The Company

Uranium Bay Resources Inc. is a Canadian-based junior exploration company focused on delineating large scale Uranium deposits.

Our development model is simple. We discover and advance exploration targets with strong production potential. We invest in projects located in advantageous geo-political regions providing both low technical risk, and the potential for big, robust, economically important deposits.

The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis property, the 90 km2 Kauschiskach property, both located in the James Bay area of northern Quebec, and five properties totaling 98 km2 in the Wakeham area, in eastern Quebec.

Our most advanced project, the Uskawanis property is being prospected for a Rössing type uranium mineralization.

The Rössing uranium model

The Rössing deposit is a very large low grade, essentially mono-mineralic uranium deposit (with associated thorium) that is mined as an enormous open-pit operation. The principal exploration target is multiple large intrusive mineralized alaskites (pale/white pegmatites). These pegmatites must be intruded in close proximity to each other to generate sufficient mining tonnage. Individual dykes may be up to 20-30 meters in thickness and mining volume can only be created by many dykes in close proximity as is the case at Rössing.

This type of deposit will give widespread airborne radiometric anomalies for uranium and thorium as mineralized pegmatites can be spread over a large area. In general however, it is anticipated that several core areas will be identified where the uranium grade is highest and dykes are more abundant.

Average uranium levels in a granite may be as high as 3 to 4 parts per million (3 to 4 ppm). Uranium levels in alaskitic pegmatites that are x25 background (between 75 ppm to 100 ppm) are significant and indicative of Rössing type mineralization.

Currently (2007), Rössing mine average grade is around 0.032% or 320 ppm U308, but at current uranium prices, it is understood that Rössing mines can economically mine a grade as low as 80 ppm.

Uskawanis property results to date

Work completed on a small section of the Uskawanis property seems to confirm our working hypothesis that the Uskawanis property contains a Rössing type mineralization.

Down-the-hole radiometric logging and geochemical results from drill-hole USK-02 confirm intersects of U308 mineralization over substantial widths with 76 ppm over 95 meters (1-96) including 16 meters at 100 ppm (77-93).

Radiometric anomalies identified from ground and airborne surveys have been found on granites/pegmatites over a large part of the project area.

25 drill-holes have been logged and many have radiometrically active pegmatites demonstrating mineralization in the third dimension.

Logging of drill-holes has shown extensive metasomatism (complete alteration of rock due to mineralized fluids) typical of the Rössing deposit.

Uranium mineralization has been shown associated with multiple dykes (dyke swarms).