Quantcast
  • E-mail
  • Print
  • Comment
  • Font Size
  • Digg
  • del.icio.us
  • Discuss article

Endeavor Explorations Inc. - Don Lake Uranium Project - Uranium City, Saskatchewan, Canada Exploration Update

Posted on: Thursday, 19 March 2009, 00:03 CDT

OTC: BB Symbol: EAVR

Berlin WKN Number: A0M9U0

BELLINGHAM, WA, March 19 /PRNewswire-FirstCall/ - Endeavor Explorations announces it has located the Global Positioning coordinates (GPS) for the previous historical drilling program conducted on the Don Lake Project during the 1960's by Matrix Exploration Ltd. Based on this additional information the Company has made application with the Ministry of Mines in Saskatchewan, Canada to adjust the Company's drill permits for a winter drill program to reflect this additional information. The Company plans to test the high grade results obtained by previous Operators and test other drill locations. Approximately 600 meters of drilling is planned on the winter program. The Company will keep its shareholders updated on its activities as it proceeds forward on the Don Lake Project.

About the Don Lake Uranium Project

In the 1960's Matrix Exploration Ltd. undertook an exploration program. They drilled 3,937 feet in 26 diamond drill holes over three zones A, B and C. Nineteen of these holes contained radioactive sections, and significant values over mineable widths were intersected. The highest assay obtained was 10.7% U3O8 (9.08% U) from a 1-foot intersection in hole # 23. Drill hole # 23 is approximately 300 ft away from hole # 1, drilled by Eldorado in 1950, from which a 2-foot section averaging 2% U3O8 (1.7% U) was reported.

About Endeavor Explorations Inc.

Endeavor Explorations Inc. is a publicly trading junior resource exploration company, focused on its Uranium Properties near Uranium City, Saskatchewan, Canada. Seven former producing Uranium Mines are located on the Company land holdings. These former producing mines were closed abruptly in the 1960's due to depressed uranium prices which management believes is not the case today or the foreseeable future.

For further information or the view the report in it's entirety please visit the Company's web site at www.endeavorexplorationsinc.com

On behalf of the Board of Directors, Walter Stunder President & CEO

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the Company's mineralized uranium materials, timing of receipt of mining permits, production capacity of mining operations planned for properties in planned dates for commencement of production at such properties, revenue, cash generation and profits are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the spot price of uranium, weather conditions, operating conditions at the Company's mining projects, government regulation of the mining industry and the nuclear power industry, the world-wide supply and demand of uranium, availability of capital, timely receipt of mining and other permits from regulatory agents and other factors which are more fully described in the Company's documents filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company's forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No Stock Exchange has reviewed nor accepts responsibility for the adequacy or accuracy of this release.

SOURCE Endeavor Explorations Inc.


Source: PR Newswire

More News in this Category


Related Articles



Rating: 3.3 / 5 (4 votes)
Rate this article:
1/52/53/54/55/5

User Comments (0)

Comment on this article

Your Name
Text from the image
Comment
max 1200 chars
* All fields are required