News Focus
News Focus
icon url

futrcash

07/19/07 8:10 PM

#182 RE: timhyma #181

I like our chances!
The real unknown ,of course,remains that huge uranium exploration license the exploration of which is well underway,and spearheaded by several world renowned geologists.

...from Dejour's website...
Athabasca - Thelon Basins
In 2005, seeking to capitalize on an anticipated surge in uranium demand, the company worked with Dr. Lloyd Clark to identify premium uranium assets.

Based on Dr. Clark's significant knowledge of Saskatchewan's Athabasca Basin, where he served as Exploration Manager and Chief Geologist at SMDC (now Cameco), the company acquired 966,969 acres at a total cost of $1.0 million CDN.

In March, 2005, Dejour undertook a $6 million CDN comprehensive exploration program which defined over 250 km of basement conductors, graphitic horizons and boron-clay anomalies that are typically associated with uranium mineralization. This was followed by two drill programs which confirmed these results and identified optimal drill targets.

The World's Premiere Uranium Region
As the world's largest and richest uranium source, the Athabasca Basin provides over 33% of the world's current supply, and is seeing considerable activity from a number of leading junior uranium companies.

Finding The Ideal Exploration Partner
Recognizing the protracted nature of uranium exploration, the company sought out the optimal partner in order to leverage their holdings and mitigate exploration costs. In December 2006, the company closed an agreement with Titan Uranium Inc. to trade $7 million CDN in exploration/property expenditures for $46 million CDN in stocks (33.5%) and warrants in the publicly-traded Titan (TSX-V: TUE). Recently, Titan was valued by BDO Dunwoody at $47.3 million CDN. Dejour also retained a 10% carried interest and 1% NSR in its original projects.

This agreement made Titan Uranium one of the largest uranium explorers in the Athabasca Basin, with prime properties in all six conductive areas and over 300 line kilometers of basement conductors. Titan will also benefit from Dejour's experienced uranium exploration team, further strengthening the company's impressive management and technical competencies.

The Drilling Program
Titan is currently executing its 2007 $10M 11,000 m drilling program on defined targets. For a more comprehensive description of this project and the drilling program, we invite you to explore the Titan Uranium website.




futrcash