Location & Ownership
Known as "the Mineral Capital of Canada" (Bancroft & District Chamber of Commerce) due to the abundance of minerals found in the area, Bancroft was especially well known for its uranium production, as it was once home to four past producing mines, producing a total of 14,862,653 lbs U3O8 between 1956 -- 1982.
Option Projects Within The Region
1. Halo Project
2. Alamgamated Rare Earth Project
3. Canada Radium Project
4. Empire B Project
5. Saranac Project
6. Canadian All Metals Project
7. Silver Crater Project
8. Mclean Hogan Project
- 8 optioned properties, totaling 9,765 acres, on which CanAm may earn 80% interest
- Virtually no regional exploration in over 30 years
- Technological advances to enable further delineation of known resources
- 43-101 report filed; approval pending
CanAm Uranium has an option on a major landholding in the Bancroft region, with its option on 8 uranium properties, on which it may earn 80% interest. The properties in total are comprised of 37 mineral claims containing 247 claim units, and the claims cover a total of approximately 9,765 acres (3,952 hectares), and are located 10 -- 40 km to the east of the town of Bancroft.
Infrastructure
With its extensive mining history, Bancroft is home to a well-placed mining infrastructure, and has built a tourist industry around its reputation as a premier destination for mineral collection and mining enthusiasts.
Geology
The properties are located In the Grenville Province of the Canadian Shield, which hosts two main rock types: highly metamorphosed metasediments, which are composed mainly of marble, paragneiss, and amphibolite, and plutonic rocks, composed mainly of granite, syenite, and gabbro. The majority of the uranium mineralization is associated with dykes of felsic pegmatite.
CanAm Uranium Bancroft Property in the News
Uranium Industry re-emerging in Bancroft
http://www.intelligencer.ca/webapp/sitepages/content.asp?contentid=459762&catname=Local+News&classif%20=
