Cash Minerals (fka CHX)

[johnlw]

Sure that works
Get rid of this Ford.

If friggin' CHX hits $2.50 I think I can afford to rent a chopper for the weekend and take a look around

[Tackler]

na that would be ISX type toys

[Rocketred]

lol how about a new 2007 gmc z71 fully loaded for checking things out

[johnlw]

For climbing in them Wernacke Mountains

[Rocketred]

extra grippy

[johnlw]

Maybe a new pair of shoes

[Rocketred]

new powered golf cart

[johnlw]

Damn straight man

[Rocketred]

2.50 you got big plans

[johnlw]

Just holding the freebies at the moment.
Probably get rid of half of them at...say $2.5 this summer
;)

[Rocketred]

cool your in da chips i didn't play the last round under the buk again

[johnlw]

Bingo

[johnlw]

'Bout this time last year Cash did its move.
Lots of holes this year.
Do your thing Stalin.

[Rocketred]

ya chx made it sound sooooooooooooooo good lol

[johnlw]

lol
10' of sweet fa isn't enough to excite you Rocky?

[Rocketred]

Cash Minerals drills 3.7 m of 0.27% Cu at Odie property

2007-06-26 09:24 ET - News Release
Shares issued 80,078,011
CHX Close 2007-06-25 C$ 1.02

WOW is CHX on drugs or what

[Rocketred]

Cash Minerals intersects visible Cu, awaits assays/remember this

[oasdihf]

Impressive CHX banner:



Found at following link today:
http://latesturanium.com/

[huesos]

Someday (2012), my collection of all these spinoffs is going to be worth something. This upcomming CHX drill program looks to have some size to it.

[Tackler]

Ya why not just cross a block and CIBC playing in SGN too.

[johnlw]

This CIBC/Orion action looks kind of bizarre?

V   20070614 13:14:11           0.91     -0.02       250   88 E-TRADE            59 PI                 E 
 V   20070614 13:12:27           0.88     -0.02      5000   7 TD Sec              11 Orion              K 
 V   20070614 13:02:35           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:35           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:34           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:34           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:33           0.88     -0.02      4000   1 Anonymous           11 Orion              K 
 V   20070614 13:02:32           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:32           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:31           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:30           0.88     -0.02      3000   79 CIBC               11 Orion              K 
 V   20070614 13:02:30           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:29           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:29           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:28           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:27           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:27           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:26           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:25           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:25           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:24           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:02:24           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:23           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:23           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:22           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:22           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:21           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:20           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:20           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:19           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:19           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:19           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:18           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:18           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:17           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:17           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:16           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:16           0.88     -0.02      3000   79 CIBC               11 Orion              K 
 V   20070614 13:02:15           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:15           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:14           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:14           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:02:13           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:13           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:12           0.88     -0.02      3000   79 CIBC               11 Orion              K 
 V   20070614 13:02:12           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:11           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:11           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:10           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:09           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:02:09           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:08           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:08           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:07           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:07           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:06           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:06           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:05           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:02:05           0.88     -0.02      2500   79 CIBC               11 Orion              K 
 V   20070614 13:02:04           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:04           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:03           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:02:02           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:02:02           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:02:01           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:00           0.88     -0.02      1000   79 CIBC               11 Orion              K 
 V   20070614 13:02:00           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:01:59           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:01:59           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:58           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:58           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:57           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:01:57           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:56           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:55           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:55           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:01:54           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:54           0.88     -0.02       500   79 CIBC               11 Orion              K 
 V   20070614 13:01:53           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:01:53           0.88     -0.02      1500   79 CIBC               11 Orion              K 
 V   20070614 13:01:52           0.88     -0.02      2000   79 CIBC               11 Orion              K 
 V   20070614 13:01:51           0.88     -0.02      1500   79 CIBC               79 CIBC               K 
 V   20070614 13:01:51           0.88     -0.02      3000   79 CIBC               11 Orion              K 
 V   20070614 13:01:50           0.88     -0.02      1500   79 CIBC               79 CIBC               K 
 V   20070614 13:01:50           0.88     -0.02      2000   79 CIBC               79 CIBC               K 
 V   20070614 13:01:48           0.88     -0.02      6500   79 CIBC               11 Orion              K 
 V   20070614 13:01:47           0.88     -0.02      3000   79 CIBC               11 Orion              K 
 V   20070614 13:01:47           0.88     -0.02     14000   79 CIBC               11 Orion              K 
 

[johnlw]

Well
One of many to keep an eye on.

