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Shirley Basin Project (Target Division)
- Contains an NI 43-101 indicated resource of 1.48 million pounds of uranium (2.07 million tonnes grading 0.036% U3O8) and an inferred resource of 3.13 million pounds of uranium (4.00 million tonnes grading 0.039% U3O8)
- Exceeded the minimum mining threshold for uranium
- Preliminary bottle roll leach tests indicate uranium extraction of greater than 90%
- Uranium mineralization on the properties has the potential to be recovered by in-situ recovery methods
Juniper Ridge Project (Target Division)
- Crosshair has signed an agreement with Strathmore Resources (US) Ltd. to acquire 100% of the Juniper Ridge Uranium Property
- Contains an NI 43-101 indicated resource estimate of 5.2 M lbs of uranium (4.1 M tons at 0.063%)
- The project is located in uranium mining friendly Wyoming
Central Mineral Belt Uranium/Vanadium Project (CMB Division)
- Contains an NI 43-101 indicated resource of 5.19 million pounds of uranium (6.92 million tonnes at 0.034%) and an additional inferred resource of 5.82 million pounds of uranium (8.17 million tonnes at 0.032%)
- Contains an NI 43-101 indicated resource of 42.82 million lbs of vanadium (14.71M tonnes at 0.152% V2O5) and an additional inferred resource of 93.62 million lbs of vanadium (28.34M tonnes at 0.160% V2O5)
- Both resources remain open along strike and to depth
- Dominant land position in the Central Mineral Belt with approximately 65,879 metres of drilling completed in 366 holes
Central Mineral Belt Joint Venture (CMB Division)
- The CMB JV Project is a joint venture with Silver Spruce Resources whereby Crosshair retains a 63% ownership and Silver Spruce 37%
- Two Time Zone contains an NI 43-101 indicated resource of 2.33 million pounds of uranium (1.82 million tonnes grading 0.058% U3O8) and an additional inferred resource of 3.73 million pounds (3.16 million tonnes grading 0.053% U3O8)
- Resource remains open to depth and along strike to the south
Golden Promise Project (Gemini Metals Deivision)
- Jaclyn Main Zone contains an NI 43-101 inferred resource of 921,000 tonnes averaging 3.02 g Au/t (89,500 contained ounces of gold)
- Composite quartz vein zone up to 4 metres in true thickness characterized by coarse visible gold
- 7,220 metres of diamond drilling in 36 holes completed in 2010 with the objective of increasing the current gold resource
- A trenching and bulk sampling program produced a total of 313.59 ounces of gold and 23.05 ounces of silver with a back-calculated head grade of 5.59 g/t gold with an 80% recovery
South Golden Promise Project (Gemini Metals Deivision)
- Large land position in a highly prospective, emerging gold belt
- Surface assays up to 232 g/t gold
- Significant drill intercepts of up to 19.5 g/t gold over 1.15 metres including 63.3 g/t gold over 0.35 metres
- Project is host to Linda/Snow White Vein Zone - defined over 170 metres strike length and up to 5 metres wide - open in all directions
Victoria Lake Project (Gemini Metals Deivision)
- Project is adjacent to the Boomerang Deposit (Messina Minerals), a high grade precious and base metal rich VHMS deposit
- Three extensive (up to 2.5 kilometres long, 153 metres thick) VHMS style alteration systems identified on the project
- Un-sourced sulphide rich boulders on project assaying 6.5% zinc, 4.1% lead, 0.37% copper, 33.9 g/t silver and 1.02 g/t gold
Stewart Wallis, P.Geo., is President of the Company and a Qualified Person as defined by National Instrument 43-101 for the above mentioned projects. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Wallis has reviewed and is responsible for the technical information disclosed above.
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