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

Standard & Poor's Releases an Updated Factual Stock Report on Uranium Explorer Cash Minerals Ltd.

Posted on: Wednesday, 11 July 2007, 15:05 CDT

Standard & Poor's announced that it has released an updated Factual Stock Report on Cash Minerals Ltd.

Cash Minerals Ltd. (TSX-V:CHX) is an emerging energy company focused on uranium exploration. Under an agreement with Mega Uranium Ltd., Cash Minerals has the option to earn a 75% interest in uranium projects located in various parts of the Yukon. These highly prospective projects include numerous iron-oxide copper-gold (IOCG), structurally-controlled hydrothermal uranium targets.

This year, Cash Minerals has earmarked more than $15 million dollars for uranium exploration in the Wernecke Uranium District, located in Canada's Yukon Territory. This program, which includes five drills, focuses on defining a resource at one or more properties in the Wernecke Uranium District. Properties identified for resource definition include Lumina and Igor. In 2006, drilling at the Lumina property intersected 0.030% uranium oxide (U3O8) over 21.71 metres and 0.287% U3O8 over 2.15 metres. Drilling is currently underway at Lumina.

The geology at the Igor property is modeled after the Olympic Dam, the world's largest copper-uranium mine, located in Southern Australia. In 2005, drill results at Igor intersected 74.44 meters of 0.07% U3O8 and 1.88% copper. In 2007, drilling at Igor will test the copper-rich U308 intersection discovered in 2005, as well as a gravimetric anomaly identified during the 2006 exploration season.

Cash Minerals is also exploring and developing coal properties in the southwest Yukon Territory. The company's Division Mountain project has a measured resource of 52.5 million tons of high volatile 'B' bituminous coal. The potential exists to provide this coal as feedstock for a mine-mouth power station. Cash Minerals is also pursuing the development of a coal mine in China that would provide feedstock to an adjacent coal-to-liquids plant, which would utilize the Fischer-Tropsch process to convert coal into clean-burning fuel.

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor's service provides factual research coverage enabling information about Cash Minerals Ltd and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Source: Business Wire

More News in this Category