(EMAILWIRE.COM, June 06, 2008 ) Scottsdale AZ -- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) is pleased to announce further drilling results from the Spring 2008 surface drill program conducted at the Monmouth Uranium Project, near Bancroft Ontario. The Company today is releasing assay results from drill holes 08-16 through 08-28 as outlined below.
The 2008 Exploration Phase 1 drill program commenced on February 25th and was designed to focus on areas in and around the historical drill results from the 1969 program bringing it into modern N.I. Policy 43-101 compliance, a recognized world mining standard. The drilling is also designed to extend the known strike length of the skarn which hosts the uranium mineralization with the aim of expanding the current estimated 1,800,000 lbs U3O8 potential at Monmouth.
This second series of drilling assays and intervals are from holes drilled over an additional 200 feet of strike length exposure of the host rock skarn (altered limestone) as follow up to results released on May 29th from the initial 300 feet. In total, the combined results cover drilling conducted over 500 feet of strike on the deposit. The historical drilling in 1969 covered a zone approximately 1,500 feet in length.
Assays of 0.747lb/51.4Â’ and 1.134lb/23.9Â’ in holes 08-24 and 08-25 represent the best results from this series of holes. Significant results are as follows. Assays are noted as lb representing lbs/ton U3O8 over feet:
08-16 - 0.309 lb/ 29.6Â’ from 49.6 to 79.2 feet,
08-17- 0.337lb/10.9Â’ from 35.2 to 46.1 feet and 0.469lb/2.4Â’ from 92.1 to 94.5 feet
08-18- 0.316lb/5.2Â’ from 15.1 to 20.3 feet; 0.125lb/4.6Â’ from 37.1 to 41.7 feet and 0.467lb/8.0Â’ from 55.0 to 63.0 feet
08-19- 0.397lb/49.2Â’ from 5.2 to 54.4 feet including 0.365lb/9.0Â’ from 5.2 to 14.2 feet and 0.646lb/10.4Â’ from 18.9 to 29.3 feet and 0.565lb/14.5Â’ from 34.0 to 48.5 feet. Also 0.595lb/17.3Â’ from 71.0 to 88.3 feet
08-22 - 0.717lb/18.5Â’ from 73.0 to 91.5 feet
08-23 - 0.401lb/9.8Â’ from 39.4 to 49.2 feet; 0.374lb/7.7Â’ from 55.4 to 63.1 feet; 0.794lb/33.3Â’ from 81.6 to 114.9 feet and 0.486lb/3.9Â’ from 125.7 to 129.6 feet
08-24 - 0.495lb/19.8Â’ from 56.0 to 75.8 feet and 0.747lb/51.4Â’ from 104.9 to 156.3 feet
08-25 - 1.134lb/23.9Â’ from 103.7 to 127.6 feet
08-25A - 0.420lb/55.1Â’ from 69.0 to 124.1 feet including 0.363lb/26.7Â’ from 73.9 to 100.6 feet and 0.656lb/19.2Â’ from 104.9 to 124.1 feet
08-26 - 0.389lb/31.9Â’ from 46.8 to 78.7 feet; 0.526lb/5.0Â’ from 119.0 to 124.0 feet and 0.507lb/17.1Â’ from 143.4 to 160.5 feet and 0.369lb/21.1Â’ from 188.7 to 209.8 feet
08-26A - 0.633lb/36.7Â’ from 135.9 to 172.6 feet including 0.788lb/18.1Â’ from 135.9 to 154.0 feet and 0.683lb/13.0Â’ from 159.6 to 172.6 feet.
08-27 - 5.377lb/2.1Â’ from 38.2 to 40.3 feet and 0.611lb/10.2Â’ from 66.2 to 76.4 feet
08-28 - 0.643lb/5.1Â’ from 52.5 to 57.6 feet; 0.352lb/14.2Â’ from 124.0 to 138.2 feet including 0.304lb/5.0Â’ from 124.0 to 129.0 feet and 0.521lb/6.5Â’ from131.7 to 138.2 feet; 0.525lb/26.3Â’ from 168.0 to 194.3 feet including 1.618lb/3.3Â’ from 172.8 to 176.1 feet and 0.578lb/13.7Â’ from 180.6 to 194.3 feet.
To date, Company engineers have verified the location, thickness and flat lying geometry of the uranium bearing skarn system intersected in the historical drilling. U3O8 assays have been returned from both uraninite bearing bright orange-colored calcite alteration in the skarn and from several pegmatite bodies in and adjacent to the skarn package. Initial assay results from the skarn rocks appear to validate the historical data. The geological modeling of the deposit is now coming into focus with the alteration zone rock package dipping at a fairly consistent 25-30 degrees, amenable to a potential open pit scenario.
All of Bancroft Uranium’s exploration programs are designed and supervised by Qualified Persons (“QP”) under the N.I. Policy 43-101, who ensure that programs are carried out using current industry “Best Practices”. The spring 2008 drilling program was supervised by Murray McGill P.Geo (QP). The NQ size core was logged by Mr. McGill and split on-site. Half core samples were analyzed using standard Delayed Neutron Counting (DNC) methods by Activation Laboratories in Ancaster, Ontario. Activation Laboratories employs rigorous in-house QA/QC procedures in the DNC process.
Bancroft will release a third series of drill results shortly.
