Ryan Gibson, CEO of CanAm Uranium Corp., sent shareholders and interested investors the latest newsletter regarding his company’s latest events. The entire bulletin can be viewed below.
There are many reasons why CanAm Uranium Corp is excited about its current position in the world of Uranium Exploration, especially when one considers its location to world-class uranium exploration and mining camps such as Cameco and JNR Resources.
As the CEO of the Company, I am most excited about the Athabasca Basin projects and the proximity of Wheeler-Beckett to current work being performed by our neighbor JNR Resources. Therefore, I have taken the time to construct this message to our newsletter subscribers to outline why the momentum and property exploration within the Athabasca Basin is so important for our firm and its shareholders.
The most recent activity we are excited about is the work of JNR Resources, trading on the Toronto Stock Exchange as JNN. JNR Resources recently announced on the Way Lake Project that they have completed the 2007 Way Lake Exploration Program.
In addition, on October 30th 2007 JNR Resources announced “JNR Announces Purchase of Two Diamond Drills” (More Detail Here). The significance of the purchase is the commitment of JNR to continue to drill the properties directly inline with our flagship Athabasca Basin Property. The properties mentioned included, 2007-08, drilling programs planned on the Way Lake, Black Lake, Newnham Lake and Yurchison Lake projects. This positive momentum was likely part of the results listed in their November 1st 2007 announcement of the Completion of the 2007 Way Lake Exploration Program, and prior releases with regards to the ground work and exploration on the aforementioned properties.