Bancroft Uranium Updates N.I. 43-101 Report Progress
Thursday June 19, 9:00 am ET
SCOTTSDALE AZ--(MARKET WIRE)--Jun 19, 2008 -- Bancroft Uranium Inc. (OTC BB:BCFT.OB - News) ("Bancroft" or the "Company") today wishes to update the progress of the ongoing third-party engineering report on the Monmouth Uranium Project, which is being prepared under compliance with N.I. 43-101 standards.
The Company has been informed that the progress of the report is proceeding well and that an initial draft will be made available to management by next week. The final report, which will be filed with regulatory agencies and released to the public, is expected in approximately 3 weeks; or the end of the first week of July. The resource calculation is near completion and the final report conclusions and recommendations are now underway.
Bancroft is pleased with the progress and the professionalism of the engineering group authoring the report and will endeavor to keep the public apprised of the progress towards completion and will release the findings when the final report has been made available for filing.
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