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Article Excerpt
M2 PRESSWIRE-30 May 2008-SmallCapStockAnalyst.com: Bancroft Uranium Initial Assays Returned are Better than Expected(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:30052008
Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), PRIMUS Telecommunications Group (OTC BB: PRTL), Sino Fibre Communications, Inc. (OTC BB:SFBE) , Toro Ventures, Inc. (OTC BB:TORO), PhotoChannel Networks Inc. (OTCBB: PNWIF)
Featured Stock: Bancroft Uranium Inc (OTC BB: BCFT) Current Price (1.00) www.SmallCapStockAnalyst.com
Bancroft Uranium Initial Drilling Results, Monmouth Uranium Project
Scottsdale AZ, May 29, 2008 ---- Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") today is pleased to announce the first drilling results from the Spring 2008 surface drill program being conducted at the Monmouth Uranium Project, near Bancroft Ontario. Noteworthy assay results from the first 13 holes are outlined below.
The 2008 Exploration Phase 1 drill program commenced on February 25th and was designed to focus on areas in and around the historical drill results from the 1969 program bringing it into modern N.I. Policy 43-101 compliance, a recognized world mining standard. The drilling is also designed to extend the known strike length of the skarn which hosts the uranium mineralization with the aim of expanding the current estimated 1,800,000 lbs U3O8 potential at Monmouth.
Initial drill assays and intervals are from holes drilled from the most southwesterly exposure of the host rock skarn (altered limestone) and are spaced approximately 100 feet apart. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:
08-1 0.803 lb/12.5 from 55.3 to 67.8 feet in skarn, 0.344 lb/30.5from 182.1 to 212.6 feet in pegmatite and 0.805 lb/13.8 from 276.2 to 290.0 feet in skarn including 1.02 lb/9.3 from 280.7-290.0 feet. Visible uraninite was noted08-5 0.139 lb/34.8 from 235.6 to 270.4 feet in pegmatite08-6 0.466 lb/10.0 from 16.0 to 26.0 feet in pegmatite08-7
0.291 lb/7.9 from 44.0 to 51.9 feet in skarn with visible uraninite08-8
0.540 lb/60.6 from 15.0 to 75.6 feet in skarn08-9 0.596 lb/51.9 from 31.0 to 82.9 feet including 0.315 lb/14.9 from 31.0 to 45.9 feet and 0.923 lb/24.5...
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