CanAm Uranium Corp. engages in the exploration of natural resource properties. The company holds an option to acquire up to 80% interest in 8 Bancroft Uranium Projects comprising 37 mineral claims covering an area of approximately 9,765 acres, located in the Bancroft area of southeastern Ontario in Canada. It also has options to acquire a 100% interest in BALD and OYAMA claims covering 1,037 hectares located in the Province of British Columbia, Canada; and Wheeler-Beckett claims consisting of 11 contiguous claims, which cover approximately 51,100 hectares of real property, located on the eastern edge of the Athabasca Basin, Province of Saskatchewan, Canada. CanAm Uranium was founded in 2004....
CanAm Uranium Corp. Announces Bancroft Drilling Results of 2007
04/7/2008
CanAm Uranium Corp. reported operating results for the year 2008. The new results announce the existence of anomoulous radioactivity in the Amalgamated Rare Earth #2 property, which was wide spread in pegmatite. A weighted average of 0.07% grade U3O8 was calculated from all 95 samples from radioactively anomolous drill core. Results suggest from Amalgamated Rare Earth #2 that a uranium resource at a grade of 0.07% U3O8 might be established in the pegmatites on the property. Second Drill Target: The drill was moved to the second target, the Amalgamated Rare Earth project (ARE). Between 1952 and 1957, diamond drilling and underground development identified three zones of uranium mineralization in pegmatite, and a shaft was sunk on the Main zone to 440 feet, with a total of 5,871 feet of underground development completed at three levels. In 1957, the resource was estimated at 292,444 tons at a grade of 0.095% (1.9 pounds per ton)--not compliant with 43-101. Other targets: Silver Crater, Baumhour, Campbell Occurrence. This property is composed of five claims totaling approximately 1,789 acres, and is located in Faraday township. Three uranium showings have been found on this property. The first is a 200-foot-long exposure, with uranium-bearing pegmatites one foot to five feet wide and 20 feet long. The second showing consists of uranium-bearing pegmatites six feet to 18 feet wide and 170 feet long. The third is a discontinuous pegmatite dike which is at least 300 feet long.
CanAm Uranium Corp. announced delayed 10-Q filing
03/18/2008
On 03/18/2008, CanAm Uranium Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
CanAm Uranium Corp. Announces Management Changes
02/25/2008
Effective February 19, 2008, Peter Born resigned as a member of the Board of Directors of CanAm Uranium Corp. Effective February 19, 2008, Michael Hitch resigned as a member of the Board of Directors of the Company.
