Roca Honda is located in the Grant's Mineral Belt in New Mexico, which yielded over 300 million lbs of cumulative uranium production, and was the largest producing uranium district in the world during the last uranium cycle.

The Roca Honda uranium property consists of 63 unpatented mining claims located on land owned by the Federal government and administered by the US Bureau of Land Management (BLM). In addition, the property includes one State of New Mexico Lease. The combined land package is 745 hectares (1,840 acres) in size. The Roca Honda property is not adjacent to, or near land owned by the Navajo Nation

In April 2006, the Company announced that it had completed a National Instrument 43-101 compliant resource estimate. Based on available drill hole information, a measured and indicated mineral resource of 17,512,000 lbs. U3O8 contained within 3,782,000 tons at an average grade of 0.23% U3O8 was estimated for the Roca Honda property. An additional 15,832,000 lbs. at an average grade of 0.17% U3O8 are estimated as an inferred mineral resource. (see link to report below).

In its news release dated July 26th, 2007, the Company announced that it had completed a joint venture agreement with Sumitomo Corp. of Japan to develop the Roca Honda project.

In its news release dated Sept. 6, 2007 the company announced drill results that showed mineralization in a previously undiscovered area of the property.