| Exploration Highlights | ||
| Central Mineral Belt Project 2008 (Uranium) Over 60,000m has been drilled to date. The newly created Lonestar Division will spearhead an extensive exploration program on the southern portion of the Property planned for the summer of 2008. The Lonestar Division will test the largely unexplored southern half of the project and the Northstar Division will continue to increase the pounds of uranium at the C Zone and to define resources at other areas. The C Zone, Area 1, and Armstrong are believed to comprise a 4.5 km long mineralized zone. |
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| C Zone | ||
| • | Contains an NI 43-101 indicated resource of 3.19 million pounds of uranium (3.75 million tonnes at 0.04% U3O8) and an additional NI 43-101 inferred resource of 4.59 million pounds of uranium (6.32 million tonnes at 0.03% U3O8) |
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| • | New NI 43-101 resource calculation expected in summer 2008 |
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| • | Resource remains open along strike and depth | |
| Area 1 | ||
| • | Similar style of uranium mineralization and geologic setting to C Zone |
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| • | 2007 drilling returned excellent results | |
| New Targets | ||
| • | Drilling and exploration work identified several new targets: Armstrong, Croteau Lake, and Madsen Lake | |
| Golden Promise (Gold) and Victoria Lake (VHMS) | ||
| • | Golden Promise: drilling extended the Jaclyn Zone by more than 50% to 800m and the zone remains open along strike. |
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| • | Victoria Lake: drilling intercepted strong VHMS style altera- tion in volcanic rocks, potentially indicative of a proximal massive sulphide system. |
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| • | Golden Promise and Victoria Lake are slated for dividend spin-out for Crosshair shareholders. |
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| www.crosshairexploration.com | ||
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