[Tackler]

$1.75 warrant is below the last pp of $2.00 and to think I tried to get in on that

answer was all taken by "institutions"

[Tackler]

Seems to be no shortage of .89 for sale

[johnlw]

I'll leave the number crunching to you

[Tackler]

So if the $1.75 warrant is worthless then Troymet is worth .05 for a quarter share?
I wonder if it will be priced at .20?

[Tackler]

Here is what Troymet will be, whats it worth?...

Signet will spin out its non-uranium properties into a separate company called Troymet Exploration Corp. created for the spinout and each Signet shareholder will receive 0.25 common share of Troymet for each Signet common share held.

McClarty Lake:



The 596-hectare McClarty Lake Project is located 47 kilometres south-southwest of Snow Lake, Manitoba, within the prolific Flin Flon Greenstone Belt. Under the terms of an option agreement, Signet may earn a 60% interest in two claims (252 hectares) from Hudson Bay Exploration and Development Limited, by incurring certain exploration and option expenditures. Signet owns a 100% interest in the remaining three claims.

The exploration target is a volcanogenic massive sulphide (VMS) deposit similar to those of the Snow Lake camp. Four drill holes that tested the target area intersected chloritic and sericitic alteration and semi-massive pyrite, a typical mineral assemblage peripheral to VMS deposits in the Snow Lake area. The best intersection to date is 4.17 g/t gold and 8.48 g/t silver over 4.0 metres.

A Time Domain EM (TEM) survey identified a potential massive sulphide horizon over a strike length of approximately 600 metres. Diamond drilling in winter 2007 tested the conductor system over a 400 m strike length and intersected semi- to massive pyrite and with chalcopyrite and pyrrhotite over 0.3 to 7-metre widths in 4 of 5 holes. Assays results are pending.

Golden Eagle:



The Golden Eagle project is located within the Tintina Gold Belt in northwest British Columbia near the Yukon-BC border. The project covers 8,178 hectares of highly prospective ground over a distance of approximately 25 kilometres. The property offers excellent discovery potential for a variety of multi-million ounce precious metal deposits including Pogo, Eskay Creek and Fort Knox-type deposits. The Company controls a 100% interest in the project through a mix of 100% owned claims and optioned claims.

Key:

The Key project (2,911 hectares) is located southwest of Vanderhoof, British Columbia.



The project covers an area of anomalous lake sediment geochemistry centered on a sequence of basaltic to rhyolitic volcanics possibly preserved within a graben. The geological setting has strong parallels with Eskay Creek. A summer 2006 program of prospecting and lithogeochemical sampling is planned.

Wheatcroft Lake:

Signet is seeking a partner on the Wheatcroft Lake project (1,373 hectares), which is located west of Leaf Rapids, Manitoba. The project hosts a large, folded, epigenetic, sulphide and gold mineralized system of approximately +2 kilometres lineal extent. Diamond drilling on the fold nose intersected widespread shallow, low-grade gold mineralization up to 0.26 g/t gold over 13.8 metres (Marksmen Resources Ltd. press release April 21, 1998). Large areas of the horizon remain to be drill tested.

[johnlw]

My sentiments exactly.
I see it sub 90 and think it is worth a trade.....

[Tackler]

Would be nice to see this turn around.
SGN priced at .94 CHX now .05 for warrant and spin-out company i guess

[johnlw]

Cash Minerals, Signet firm up amalgamation plans

2007-06-14 09:03 ET - News Release

Also News Release (C-SGN) Signet Minerals Inc

Mr. Basil Botha of Cash Minerals reports

CASH MINERALS AND SIGNET PROVIDE UPDATE ON STRATEGIC AGREEMENT

Cash Minerals Ltd. and Signet Minerals Inc. have jointly executed an arrangement agreement relating to the previously announced transaction, whereby Cash Minerals will acquire all of the outstanding common shares of Signet in exchange for units of Cash Minerals. Pursuant to the transaction, Signet shareholders will receive one unit of Cash Minerals for each Signet common share held, with each unit consisting of 0.67 common share of the company and one-half of one share purchase warrant, each whole share purchase warrant being exercisable for one common share of Cash Minerals at a price of $1.75 per share for a period of three years from the date of issue. In connection with the transaction, Signet will spin out its non-uranium properties into a separate company called Troymet Exploration Corp. created for the spinout and each Signet shareholder will receive 0.25 common share of Troymet for each Signet common share held.

