Crosshair Energy Announces Radiometric Survey Results; Shares Hover Just Above Year Lows

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Crosshair Energy Corporation ( CXZ ) announced the completion of a radiometric soil survey on the Juniper Ridge Property, located in south-central Wyoming.

Approximately 40% of the unexplored portion of the property was surveyed with both high precision gamma and radon surveys. The surveys identified three areas of anomalous radon concentration over undrilled areas north and west of Juniper Ridge East. These anomalous radon results are interpreted to indicate areas of additional uranium mineralization and will be the focus of the next phase of drilling.

CXZ shares are up to $0.18. Shares have traded in a year range of $0.16 - $0.73.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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