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    Magnum: 2007 ein möglicher Uranstar! - 500 Beiträge pro Seite

    eröffnet am 07.01.07 12:32:42 von
    neuester Beitrag 20.09.08 12:25:45 von
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      Avatar
      schrieb am 07.01.07 12:32:42
      Beitrag Nr. 1 ()
      Und erneut ist es mir unbegreiflich, warum hier noch kein Thread besteht.

      Für 2007 können sehr, sehr gute Ergebnisse erwartet werden, bei einer sehr geringen Kapitalisierung.

      Dementsprechend fällt dieser Wert exakt in mein Beuteschema.

      http://www.magnumuranium.com/s/Home.asp

      Magnum Uranium Corp. (MM:TSX.V) is a Canadian-based exploration company focused on the acquisition and development of a high-quality portfolio of uranium properties. Magnum's corporate strategy is to acquire advanced-stage uranium properties that are either past producers, have been the subject of prior work programs and/or contain historic resources. Additionally, Magnum will acquire selective early-stage properties should they possess significant geologic merit. Magnum has a proven track record of acquiring projects that meet these criteria as evidenced by our present portfolio. Our geographic focus is the Western United States, where we have acquired uranium properties in Idaho, Utah, Wyoming, New Mexico, and Canada's Athabasca Basin.

      Magnum is led by a team with a broad range of experience in uranium exploration, mining finance and corporate development. We are well-funded, attractively valued relative to our peer group and have a strong pipeline of property prospects.
      Avatar
      schrieb am 07.01.07 12:51:38
      Beitrag Nr. 2 ()
      Issued & Outstanding: 23,305,277
      Fully-Diluted: 29,719,877
      Market Capitalization: $23 million

      Props:


      Cedar Mountain
      100%
      2.2

      Lye
      100%
      0.5

      Wild Buck
      80%
      0.4

      San Raphael
      80%
      2.2

      Martinez Canyon
      100%
      2.2

      Total

      7.5 Millionen lbs Uran!

      Dazu:

      Athabasca:

      416,000 acre property, making
      Magnum one of the largest property
      owners in the Eastern Athabasca
      Basin.
      ·
      Project owned 100% by Magnum.
      ·
      Property is contiguous to La Rocque
      Lake deposit (8% to 28%), and
      Pitchstone's Waterfound Project, as
      well as to properties owned by
      Cogema, Purepoint and IUC.
      ·
      A 5,600 line km airborne
      electromagnetic survey was
      completed in July. A total of six
      discrete anomalies were identified
      that warrant follow-up ground
      geophysics to better define targets.
      -----------------

      Ganz vorsichtig formuliert, könnte ich mir
      durchaus eine Marketcap von 50 mio. vorstellen.

      Bei allem Risiko, natürlich!
      Avatar
      schrieb am 07.01.07 12:52:43
      Beitrag Nr. 3 ()
      Grosses Gebiet ;)

      Avatar
      schrieb am 07.01.07 13:37:18
      Beitrag Nr. 4 ()
      Interessanter Wert. Anscheinend wird die Aktie aber nur an der OTC gehandelt. Wie hoch sind die Kaufgebühren von Deutschland aus??
      Avatar
      schrieb am 07.01.07 13:46:13
      Beitrag Nr. 5 ()
      Antwort auf Beitrag Nr.: 26.744.962 von Aktienkrieger am 07.01.07 13:37:18Hängt von der Bank ab.

      Wenn ich am Montag hübsch Bitte sage,
      wird es sicher nicht so teuer...

      Trading Spotlight

      Anzeige
      JanOne
      3,9700EUR +3,66 %
      Heftige Kursexplosion am Montag?!mehr zur Aktie »
      Avatar
      schrieb am 25.02.07 07:29:11
      Beitrag Nr. 6 ()
      Antwort auf Beitrag Nr.: 26.745.117 von Panem am 07.01.07 13:46:13Ich werde den Wert mal beobachten. Für weitere Infos (auf Deutsch) wäre ich dankbar.
      Gibt es schon Ergebnisse von Bodenproben ? Wird schon geschürft, gibt es Lizenzen?
      Avatar
      schrieb am 28.03.07 12:59:31
      Beitrag Nr. 7 ()
      Antwort auf Beitrag Nr.: 26.744.962 von Aktienkrieger am 07.01.07 13:37:18ist ein canada wert.

      symbol an der tsx ist MM

      Avatar
      schrieb am 10.09.07 18:10:00
      Beitrag Nr. 8 ()
      Lesezeichen.