Outstanding Signet warrants will be exercisable into Cash Minerals common shares and warrants and Troymet common shares in lieu of one common share of Signet on the same terms and conditions as the original warrant after taking into consideration the above exchange ratios.

The board of directors of Signet has unanimously determined that the transaction is fair and will recommend that Signet shareholders approve the transaction. Signet's financial adviser, Toll Cross Securities Inc., has provided a verbal opinion to the board of directors of Signet that the consideration to be received by shareholders under the transaction is fair, from a financial point of view, to such shareholders.

The arrangement agreement provides for, among other things, a non-solicitation covenant on the part of Signet, a right in favour of Cash Minerals to match any competing offers, and a non-completion fee payment of $995,000 to be paid by Signet under certain circumstances.

The transaction is conditional upon receipt of shareholder, court and regulatory approval, and receipt of third party consents and other conditions customary in a transaction of this nature. The transaction must be approved by at least two-thirds of the votes cast by shareholders of Signet at a meeting of holders of common shares of Signet to be held on July 24, 2007.

Cash Minerals has entered into lock-up agreements with Signet shareholders who hold approximately 21 per cent of the outstanding Signet common shares, pursuant to which they have agreed to support the transaction, subject to certain conditions. The directors and officers of Signet have also agreed to support the transaction, subject to certain conditions.

The proposed transaction allows Signet shareholders to participate in Cash Minerals' major uranium exploration program, while continuing to participate in the exploration of the Curie and Murphy uranium projects. Signet shareholders would also benefit from future consolidating acquisitions made by Cash Minerals, such as the recently announced joint venture agreement with Cornerstone Capital Resources Inc.

Cash Minerals' financial adviser is PowerOne Capital Markets Limited and Signet's financial adviser is Toll Cross Securities Inc.

We seek Safe Harbor.

[Rocketred]

:))))

[Tackler]

ya get some cash this summer

[Rocketred]

Sign of the times

[Tackler]

why oh why?

[Rocketred]

back under a buk and headed lower

[Tackler]

Cash Minerals Begins Construction of Lumina and Bear River Camps
Thursday May 24, 8:59 am ET

http://www.investorshub.com/boards/read_msg.asp?message_id=19914927

[Tackler]

Signet Minerals appoints Billard to the board

2007-05-14 13:42 MT - News Release

Ms. Tracy Hurley reports

SIGNET APPOINTS NEW DIRECTOR

David Billard, BSc, PGeo, has been appointed to Signet Minerals Inc.'s board of directors. Mr. Billard brings a strong and diverse exploration expertise to the board.

Mr. Billard is a professional geologist with 25 years of experience in mineral exploration. He is currently the exploration manager for JNR Resources Inc. and was directly involved in the discovery of the Maverick zone on JNR's Moore Lake uranium property in the Athabasca basin. Prior to joining JNR, Mr. Billard was employed for over 12 years by Cameco Corp. in exploration for gold, base metals, diamonds and uranium throughout Western Canada and the Western United States. He is also a principal of Cypress Geoservices Ltd.

Mr. Billard received his bachelor of science degree in geology at the University of Saskatchewan in 1983, and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS).

[Tackler]

SGN at .64 on sale, CHX @ 1.10 * .67 = .74
SGN at .64/.67 = CHX for .95 plus half warrant

[johnlw]

Nickle would be nice

[Rocketred]

copper uranium next gold and silver lol

[johnlw]

They are going coast to coast with their personnel now.

Exploration in the Wernecke uranium district is being conducted under the supervision of Christopher K. Hutchings, PGeo, who is the qualified person as specified in National Instrument 43-101 for technical disclosure. Mr. Hutchings is president of Kiex Consulting Ltd., a professional geoscience consulting company.

