The Company's Church Rock property is located on the western side of the Grants Mineral Belt. Historical production in the Church Rock and nearby Crownpoint area was in excess of 16 million pounds. Previous operators were determining the feasibility and amenability of in-situ extraction of the Church Rock deposits. Recently, a nearby operator has received favorable permitting activity from regulatory agencies for in-situ extraction of their mineral resource.

The Company has acquired a 100 per cent interest in the Ram Claims, which are located in the Church Rock mining district. The uranium deposits are hosted within sandstones of the Westwater Canyon Member of the Jurassic Morrison Formation. The deposits are believed to be amenable to in-situ extraction methods.

Based on over 150 drill holes, prior operators previously reported over 6 million pounds of contained U3O8 beneath the Church Rock property. The deposit was previously explored by Kerr McGee Corporation, the world's largest uranium mining company in the 1970s.

A 43-101 technical report for Church Rock was completed in December 2005. The 43-101 reports a new mineral resource which demonstrated 11.8 million pounds of contained uranium, nearly doubling the previously reported historical resource of 6 million pounds. The author of the 43-101 reported an excellent potential for doubling the known resource through additional exploratory drilling on the Property.