      Könnte hier vielleicht mal jemand eine aktuelle Einschätzung abgeben
      -fundamental hat sich doch nichts verschlechtert, oder?
      Avatar
      schrieb am 12.12.07 22:08:41
      Beitrag Nr. 9 ()
      PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF
      MAGNUM URANIUM CORP.


      TORONTO, Canada (December 12, 2007) Pinetree Capital Ltd. (TSX: PNP), announces that, through a series of transactions ending on December 10, 2007, it acquired ownership of 615,000 common shares (“Common Shares”) of Magnum Uranium Corp. (“Magnum”) through the facilities of the TSX Venture Exchange representing approximately 2.2% of the total issued and outstanding common shares of Magnum as of December 10, 2007. As a result of this transaction, Pinetree held as at December 10, 2007, an aggregate of 2,814,285 common shares of Magnum including the Common Shares and rights to acquire an additional 357,142 common shares of Magnum (the “Convertible Securities”), which represents approximately 11.1% of all issued and outstanding common shares as at December 10, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
      These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Magnum depending on market conditions or any other relevant factor.
      About Pinetree
      Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange (“TSX”) under the symbol “PNP”. Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree’s investments are primarily in the resources sector: Uranium, Oil & Gas, Molybdenum, Precious Metals and Base Metals. Pinetree’s investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.
      For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
      Investor Relations: Media Relations:
      Larry Goldberg, C.A. Wanda Cutler
      Executive Vice President and Chief Financial Officer Director of Corporate Communications
      Pinetree Capital Ltd. Pinetree Capital Ltd.
      130 King Street West, Suite 2500 130 King Street West, Suite 2500
      Toronto, Ontario, Canada, M5X 1A9 Toronto, Ontario, Canada, M5X 1A9
      Phone: 416-941-9600 Phone: 416-860-1717
      Email: ir@pinetreecapital.com
      Web Site: www.pinetreecapital.com
      Avatar
      schrieb am 12.12.07 22:50:01
      Beitrag Nr. 10 ()
      Magnum Uranium one-million-share private placement

      2007-12-12 16:24 ET - Private Placement

      The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 12, 2007.

      Number of shares: One million

      Purchase price: 45 cents per share

      Warrants: One million share purchase warrants to purchase one million shares

      Warrant exercise price: 65 cents for a two-year period

      Hidden placees: 56
      Avatar
      schrieb am 20.12.07 00:50:25
      Beitrag Nr. 11 ()
      Magnum Uranium closes $450,000 private placement

      2007-12-18 14:16 ET - News Release

      Mr. Craig Lindsay reports

      MAGNUM URANIUM COMPLETES PRIVATE PLACEMENT

      Magnum Uranium Corp. has closed its previously announced non-brokered brokered private placement of $450,000. The financing consists of one million units of the company at a price of 45 cents per unit. Each unit will consist of one common share and one warrant, exercisable by the holder to acquire one additional common share at a price of 65 cents for two years. The net proceeds from this private placement will be used as general working capital. The company will not incur any finder's fees or related selling expenses in connection with this financing.
      Avatar
      schrieb am 16.01.08 23:37:21
      Beitrag Nr. 12 ()
      Avatar
      schrieb am 17.01.08 22:48:12
      Beitrag Nr. 13 ()
      Thursday, January 17, 2008
      Magnum Uranium Announces High-Grade Phase II Drill Results from San Rafael Project

      --------------------------------------------------------------------------------

      VANCOUVER, B.C. -- Magnum Uranium Corp. ("Magnum" or the "Company") is pleased to announce high-grade results from Phase II drilling at its San Rafael Uranium Project, Emery County, Utah. As of the completion of this round of drilling, Magnum has met the work expenditure commitments required to earn an undivided 65% interest in this property from its joint venture partner, Energy Metals Corp. (see Magnum news release dated December 5, 2006).