Looks like this fellow did some work for CXX a few years ago fwiw.
One man show? Nothing wrong with that I guess-works for me..lol

Engineering Directory  
 Newfoundland And Labrador 
 Thursday, April 12, 2007 
 A full range of services are provided from advisory to post construction commissioning, including feasibility  
 studies, preliminary and detailed design, contract administration, on-site supervision, tendering and commissioning. 
 KIEX CONSULTING LIMITED 
 8 WHITES ROAD 
 CARBONEAR, NL 
 A1Y 1A4 
 Email: 
 [e-mail] 
 Phone: 
 709-596-2270 
 709-596-2270 
 Fax: 
 CHRISTOPHER HUTCHINGS, P. GEO., PRESIDENT 
 Contact: 
 SIZE OF ORGANIZATION 
 Designation 
 Full-TimePart-Time 
 P. Eng. 
 00 
 P. Geo. 
 10 
 00 
 Technologists 
 Other Professionals 
 01 
 Total1 
 1 
 DISCIPLINES OF PRACTICE 
 Discipline(s): 
 Geology 
 Sub-discipline(s) Engineering: 
 Sub-discipline(s)- Geoscience: 
 Mineral Exp/ Env Geology 
 PROFESSIONAL SERVICES 
 Mineral Exploration (Primary operations - 1979) 
 Base Metals - Gold-Industrial Minerals 
 Examination & Independent Evaluation 
 Validation Inspection 
 Research & Acquisition 
 Program Design & Field Surveys 
 Project Management 
 Qualified Person (QP) Responsibilities 
 Environmental 
 (contaminants and natural hazards) 
 Geological Research 
 Consultation 
 Site Examination

[Tackler]

Maybe this will become a copper play... Cash Minerals intersects visible Cu, awaits assays

2007-05-15 09:17 MT - News Release

Mr. Basil Botha reports

CASH MINERALS INTERSECTS VISIBLE NATIVE COPPER AT THE ODIE PROPERTY, WERNECKE URANIUM DISTRICT, YUKON

Cash Minerals Ltd.'s drilling on the Odie property has intersected visible copper, as native copper, in two intersections. Copper mineralization occurs within two intervals that are approximately 11 metres and 5.7 m thick. These intervals of native copper appear to occur in association with significant veining and chlorite alteration of the metasedimentary basement rocks of the Wernecke supergroup.

"Geological targeting for the first phase of drilling completed by our exploration team led by Dr. Geordie Mark demonstrates the benefits of applying cutting-edge modelling technology to geophysical data. In the case of Odie, integration of geophysical models with geological data has allowed us to target at depth areas of interest more precisely, which is encouraging as comparable methods are employed to discover massive IOCG-U (iron-oxide copper-gold uranium) systems in Australia," commented Basil Botha, president and chief executive officer of Cash Minerals. Drill-hole assays from the first set of holes at Odie are expected to be released in June.

Native copper, which represents the natural metal form of copper, is soft, malleable and dense. In drill hole 2007-OD-01R (01R), native copper typically occurs as irregular masses and fillings in open spaces within veins in two intervals at 423.6 to 434.6 m (11 m) and 526.4 to 532.1 m (5.7 m). Native copper is commonly formed by the mobilization of copper in fluids, where in some cases, the copper is often shown to be derived from proximal copper sulphide (for example, chalcopyrite and bornite) deposits. "These intersections of native copper provide some very exciting results for our stage-one drilling program on the Odie property, as it gives us an indication that copper mineralization is present. We plan to follow up on this hole later this season," said Dr. Mark, vice-president of exploration.

Vein-controlled and disseminated pyrite mineralization also occurs sporadically in drill hole 01R between 495.1 and 563.9 m.

Exploration and camp planning for the 2007 season is currently under way, with stage-one drill plans near completion for the Igor and Lumina properties. "Planning for the 2007 exploration season is progressing well, and with five drills confirmed for Cash Minerals, our six full-time staff geologists are busy finalizing the 2007 drilling exploration program," commented Dr. Mark. Other properties within the Wernecke uranium district to be explored later this season include the Vic, Bond, Angel and Bonnie properties. Exploration in the Wernecke uranium district is being conducted under the supervision of Christopher K. Hutchings, PGeo, who is the qualified person as specified in National Instrument 43-101 for technical disclosure. Mr. Hutchings is president of Kiex Consulting Ltd., a professional geoscience consulting company.

