CanAm Uranium’s (CAUI.OB) Halo Prospect at Bancroft has had a Rich Mineral History
CanAm Uranium Corp. (CAU.OB) is working a property, known as the Halo Prospect, in the Bancroft area of Ontario, Canada that has a rich mineral history. The Halo Property, located in Cardiff Township, is comprised of 12 claim units totaling 4,793 acres, which were staked over 6 uranium deposits. In 1955, 16 trenches and 27 diamond drill holes (5,064 feet total) were completed on the Pyroxenite Zone, and identified uranium mineralization occurring over a length of 800 feet. Drilling in this zone has cut sections grading 0.15 to 0.20% (3 – 4 lbs/ton) U308. In the South Zone, stripping and 23…