      The objective of the Phase II drill program was to step-out on existing mineralized zones and discover new areas of additional high-grade uranium mineralization similar to those defining past resources and areas previously mined by Atlas Uranium and others. Magnum's Phase II program comprises 15 rotary drill holes, totaling approximately 12,000 feet, with spot coring through some of the mineralized zones.



      SAN RAFAEL URANIUM PROJECT
      Significant Phase II Drill Results
      From To Thickness Grade U 3O8Lbs/Ton

      Drill Hole (feet) (feet) (feet) (% eU 3O8)
      SR-09-07 495.0’ 499.0’ 4.0’ 0.448% 9.6
      SR-10-07 506.0’ 509.0’ 3.0’ 0.176% 3.5
      SR-14-07 506.5’ 507.5’ 1.0’ 0.121% 2.4
      SR-15-07 800.5’ 804.5’ 4.0’ 0.470% 9.4
      813.5’ 814.5’ 1.0’ 0.125% 2.5
      SR-22-07 825.5’ 826.5’ 1.0’ 0.139% 2.8
      SR-24-07 773.5’ 776.5’ 3.0’ 0.066% 2.1
      SR-25-07 838.0’ 842.0’ 4.0’ 0.161% 3.2
      SR-27-07 827.0’ 831.0’ 4.0’ 0.356% 7.1
      SR-29-07 842.0’ 843.5’ 1.5’ 0.124% 2.5


      Six of the holes totaling 3,549 feet were drilled into a mineralized zone referred to as the "North Jackrabbit", including SR-9-07 with 4.0 feet of 0.448% eU308 and SR-10-07 with 3.0 feet of 0.176% eU3O8. The North Jackrabbit Zone lies just north of the open ended, 2,600-foot-long, northeast-trending Jackrabbit Zone of high--grade mineralization previously identified during the Phase I drilling (see news release dated August 10, 2007). The other 9 remaining holes, which total 8,450 feet and include SR-15-07 with 4.0 feet of 0.470% eU3O8, SR-27-07 with 4.0 feet of 0.356% of eU3O8, and SR-25-07 with 4.0 feet of 0.161% eU3O8, were drilled into the western half of the "Deep Gold" uranium deposit to test for multiple zones of high-grade mineralization discovered by Pioneer Uravan in the early 1980's.

      The gamma portion of the down-hole logging tool was calibrated to the uranium content by probing standardized test pits, located in Grand Junction, Colorado. Probe work was performed by Century Geophysical and Jet West Geophysical Services. In situ uranium grade, expressed as equivalent U3O8 ("eU3O8"), is calculated using uranium industry standard techniques for gamma log interpretation. Down-hole gamma log interpretation has historically been found to be an accurate representation of in situ grades for uranium mineralization in the San Rafael District as established by Atlas Uranium Corp. during their exploration and mining operations conducted in the District.

      The San Rafael Uranium Project is located 10 miles west of Green River, Utah. The area was the site of mining and exploration for uranium and vanadium from the mid-1950's until the early 1980's. Uranium mineralization in this District occurs as Trend-type Deposits within paleo-stream channels in the Salt Wash Member of the Jurassic Morrison Formation. Historically, the District produced over 4.0 million pounds of uranium and 5.4 million pounds of vanadium. Magnum has commissioned an external qualified geologist to perform 43-101 compliant reports on the three historic drill-defined resources on the property (the Down Yonder, Deep Gold, and 4484 deposits). These reports will be released as they are completed.

      John R. Carden, Ph.D., P. Geo., a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information in this release.

      About Magnum

      Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Wyoming, Utah, Idaho, and New Mexico, as well as in Canada's Athabasca Basin.

      ON BEHALF OF THE BOARD
      "Craig T. Lindsay"
      President & CEO

      For additional information please contact:
      Tel: 604.683.2505 Fax: 604.683.2506
      E-mail: info@magnumuranium.com

      THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

      This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
      Avatar
      schrieb am 14.02.08 10:09:48
      Beitrag Nr. 14 ()



      Tuesday, February 12, 2008
      Magnum Uranium Completes 80% Earn-in on San Rafael Joint Venture


      --------------------------------------------------------------------------------

      VANCOUVER, B.C. - Magnum Uranium Corp. ("Magnum" or the "Company") is pleased to announce that it has completed, ahead of schedule, the terms of its Joint Venture agreement with Energy Metals Corporation (a subsidiary of Uranium One Inc.) on the 6,000 acre San Rafael property located in the San Rafael District of Emery County, Utah, and the 360 acre Wild Buck property located in Converse County, Wyoming. The terms of the Joint Venture were announced in a press release dated December 5, 2006. As a result, Magnum now owns an undivided 80% interest in these two mineral properties.

