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Project Highlights
The Bootheel and Buck Point Properties cover approximately 10,500 acres located within the Shirley Basin in Albany County, Wyoming. The centre of the Shirley Basin is about 35 miles south of Casper and 32 miles north of Medicine Bow. The properties are readily accessible year round by an extensive system of gravel and dirt ranching roads which extend from paved highways north and east of the town of Medicine Bow.
Claim Ownership In September of 2009, Crosshair completed the 75% earn-in of the Bootheel and Buck Point Uranium Properties from venture partner Ur-Energy Inc. (TSX: URE). In addition, Crosshair has a Mineral Lease and Surface Use Agreement with MJ Ranches Inc. to acquire MJ Ranches' 75% mineral interest on land contiguous with Bootheel Uranium Property. History The Bootheel Property was originally staked in 1958 by Kerr McGee Corp. In 1977, Cherokee Exploration Inc. (Cherokee) acquired the land package, as well as the Kerr McGee database and drilling from 1978 to 1981 partly delineated both shallow and deep sandstone mineralization. In 1995, Cherokee sold the project and database to Cameco who carried out limited drilling and evaluation of the in-situ recovery potential. Although the results were very favourable, Cameco abandoned the property in 1998 due to the low uranium price ($10 per pound). Total drilling on the property is estimated to be over 100,000 feet. The Buck Point Property was drilled in 1979 and 1980 by Cherokee and Mobil Oil Corp. No further work was carried out on the property until Target, (now a subsidiary of Crosshair), acquired the interest from UR-Energy.
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