WESTON, FL , Google (NASDAQ: GOOG), Peabody Energy (NYSE: BTU)
and XTO Energy Inc. (NYSE: XTO).
There is more positive news coming from Bancroft Uranium Inc.
(OTCBB: BCFT), and the company should have the attention of
investors and traders this morning. Yesterday the company issued a
press release announcing that the company is in the process of
reviewing potential acquisition opportunities in Southern
Africa.
Great news from the company! Bancroft President Paul Leslie
Hammond and the Company engineering team have just returned from a
three week property evaluation trip to Africa, during which,
Bancroft representatives were reviewing the potential for
participation in a uranium development project in Namibia. In
addition, the Company also reviewed the possibility of entering
into other commodity projects in South Africa and Zimbabwe. These
commodity projects are related to gold, platinum, manganese and
coal.
Mr. Hammond stated that he was "extremely pleased with the
quality and quantity of the opportunities presented to the Company
in Southern Africa. The overall potential to acquire a large
project at a reasonable cost is excellent. The uranium prospects in
Namibia are exceptional and Namibia is forecast to be the world's
leading exporter of uranium by 2015."
Last week the company reported further drilling results from the
Spring 2008 surface drill program conducted at the Monmouth Uranium
Project, near Bancroft Ontario. The 2008 Exploration Phase 1 drill
program commenced on February 25th and was designed to focus on
areas in and around the historical drill results from the 1969
program bringing it into modern N.I. Policy 43-101 compliance, a
recognized world mining standard. According to the press release,
the drilling is also designed to extend the known strike length of
the skarn which hosts the uranium mineralization with the aim of
expanding the current estimated 1,800,000 lbs U3O8 potential at
Monmouth.
To date, Company engineers have verified the location, thickness
and flat lying geometry of the uranium-bearing skarn system
intersected in the historical drilling. U3O8 assays have been
returned from both urananite-bearing bright orange-colored calcite
alteration in the skarn and from several pegmatite bodies in and
adjacent to the skarn package. Initial assay results from the skarn
rocks appear to validate the historical data. The geological
modeling of the deposit is now coming into focus with the
alteration zone rock package dipping at a fairly consistent 25-30
degrees, amenable to a potential open pit scenario.
All of Bancroft Uranium's exploration programs are designed and
supervised by Qualified Persons ("QP") under the N.I. Policy
43-101, who ensure that programs are carried out using current
industry "Best Practices." The spring 2008 drilling program was
supervised by Murray McGill P.Geo (QP). The NQ size core was logged
by Mr. McGill and split on-site. Half core samples were analyzed
using standard Delayed Neutron Counting (DNC) methods by Activation
Laboratories in Ancaster, Ontario. Activation Laboratories employs
rigorous in-house QA/QC procedures in the DNC process.
Bancroft will release a third series of drill results
shortly.
Investors are urged to monitor the progress of the company!
Prior to the latest press release, the stock closed Monday at
Seventy cents a share.
For an in-depth profile of Bancroft Uranium, visit
http://www.WallStreetNewsAlert.com/HotStocks/BCFT060908/default.aspx.
Google (NASDAQ: GOOG) down 1.6% on 5.2 million shares
traded.
Google's innovative search technologies connect millions of
people around the world with information every day.
Peabody Energy (NYSE: BTU) up 4.7% on 6.6 million shares
traded.
Peabody Energy is the world's largest private-sector coal
company, with 2007 sales of 238 million tons and $4.6 billion in
revenues. Its coal products fuel approximately 10 percent of all
U.S. electricity generation and 2 percent of worldwide
electricity.
XTO Energy Inc. (NYSE: XTO) up 2.9% on 5.2 million shares
traded.
XTO Energy Inc. is a domestic natural gas producer engaged in
the acquisition, exploitation and development of quality,
long-lived oil and natural gas properties in the United States. Its
properties are concentrated in Texas, New Mexico, Arkansas,
Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana,
Mississippi and Montana.
Market Commentary:
"The national average price of a gallon of regular gas rose 1.8
cents overnight to a record $4.023, according to AAA and the Oil
Price Information Service," stated Sonja Rudd in Wall Street News
Alert's daily commentary continued at:
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