      Under a Primary Option, Magnum earned an initial undivided 65% interest in the properties by completing US$1.0 million in work expenditures and issuing 600,000 Magnum common shares. Magnum's aggressive 2007 Phase I and II drill programs at San Rafael enabled the Company to secure its 65% interest approximately 3 years ahead of schedule. Magnum subsequently exercised a Secondary Option to earn an additional 15% interest in the Joint Venture by issuing an additional 250,000 common shares.

      The San Rafael Property contains several historic drill-defined deposits as previously announced and has commissioned Laurence Pancoast, P.Geo., to complete NI 43-101 resource reports that will be released over the next few months. Additionally, Magnum is in the process of permitting an aggressive 2008-2009 drilling program with the Utah Department of Oil, Gas and Mining and with the Bureau of Land Management. The Company is currently in the process of conducting a Cultural Resource Evaluation in conjunction with this permitting. Details of the drilling program will be released as they become available.

      ON BEHALF OF THE BOARD

      "Craig T. Lindsay"
      President & CEO

      For additional information please contact:
      Tel: 604.683.2505 Fax: 604.683.2506
      E-mail: info@magnumuranium.com

      THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISSAPROVED OF THE CONTENTS HEREIN
      Avatar
      schrieb am 26.03.08 09:02:58
      Beitrag Nr. 15 ()
      www.24hgold.com/viewcompanyarticle.aspx?langue=en&articleid=…

      "Press Release Source: Magnum Uranium Corp.

      Magnum Issues First NI 43-101-Compliant Uranium Resource on a Portion of its San Rafael Project, Utah
      Tuesday March 25, 2:04 pm ET

      VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 25, 2008 -- Magnum Uranium Corp. ("Magnum") (CDNX:MM.V - News) is pleased to announce that it has completed, and filed with SEDAR, a National Instrument Policy 43-101 ("NI 43-101") Mineral Resource Technical Report for the "Down Yonder" deposit portion of its San Rafael Uranium Property, Emery County, Utah. The Down Yonder is one of a number of known uranium deposits contained within Magnum's larger 6,000 acre San Rafael Uranium Project area that comprises a JV with Energy Metals Corp. (a subsidiary of Uranium One Inc.) and which Magnum has recently earned an 80% interest in (see press release dated Feb. 12, 2008). The Down Yonder Mineral Resource Report covers only that portion of the Down Yonder deposit contained in the State Section 36 Mineral Lease Area, which comprises only about 10% of Magnum's entire San Rafael land holdings, the western part of which constitutes the core of the historic San Rafael Uranium Mining District near Green River, Utah. The Down Yonder Mineral Resource Report estimates an Indicated mineral resource of 729,100 pounds of U3O8 contained in 199,100 tons at an average grade of 0.183% eU3O8 and an additional Inferred mineral resource of 1,071,100 pounds of U3O8 contained in 292,900 tons at an average grade of 0.185% eU3O8. The following table is a summary of the Indicated and Inferred resource using a 0.25 GxT cutoff:



      --------------------------------------------------------------------------
      Average Grade
      Category Pounds U3O8 Tons % eU3O8 Pounds/Ton
      --------------------------------------------------------------------------
      Indicated Resource 729,100 199,100 0.183 3.66
      --------------------------------------------------------------------------
      Inferred Resource 1,071,100 292,900 0.185 3.70
      --------------------------------------------------------------------------
      1,800,200 492,000 0.184 3.68
      --------------------------------------------------------------------------

      ADVERTISEMENT
      The 43-101 table above provides an Indicated and Inferred resource estimate of 1,800,200 pounds at an overall average grade of 0.184% U308, which is within the range of the amount of uranium contained in seven historic NI 43-101 non-compliant resource estimates performed by the Atomic Energy Commission, Conoco, Union Carbide, and Atlas Minerals on the Down Yonder between 1970 and 1981. Furthermore, the average grade of 0.186% U308 of the seven historic estimates matches almost exactly the average grade calculated for Magnum's NI 43-101 compliant resource estimate.