[Tackler]

waiting and watching

[Rocketred]

Around round coming soon,hopefully cash gets back to the lows again for re-load

[johnlw]

Yeah
Paid a huge price for that property in my view.
I hope they have something up their sleeve.

[Tackler]

no and something spectacular may have answered some questions

[johnlw]

ppm never does much for me

[Tackler]

Signet Minerals samples 78 ppm U at Murphy

2007-04-30 07:13 MT - News Release

Mr. Tracy Hurley reports

SIGNET UPDATES MURPHY URANIUM PROJECT

Signet Minerals Inc. is releasing results from its 2006 exploration program on the Murphy uranium project, located approximately 85 kilometres northeast of Whitehorse, Yukon.

The property covers intrusive-hosted uranium occurrences that are marked by high radioactive and strongly anomalous geochemistry. The 2006 exploration program included a 200-line-kilometre helicopter-borne radiometric survey, reconnaissance ground magnetic/EM surveys and two days of reconnaissance prospecting.

The airborne radiometric survey identified a prominent anomaly over approximately 1.7 square kilometres that is partly coincident with the area of historic uranium showings and major structures. The anomaly appears to coincide with bedrock exposure of the granodiorite.

Seventeen grab samples were collected over two days of prospecting and returned background to anomalous uranium values ranging from three to 78 parts per million U. A significant percentage of the uranium is labile, which is important in that it represents uranium that is easily leached and readily mobilized into deposits. The historical mineral occurrences were not relocated during the brief field investigation; however, the uranium-bearing mineral, autunite, was found on fractures in one locale.

A planned 1,000-metre diamond drilling program commenced in early October, 2006, and was suspended on Oct. 31 due to extreme weather conditions. Three holes totalling 366 metres were completed and a fourth hole was collared in talus to a depth of 18 metres.

Holes MU06-01 and MU06-02 were collared on a prominent gossan on the MURF 16 claim to test for the presence of uranium mineralization at the intersection of a gossanous pyrite-rich granite phase, airborne radiometric highs and faults interpreted from ground magnetics and EM surveys. Both holes encountered coarse-grained granodiorite with less than 1 per cent disseminated pyrite over their entire lengths of 79.25 m and 151.09 metres, respectively. No elevated radioactivity was noted in the core.

Hole MU06-03 was collared 125 m to the northwest and to test a prominent bedrock surficial radiometric high along the projection of the pyrite-rich granite phase in an area of cross faulting. This hole also encountered coarse-grained granodiorite over its entire length of 135.89 metres with no radioactive mineralization noted. A moderate spike in the downhole gamma log was noted, however, over a 0.49-metre length at the end of the hole.

Twenty-eight core samples were collected for analysis. Uranium values ranged from 1.44 to 49.00 ppm U:

- two samples greater than 40 ppm;

- 14 samples greater than 20 ppm; and

- eight samples greater than 15 ppm.

Between 89 per cent and 100 per cent of the uranium is labile.

The strongest and largest area of radioactivity lies south and southeast of the area of drilling. This area has not yet been prospected, mapped or sampled. Historically, this is an area of anomalous stream sediment geochemistry, returning 17, 106 and 190 ppm U in silt samples.

This is a highly prospective property with potentially significant levels of labile uranium, a strong radiometric signature and abundant structures. The company is planning a detailed mapping and prospecting program in 2007 to identify possible shear-hosted and episyenite-type uranium mineralization prior to further drilling. Further details on the Murphy project can be found at the company website.

Tracy Hurley, PGeo, vice-president, exploration, and qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release. Samples were analyzed at the Saskatchewan Research Council Laboratory in Saskatoon, Sask. All technical information for the company's Murphy project is obtained and reported under a formal quality assurance and quality control program, details of which are presented on the company's website.

[Tackler]

thanks, nice that SGN went up vs CHX dropping like i figured last night

[Rocketred]

nice switch a-rooooooooooooooooooooooo