Bayswater's Revised News Release on Tejana Mesa Property, New Mexico.OTC OTC
See over-the-counter market (OTC). : BYSWF) is pleased to report the following update on its Tejana Mesa property and immediate region, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , which collectively has potential to host 15 to 45 million pounds U3O8 according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a report by the New Mexico Bureau of Mines and Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals
natural resource, natural resources - resources (actual and potential) supplied by nature (Note: This stated potential quantity is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource. No grades are referenced in the report; however, typical grades for roll front type uranium deposits in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century range from 0.05% to 0.30% U3O8). Company geologists believe the more highly prospective areas for uranium mineralization Mineralization
The process by which the body uses minerals to build bone structure.
Mentioned in: Rickets
n the bioprecipitation of an inorganic substance. occur on Bayswater land holdings.
The Tejana Mesa property is located in Catron County, New Mexico Catron County is a county located in the U.S. state of New Mexico. As of 2000, the population is 3,543. Its county seat is Reserve6. Catron County is the largest county, by area, in New Mexico. , USA in an historic uranium producing region. Bayswater holds an option to acquire a 100% interest in 127 claims and owns a 100% interest in an additional 1,570 staked claims comprising 33,940 acres. The project covers favourable sandstone units along a 20 mile long portion of the margin of the Colorado Plateau--known for its uranium deposits, many of which were previously in production. Extensive drilling was completed in the region during the late 1960's to early 1980's by major companies including Ranchers Exploration, Occidental oc·ci·den·tal or Oc·ci·den·tal
Of or relating to the countries of the Occident or their peoples or cultures; western.
A native or inhabitant of an Occidental country; a westerner.
Noun 1. Minerals, Wold Nuclear, Pioneer Nuclear, Energy Reserves and Federal American Partners, as well as Gulf Minerals who drilled over 900 holes. The focus of this drilling was for shallow mineralization, along the leading edge of on-lapping Cretaceous sediments. Drilling identified a small historical resource, not compliant with NI 43-101 standards and not to be relied upon, at the Red Basin Mine area, not within but adjacent to Bayswater's claims, that is reported to comprise 1.6 m lbs uranium grading 0.31% U3O8; and, identified a number of uranium mineralized min·er·al·ize
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es
1. To convert to a mineral substance; petrify.
2. To transform a metal into a mineral by oxidation.
3. areas in the aggregate along a 20 mile belt. Some of the latter mineralized areas are within Bayswater's land holdings.
The larger scale potential of the region is believed to be primarily down dip of the sequence which is mainly covered by land held by Bayswater. The down dip potential, as reported by others in available technical reports, is considered to be at the water table interface for transported roll fronts at depths from about 200 ft to 1,000 ft--a target that has never been drill tested. These reports suggest potential for 15 to 45 million lbs of uranium in transported roll fronts (Note: This stated potential quantity is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource).
An independent compilation by World Industrial Minerals of limited available data has led to identifying several down dip targets that are recommended for drill testing. These targets are along the down dip trends of channels and known near surface mineralization where evidence suggests considerable leaching of roll front mineralization--a condition favourable for potentially depositing transported roll front mineralization down dip.
According to a 1981 report by the New Mexico Bureau of Mines and Mineral Resources, the Tejana Mesa area has potential for 15 to 45 million pounds U3O8 in an area of 80 sq. miles, of which about 70%, including the more highly prospective portion, is within Bayswater claims (Note: This stated potential quantity is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource).
"Bayswater is seeking a partner in order to evaluate the Tejana Mesa property. This would enable us to continue to explore and advance our core, advanced-stage projects in the US while at the same time advancing one of our most interesting early-stage projects," stated Bayswater president, George Leary. "In addition, the Company is seeking partners to advance early-stage drill targets on its Brudell Lake and Collins Bay Extension projects in the Athabasca Basin The Athabasca Basin is a region of Northern Saskatchewan and Alberta Canada that is best known as the world's leading source of uranium. It currently supplies about 30% of the world's uranium.
The basin is located just to the south of Lake Athabasca. ; North Thelon project in Nunavut; and on its Labrador Central Mineral Belt holdings. To further the main focus of the Company on acquiring advance-stage uranium projects in the US, we're also evaluating several exciting acquisition opportunities that would add to our asset base and fuel our growth."
For further information on these projects, interested parties should visit the Company's website at www.bayswateruranium.com, or contact Gord Davidson, VP Exploration--Canada or Victor Tanaka, COO.
About Bayswater Uranium Corporation - The Super Junior Uranium Company( TM)
Bayswater Uranium Corporation is an international uranium exploration and development company. The Company owns several advanced uranium properties in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with significant historical resources that may be amenable to ISR (Interrupt Service Routine) Software routine that is executed in response to an interrupt. and/or conventional mining. As well, Bayswater is the only uranium company to have major landholdings in each of Canada's most important producing and exploration regions - the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin. Bayswater combines a balanced portfolio of advanced and exploration projects with the uranium expertise of its technical and managerial teams. To capitalize on Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. current market conditions and strong growth of the nuclear industry, the Company is pursuing acquisition opportunities of advanced-stage uranium projects with near-term production potential. Bayswater's vision is to build a major international uranium company. Shares of the Company are listed on the TSX Venture Exchange TSX Venture Exchange
Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "BAY". For further information visit www.bayswateruranium.com.
On behalf of the Board of:
BAYSWATER URANIUM CORPORATION
George M. Leary
President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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|Date:||Jun 29, 2009|
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