      The Down Yonder NI 43-101 Mineral Resource Technical Report was prepared by Laurence E. Pancoast, Prof. Geol. #790, State of Idaho, who is a Qualified Person under National Instrument Policy 43-101. Mr. Pancoast's experience spans a period of nearly 30 years, mostly pertaining to uranium and precious metals exploration and property evaluation and development. Mr. Pancoast is particularly experienced in uranium exploration and development, having been employed by Pan Ocean Oil/Marathon Resources and Cruson and Pansze.

      Methodology and Mineral Resource Estimation

      Mineralization on the Down Yonder deposit is typical of peneconcordant, channel-controlled trend type mineralization hosted in an upper Salt Wash Member sandstone of the Jurassic Morrison Formation. The new resource estimate is based on 32 historic exploration drill holes completed by senior mining companies, mostly Conoco, on the State Section 36 Mineral Lease Area of the Down Yonder deposit. Historically, it is estimated that approximately 160,000 feet of drilling, comprising both RC and core, mostly by Conoco and spread among 151 holes, was conducted on the Down Yonder deposit. This drilling consists of 119 holes placed in the State Section 36 Mineral Lease area, where the resource exists, and another 32 holes placed in adjacent Section 35, where a subsidiary and mostly unexplored part of the deposit exists. Magnum owns this exploration drilling data, which includes drill hole gamma logs, drill hole location maps, isopach maps, copies of original computerized printouts of mineralized zones broken out by 0.5-foot intervals, and numerous historical internal company memos and resource estimate reports. Also in Magnum's possession are Atlas Minerals in-house memos detailing underground mining costs and economic scenarios (in 1980 dollars) pertaining to sinking either a decline or shaft to mine the deposit. Historically, the San Rafael Uranium District was mined by conventional underground methods, producing some 4 million pounds of uranium and 5.4 million pounds of vanadium.

      In the Mineral Resource Report, uranium grade is expressed as weight percent eU3O8, which is defined as a radiometric equivalent calculated from calibrated natural gamma geophysical logs. Radiometric equilibrium was assumed based on the history of the district. For the mineral resource estimates, polygons were constructed around every hole containing mineralization with a GxT value of greater than or equal to 0.25. Polygons were constructed so that their sides were half the distance to the nearest hole. Resulting individual polygons define the area of influence surrounding each hole. Mineralization occurring within 100 feet from the hole collar is considered Indicated, whereas mineralization between 100 and 150 feet from the hole is considered Inferred. Thickness and grade of the mineralized intercepts were assigned to each polygon for determining tonnage, with an assumed tonnage factor of 133.3 pounds per cubic foot or 15 cubic feet per ton. Previous estimates performed assumed a denser 14 cubic feet per ton. Historical drilling was mostly conducted on a 200 foot by 200 foot grid. In-fill drilling will be required to tighten the hole spacing in order to bring much of the Inferred portion of the resource into the Indicated category. Based on the above and as further indicated in the technical report, Mr. Pancoast writes, "the resource estimate given in this report is considered to be conservative."

      John R. Carden, Ph.D., P. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this news release.

      ABOUT MAGNUM

      Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Utah, Wyoming, New Mexico, and Idaho, and in Canada's Athabasca Basin.

      ON BEHALF OF THE BOARD

      Craig T. Lindsay, President & CEO

      This new release does not constitute and offer to sell or a solicitation of any offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act). Or any state securities laws and may not be offered or sold within the United States or to U. S. Persons unless registered under the U.S. Securities Act and applicable state securities, laws, or an exemption from such registration.



      The TSX Venture Exchange has neither approved or disapproved of the contents herein.


