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Golden Dory/540 Capital Corp. Enters Into Agreement with Cameco Corporation on the Burin Uranium Project, Newfoundland.

Publication: M2 Presswire
Publication Date: 01-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-1 October 2008-Golden Dory Resources Ltd.: Golden Dory/540 Capital Corp. Enters Into Agreement with Cameco Corporation on the Burin Uranium Project, Newfoundland(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:01102008

Gander, Newfoundland CANADA -- Golden Dory Resources Ltd. (FA - TSX Venture), is pleased to announce that it has signed a letter of intent with Cameco Corporation ("Cameco") to jointly explore the Burin uranium project on the southern Burin Peninsula of Newfoundland. The Burin project is host to newly discovered uranium mineralization and includes recently announced (see news release dated September 26, 2008) grab sample assay values of up to 1.886% U3O8.

The letter of intent provides Cameco with an option to earn an aggregate 65% interest in Golden Dory's 100% owned,...

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