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|  Project Highlights
Location and History The Two Time Zone is located approximately 17 km to the northwest of the C Zone in the Central Mineral Belt, Labrador. It is the most advanced prospect in the package of approximately 4000 claims that was acquired from Universal Uranium in July 2008. Crosshair has a 60% interest in these claims, while Silver Spruce Resources has retained a 40% interest. A recently completed independent NI 43-101 resource estimate was carried out based on drilling up to Feb. 4, 2008. The report estimates an 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). Geology The Two Time Zone has a current strike length of 475 metres and remains open to the south and to depth. Mineralization is hosted by altered, brecciated, and fractured granitic rocks of the late-Archean Kanairiktok Intrusive Suite. Chlorite, carbonate, hematite, and albite alteration predominates. This is the first occurrence of significant uranium mineralization in these rocks. Previous Exploration Work The Two Time Zone was discovered following an airborne radiometric survey completed by Universal Uranium/Silver Spruce Resources in 2006. Follow-up work included prospecting, soil and stream geochemistry, scintillometer surveys and hand trenching. This helped to further identify potential targets for subsequent drilling. To date 41 holes have been drilled on the JV Property, 40 of which targeted the Two Time Zone. A single hole tested a RadonEx soil anomaly located north of the Two Time.
Significant Drill Results:
Future Exploration Work A comprehensive drill and ground exploration program will be designed following extensive database compilation. Technical Reports Click here for complete NI 43-101 report | | |||||
