The CMB JV project is a joint venture with Silver Spruce Resources, whereby Crosshair retains a 63% ownership and Silver Spruce 37%.
During the summers of 2009 and 2010, geological mapping, prospecting and sampling programs were conducted to evaluate priority targets generated from airborne geophysical and ground geochemical surveys.
Several new uranium showings were discovered and these will be followed up during the 2011 summer drilling and trenching program.
Two of the new targets, South Brook and Running Man, were found on the CMB-JL Property, which is located directly to the west of the Jacques Lake deposit, recently purchased by Paladin Energy from Aurora Energy/Fronteer Development Group.
Forty Six samples from the South Brook Showing gave results ranging from 0.03% to 0.46% U3O8, averaging 0.11%.
The showing is outlined by anomalous float and bedrock occurrences for approximately 3.5km.
The Running Man Showing is located approximately 5.5km southeast of the South Brook Showing and consists of a 2km long, linear airborne radiometric anomaly where 21 samples gave values from 0.03% to 0.28% U3O8.
The Big Bear Showing is located on the CMB-NE Property, approximately 20km northeast of CMB-JL.
The showing, in a 1.25 km long corridor of anomalous bedrock radioactivity, is hosted in altered granitic rocks and gave results ranging from 0.02% to 0.1% U3O8, averaging 0.06%.
