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Article: Midasco Capital Corp.: Company Realigns Focus on Near Term Production
- Article from:
- CCNMatthews Newswire
- Article date:
- March 3, 2008
CopyrightCopyright 2008 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - The
Company is pleased to announce that through its operating
subsidiary, Midasco Uranium LLC, it has acquired from J.H. Ranch
Incorporated, a privately held Colorado company, two major Uranium
properties within the Uravan Mineral Belt in San Juan County, Utah.
The acquisitions are both surface and mineral leases for a term
of 20 years, and consist of 6,550 acres of private property, which
have existing historical resources(i) of 1,019,604 pounds U3O8 and
7,244,235 pounds V2O5 from the Dunn and Calliham Mines, both located
in the Salt Wash member of the Morrison Formation.
The Dunn Mine has an existing historical resource(i) of ...