| 1968-1980
(SDBJ, MRNFQ, part of the Quebec Government) |
• |
1+
million lake-bottom sediment samples taken from James Bay Territory |
| • |
«Wet»
geochemical analysis, including uranium (C$ 20+ million) |
| • |
Geological
mapping by the SDBJ / MRNFQ Dr. Kamal Sharma, Marc Beaumier |
• |
Kilometric-sized
geochemical anomalies defined |
Between
2003-2006 |
• |
MRNFQ
re-analyzes samples from James Bay Territory- Beaumier databases
created |
• |
Vendor
initiates uranium staking in December 2006 |
February
5, 2007 |
• |
Signs
agreement to acquire 2 uranium properties in the James Bay Region
of Northern Quebec |
April
17, 2007 |
• |
Closes
15 M units ($1.5 million) private placement (1 unit = 1S + 1W);
exercise terms @ $0.18 (4.10.2007) or $0.25 (4.4.2008) |
April
24, 2007 |
• |
Completes
100% acquisitions of the Uskawanis Uranium Property
(U.U.P) and the Kauschiskach Uranium
Property (K.U.P) for $430,000
cash and 9 million shares |
April
25, 2007 |
• |
Submits
NI 43-101 Technical Reports on the 132 km2 U.U.P.
and on the 76 km2 K.U.P. |
May
29, 2007 |
• |
Closes
8 million units flow-through financing ($2 million) with MineralFields
Group (1 unit = 1S +1W); exercise terms @ $0.30 during the first
6 months, increasing by $0.10 during each of the following three
6 months periods |
June
4, 2007 |
• |
Initiates
uranium exploration program on the U.U.P. |
June
27, 2007 |
• |
Company
name change to Uranium Bay Resources Inc. (TSX-V: UBR) |
July
4, 2007 |
• |
Completes
100% acquisitions of 197 uranium claims (98 km2) on 5 properties
in Wakeham Basin
(North-Shore, Quebec) for $246,500 cash and 2.462 million shares |
July
19 to 31, 2007 |
| • |
UBR
announces initial U308 results from U.U.P.;
chosen grab surface samples return results over 1%
U308 (20.5 lbs / ton); above average total radioactivity
up to 65,535 cps (ground spectrometer readings); with additional
results obtaining up to 1.03 %
U3O8 (20.5 lbs / ton) and up to 0.15
% U3O8 (3.0 lbs / ton) |
| July
31, 2007 |
| • |
UBR announces
increases of the U.U.P
property to 314 km2 from 132 km2 and of the K.U.P.
property to 90 km2 from 76 km2. |
| August
- September 2007 |
| • |
Drilling
program planning, construction of winterized camp. |
| October
1, 2007 |
| • |
Reception
of final version of airborne data on the U.U.P
and the K.U.P. concessions.
K.U.P. airborne
radiometric and magnetic survey identify large scale uranium targets
similar to those found on U.U.P |
| October
5, 2007 |
| • |
9,525,000
warrants @ $0.18 exercised: Funds received $ 1,714,000 |
| October
29, 2007 |
| • |
Helicopter
- supported diamond drilling begins. |
| November
28, 2007 |
| • |
Preliminary
down-hole radiometric logging confirm that the U.U.P
concession contains radio metrically active pegmatite's. |
| December
10, 2007 |
| • |
Fall
diamond drilling campaign on U.U.P
is wrap-up. 25 drill hole for 3,624 metres completed. 231 drilling
core sample sent to ALS-Chemex laboratory for analysis. |
| January
22, 2008 |
| • |
UBR announces
initial U308 results from Wakeham concession fall prospecting
program; 21 chosen grab surface samples return results up to 0.51
% U308 (10.2 lbs / ton). Work was concentrated
on a 14.85 km2 target area identified by an helicopter-borne. |
| February
1, 2008 |
| • |
UBR retains
consulting geophysics Geoff Campbell, of GAP Geophysics (Pty)
Ltd of South Africa, and mandates him to select and prioritize
key uranium radiometric anomalies and targets for 2008 drilling
program. |
| February
14, 2008 |
| • |
Uranium bay
receives first assay results for U.U.P.
fall drill campaign; geochemical results from drill-hole usk-02
confirm intersects of U308 mineralization
over significant length: 76 ppm
over 95 metres including 16 metres at 100 ppm. |
| CONCLUSION:
|
| • |
THE
USKAWANIS URANIUM PROPERTY HAS A RÖSSING TYPE MINERALIZATION |
| |
|
| |
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