      Contact:

      Contacts:
      Magnum Uranium Corp.
      Craig T. Lindsay
      President & CEO
      (604) 683-2505
      (604) 683-2506 (FAX)
      Email: info@magnumuranium.com
      Website: http://www.magnumuranium.com


      Source: Magnum Uranium Corp."
      Avatar
      schrieb am 07.08.08 01:13:37
      Beitrag Nr. 16 ()
      Magnum starts Down Yonder mineralogical work

      2008-07-31 11:58 ET - News Release

      Mr. Craig Lindsay reports

      MAGNUM URANIUM ANNOUNCES SAN RAFAEL PROJECT UPDATE

      Magnum Uranium Corp. has initiated a hydrogeologic and mineralogical program for the Down Yonder uranium deposit on July 25, 2008. The program is designed to be the first step in determining whether uranium in-situ recovery (ISR) extraction processes are technically feasible.

      The Down Yonder uranium deposit exists as part of the company's larger San Rafael uranium project located in Emery county, Utah. The Down Yonder was originally discovered by Continental Oil (Conoco) geologists in the late 1960s and early 1970s as result of exploration drilling conducted east of the core of the Tidwell uranium district and north-northeast of the Acerson mineral belt. The Tidwell and San Rafael uranium districts have been the site of considerable historic exploration and drilling and production, with over four million pounds of uranium and 5.4 million pounds of vanadium produced. A recent Magnum press release in Stockwatch (March 25, 2008) announced the completion of a National Instrument Policy 43-101 mineral resource report that estimates an indicated mineral resource of 729,100 pounds of U3O8 contained in 199,100 tons at an average grade of 0.183 per cent eU3O8 and an additional inferred mineral resource of 1.07 million pounds of U3O8 contained in 292,900 tons at an average grade of 0.185 per cent eU3O8. Although historical mining in the district has been conducted using conventional techniques, the possibility that in situ recovery (ISR) techniques for extraction of sandstone hosted uranium at the Down Yonder may be possible. The following phase I prefeasibility study is being conducted to determine if ISR is technically feasible.

      Project activities include a drilling program and aquifer testing program. The drilling program will include geological and geophysical logging of drill holes and collecting representative cores for geotechnical and geochemical testing. Specifically, the drill core samples will be subjected to "bottle roll" preparation and extraction procedures. Initially, hydrogen peroxide will be used during the bottle roll procedure as a lixiviant. Analytes to be evaluated include iron, vanadium, arsenic, selenium, molybdenum and sulphur. Additionally, representative core samples will be analyzed for vertical and horizontal permeability, gradation and density.

      The aquifer testing program will consist of installing and developing a groundwater production well and four observation wells in selected drill holes, collecting and analyzing groundwater samples, and performing an aquifer pumping test. The wells will be permitted, designed, completed, developed and tested in accordance with the Utah Department of Minerals and Geology regulations and guidelines.

      The wells will be designed to evaluate the hydraulic characteristics of the uranium mineral-bearing aquifer within the limited study area. The wells will be drilled to an average depth of 975 feet where groundwater production is anticipated to produce water at a rate exceeding 50 gallons per minute. Water samples will be analyzed to define background water quality characteristics.

      Data will be analyzed to determine potential uranium extraction efficiencies as well as determining if potential environmental concerns may arise from mobilizing metals in the event ISR technology is deemed to be economically and technology feasible.

      Magnum has entered into a contractual arrangement with R Squared Inc. (R2), a respected Denver-based environmental engineering firm, to perform the ISR feasibility evaluations. R2 will work in conjunction with and under the supervision of Magnum's qualified management team.

      Drilling is anticipated to commence in August and aquifer and laboratory testing will occur in late September and early October. Preliminary results from the program are anticipated to be available by the end of October.

      "If ISR is technically feasible at San Rafael, it would greatly impact the economics of the deposit in a positive sense and expedite the production time horizon of this project," said Magnum president and chief executive officer Craig Lindsay. "Next year, Magnum will be looking at this same process for our uranium deposits located near the Smith Ranch in the Powder River basin sands of Wyoming."

      John Carden, PhD, PGeo, a qualified person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this news release.
      Avatar
      schrieb am 20.09.08 12:25:45
      Beitrag Nr. 17 ()
      CORRECTION FROM SOURCE: Magnum Issues Revised NI 43-101-Compliant Uranium Resource on the Deep Gold Portion of Its San Rafael Project, Utah - Sept. 18, 2008www.mineralstox.com/stocks/company.asp?qmnewsid=819516259&Pa…


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      Magnum: 2007 ein möglicher Uranstar!