium: focusing on shallow uranium deposits gaining momentum
Recent Abbastar Uranium news
- 29/07/2008 Abbastar Uranium Corp. – more funds on the way
- 28/05/2008 Abbastar Uranium eyes up gold project in Mexico
- 18/04/2008 Brian Thurston joins board of Abbastar Uranium
- 12/02/2008 Abbastar Uranium commissions report
- 03/02/2008 Abbastar Uranium intersects significant uranium
Presentations & Company Media
No Documents available.
Related Research & Media
No Documents available.
Company Statement:
Abbastar Uranium Corp. (ABA: TSX-V) is exploring for near surface, low grade, large tonnage uranium deposits in Canada.
On February 13, 2007 Abbastar entered into an option agreement with Entourage Mining Ltd. to acquire up to 70% of Entourage’s interest in the Doran property situated in Costebelle Township, on the north shore of the Gulf of St. Lawrence in south-eastern Quebec. A provincial highway and hydroelectric lines run through the property providing excellent project economics.
Doran's host rock is pegmatite containing disseminated uranium mineralization, which is similar in geology to the Rossing Mine in Namibia, which currently produces 7% of the world's uranium at an average grade of 0.03% U3O8 (0.66 pounds per tonne).
Near surface deposits can be developed quickly and inexpensively.
Current Operations:
The Doran Property consists of 47 contiguous mineral claims covering approximately 2500 hectares in the Baie Johan Beetz area of Costebelle Township, Quebec, NTS map sheet 12 L/08. The Doran Property is located in the southeastern part of Quebec, along the north shore of the Gulf of St. Lawrence, approximately 18 kilometers west of Aguanish and 109 kilometers east of Havre St. Pierre. The property extends inland from the Gulf of St Lawrence a distance of approximately 10 kilometers to the north. The topography of the property for the most part is rolling hills having a maximum relief of 100 meters with elevation ranging from sea level to 100 meters. All mineralized areas of interest are located above sea and river levels.
Management
Gary Schroeder: President and CEO, Director
Mr. Schroeder received his post secondary education at the University of British Columbia where he majored in Commerce and Finance. Mr. Schroeder has spent the past 15 years engaged in various aspects of the securities industry in British Columbia beginning as an investment advisor with the firm McDermid St. Lawrence in the early 1990s. He left McDermid in 1994 to restructure stox.com Inc., where he served as President until 1999. Since 1999, Mr. Schroeder has been an officer and director of several public companies. He is also a director of Creation Casinos Inc.
Patrick Lavin, CGA: Chief Financial Officer, Director
Mr. Lavin has over 15 years experience in the areas of corporate finance and financial administration of public companies. Mr. Lavin is also the President and CFO of Creation Casinos Inc.
Don Gordon: Director
Mr. Gordon is the Vancouver representative for the CNQ stock exchange. He is also a Senior Associate with Evans & Evans Inc., a business valuation and corporate finance advisory firm, and Executive Director of the Canadian Listed Company Association. Previously, Mr. Gordon held management positions in corporate finance and marketing over a 17-year period, with the Vancouver Stock Exchange (now TSX Venture Exchange). Mr. Gordon is past President and board member of the Vancouver Society of Financial Analysts.
James Turner, P. Geo: Director
Mr. Turner holds a B.Sc. degree from the University of British Columbia. He has been a practicing geologist since 1976. Mr. Turner is a member of the Association of Professional Engineers and Geoscientists of British Columbia and a former fellow of the Geological Association of Canada. He has been involved in mineral explorations with major mining companies such as Teck Cominco Limited, Noranda Inc. and Newmont Explorations of Canada Limited. During his career Mr. Turner has worked in British Columbia, the Northwest Territories, Baffin Island, Yukon Territory, Mali, Ghana, Panama, U.S.A and Brazil. Mr. Turner has extensive experience in exploration for base metals, precious metals, and diamonds.
Thomas Bell: Director
Mr. Bell serves as a non-executive independent Director of Abbastar. Mr. Bell currently holds the position of Vice President, Corporate Development and Investor Relations, with the largest Canadian gaming corporation listed on the TSX, and has over 15 years of experience in investor relations and corporate development.
Major Shareholders
SHARE STRUCTURE
| 12,797,830 | Issued and Outstanding | ||||||||
| 187,500 | Warrants Outstanding
|
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| 1,045,000 | Stock Options Outstanding | ||||||||
| 14,030,330 | Fully Diluted |
Contact Information
ABBASTAR URANIUM CORP.
1201 - 700 West Pender Street
Vancouver, BC
V6C 1G8
Phone: 604-658-2040
Fax: 604-658-2045
Corporate Information
No info available.
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