HomeMy WebLinkAbout20073797.tiff Esther Gesick
From: Esther Gesick
Sent: Thursday, December 13, 2007 4:54 PM
To: 'alexisdesign6644@gmail.com'
Subject: RE: Endeavor Uranium Mining Co. aquires 10 mining claims in Colorado
Attachments: LEUraniumEmail.wpd; LEUraniumEmail.doc
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LEuraniumEmaiimpfu aniumEmail.doc
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Please see attached response.
Esther E. Gesick
Deputy Clerk to the Board
915 10th Street
Greeley, CO 80631
(970) 356-4000 X4226
(970) 352-0242 (fax)
Original Message
From: Bill Jerke
Sent: Wednesday, December 12, 2007 10:04 AM
To: Esther Gesick
Subject: FW: Endeavor Uranium Mining Co. aquires 10 mining claims in Colorado
Original Message
From: Alexis Hmielak [mailto:alexisdesign6644@gmail.com]
Sent: Wednesday, December 12, 2007 8:59 AM
To: Ami Wangeline; jimomara; Lilias Jarding; Liv Nordem Lyons; Loretta Bailey; Marina
Mayer; Robin Davis; Bette Cantor; Cynthia Burkhart; Howard Mike Williams; Jay Davis; Jeff
Parsons; Jim Woodward; Stu Hicklin
Subject: Endeavor Uranium Mining Co. aquires 10 mining claims in Colorado
http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=
20071211005221&newsLang=en
Endeavor Uranium Completes Acquisition of 10 Mining Claims
December 11, 2007 06:00 AM Eastern Time
<http://www.businesswire.com/news/google/20071211005221/en>
DENVER-- (BUSINESS WIRE <http://www.businesswire.com/> ) --Endeavor Uranium (OTCBB:EDVU)
today provided details surrounding the acquisition of mining rights to ten unpatented
claims in Colorado. These properties include the Old Mines claim, Salt Wash (consisting of
three deposits) and the Chinle properties with six deposits. Terms of the deal include the
issuance of 10, 000, 000 shares of Endeavor common stock and cash payments in excess of $1
million, according to the Company' s 8-K dated November 29th, 2007. Shares related to this
transaction have already been distributed, and result in approximately 65 million shares
outstanding.
The Old Mine (OM) uranium property is located in Paradox Valley in southwest Colorado. The
property is comprised of 238 unpatented lode mining claims that cover an area of
approximately 4,760 acres. OM lies within the western part of the Uravan Mineral Belt in
Colorado and includes about 4, 000 meters of outcrop strike length along the highly
productive Salt Wash. Previous mining and exploration drilling suggest that the
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mineralization continues for an additional 60 to 900 meters.
The Salt Wash uranium properties, located in southwestern Colorado near the Utah border,
hold excellent potential for the discovery and development of uranium deposits. The Salt
Wash area is comprised of three separate deposits, the Little Gypsum Valley, the
Morningstar and the Martin Mesa properties. Total uranium production in the vicinity of
Little Gypsum alone is in excess of 1250 tons, with each ton roughly equivalent to 80, 000
barrels of oil.
Lastly, the claims that make up the Chinle North and Chinle South Properties are in the
vicinity of the historic uranium mining communities of Moab and Monticello, Utah. The
Chinle properties are made up of six separate deposits which contain uranium
mineralization in outcroppings. Uranium deposits in the vicinity of the properties are
primarily replacement-type ones and mostly found in channel sandstone. The area extending
from Naturita, Colorado to Moab, Utah has produced between a few tons to many thousands of
tons of ore.
"These ten properties hold enormous potential, and we are extremely excited about
finalizing their acquisition, " said Endeavor Interim CEO Marvin Mitchell. "This is a
highly significant event for Endeavor and will allow us to pursue our longer-term goal of
sourcing and developing uranium properties. In fact, we continue to actively pursue new
projects both here and abroad. "
About Endeavor: Endeavor Uranium was established to acquire and develop quality uranium
projects both in the United States and abroad. The focus of the company is to seek out and
selectively acquire the most favorable deposits and advanced stage, drill-ready uranium
projects. Additional information can be found at www.endeavoruranium.com
<http://www.endeavoruranium.com/> .
Safe Harbor Statement: A number of statements contained in this press release are forward-
looking statements ma
Alexis Hmielak
Inspiration usually comes during work, rather than before it.
. . . .Madeleine L'Engle
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