For inquiries from the public and media concerning the Monmouth Uranium Project please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information please contact investor relations at 1-866-860-2995
ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)
Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. BancroftÂ’s initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our uranium properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
- - - - - - - - - - - - - - - - - -
P. L. Hammond, C.A.
President and Chief Executive Officer
To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.
Public and Media Information: 1-877-544-7336
Shareholder and Investor Information: 1-866-860-2995
PokerTek, Inc
(NasdaqGM: PTEK)
Current Price (5.01)
www.GrowthStockResearch.com
MATTHEWS, N.C.--June 5--PokerTek, Inc., the industry pioneer and worldwide leader in automated poker and related software, announced today that it has installed an additional four PokerPro® devices plus one for demonstration, in Quebec, at Loto-Quebec’s Ludoplex Trois-Rivieres. This brings the total devices to 55 in the province. PokerTek™, Inc. (NASDAQ: PTEK - News), headquartered in Matthews, NC, develops and markets PokerPro and PokerPro Heads-Up™, automated poker tables and related software applications developed to increase casino revenue, reduce expenses and attract new players into poker rooms. PokerTek entered the amusement space by introducing Heads-Up Challenge™, a heads-up poker table for bars and restaurants that targets adults who play for amusement only. PokerPro tables are located in the United States, Canada, Macau, Panama, Germany, Australia, South Africa and several major cruise lines. For more information, please visit the company's website at www.pokertek.com or contact Tracy Egan at 704.849.0860 x106.
Distribution Management Services, Inc.
(Other OTC: DMGS.PK)
Current Price (0.0006)
www.GrowthStockResearch.com
NORTH MIAMI, FL----Jun 3, 2008 -- Distribution Management Services, Inc. (Other OTC:DMGS.PK - News) announced today that the Company has received a favorable ruling for a judgment of specific performance from the recent court case in Florida with regards to protecting the Company's ownership claims to the Argentina Mining Operations. Distribution Management Services, Inc. engages in the acquisition, development, and sale of real estate property located in Orlando, Florida. As of May 31, 2005, the company acquired 266 single-family residential building sites located in Central Florida. It also holds certain rights in two movie scripts, which it seeks to develop in motion pictures. The company was incorporated in 1995 and is based in Miami, Florida.
Striker Oil & Gas, Inc.
(OTC BB: SOIS)
Current Price (1.50)
www.GrowthStockResearch.com
HOUSTON--June 5--Striker Oil & Gas, Inc. (OTCBB:SOIS - News) announced today that it has successfully completed the second well drilled on its Catfish Creek Prospect located in East Texas. The well was completed in the Pettit formation with perforations at 10,435-10,438Â’ and 10,448-10,458Â’ and was flow tested for several days prior to shutting the well in. The well is now waiting on a gas pipeline hookup with a current shut-in pressure of 4,200 psi. The well will be fracced prior to turning the well into the gas pipeline. Striker Oil & Gas, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. The company acquires working interests in producing properties with developmental potential and properties that offer relatively low risk exploration potential for both crude oil and natural gas. Striker Oil & Gas operates onshore along the Gulf Coast of Texas and Louisiana as well as East Texas and Mississippi. The Company strives to enhance asset value through application of current production technology while keeping costs low. The companyÂ’s goal is to achieve a high return on its investment and grow shareholder value.
IEC Electronics Corp
(OTC BB:IECE)
Current Price (2.16)
www.GrowthStockResearch.com
NEWARK, N.Y.--June 5--IEC Electronics Corporation (OTCBB: IECE), a provider of electronic manufacturing services to advanced technology companies, announced that they have retained the services of Institutional Marketing Services (IMS), a full service investor relations firm.W. Barry Gilbert, Chairman of the Board and CEO of IEC, stated, “Since 2004, we have diversified our customer base, enhanced our management team, realigned our existing facilities and upgraded our equipment with an eye towards maximizing our position as a niche player in the contract manufacturing industry. This strategy has resulted in strong revenue growth and profitability. Furthermore, we recently signed a letter of intent to make an accretive acquisition that should further broaden our customer base and manufacturing capabilities. While we still have a lot of work ahead of us, we feel that IEC is now at the point where it makes sense to implement a strategic investor relations program to raise IEC’s profile on Wall Street.” IEC Electronics Corp. provides electronics manufacturing services for printed circuit board assemblies and electronic products and systems in the United States. The company offers a range of manufacturing and management services on turnkey and consignment basis, comprising product development, prototype assembly, material procurement, volume assembly, test engineering support, statistical quality assurance, order fulfillment, and repair services. It provides electronic manufacturing services primarily for telecommunications and wireless communication systems, test diagnostic equipment, military and defense systems, transportation products, alternative energy equipment, and medical instrumentation. The company sells its products and services through direct sales force and manufacturer representatives. IEC Electronics was founded in 1965 and is based in Newark, New York.
Verify all claims and do your own due diligence. Iron Consulting profiles are not a solicitation or recommendation to buy, sell or hold securities. Iron Consulting is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Iron Consulting is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), Growthstockresearch.com is owned and operated by Iron Consulting. Iron Consulting www.ironconsultinginc.com has receive fifty thousand dollars from Equity Alliance Intl. for one months of internet marketing services, from Equity Alliance Int. LLC www.equityallianceir.com for its marketing and consulting services. Neither Iron Consulting nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Iron Consulting receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Iron Consulting statements and opinions and such statements and opinions cannot be considered independent. Iron Consulting and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements ar e made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Iron Consulting services are often paid for using free-trading shares. Iron Consulting may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to http://www.emailwire.com
