Bearclaw Capital Corp.

Bearclaw Capital Corp.

August 28, 2007 17:46 ET

Bearclaw Reports Discovery of Two Spectrometric Uranium Anomalies

MONTREAL, QUEBEC--(Marketwire - Aug. 28, 2007) - Bearclaw Capital Corp. (TSX VENTURE:BRL) is pleased to report the discovery of two spectrometric uranium anomalies outlined by the helicopter borne geophysical survey which is currently underway on its properties in the Wakeham Sedimentary Basin on the St. Lawrence North Shore.

The anomalies are given by high radioactive values in the uranium window in the spectrometer used in the survey, and are located in a zone where the ternary map shows a predominance of the uranium counts over the thorium and the potassium counts.

One of the anomalies is located within a sedimentary bed which is believed to occupy the bottom of the Wakeham Sedimentary Basin, thus offering the possibility that it is similar to uranium deposits of the Athabaska Basin-type in Saskatchewan. This anomaly covers an area of one km. by one km. The other anomaly is located on the contact of the same sedimentary bed with the Lac Buit granite intrusion. This anomaly is two km. long, along the granite contact, by one km. wide.

Ground follow up work is also underway. This work will include detailed spectrometric prospection, geochemical soil sampling, geological mapping, trenching, rock sampling and, eventually, drilling. A crew of approximately 20 men is currently on the property, assisted by a full time helicopter. The first assay results of soil and rock samples are expected by early September.

Bearclaw owns 358 mining claims, covering 193 sq. km. along the western border of the Wakeham Sedimentary Basin. These properties are located 70 km. North-East of the town of Havre St. Pierre, and 30 km. North of a titanium mine operated by Quebec Iron and Titanium.

The geophysical survey is being conducted by GPR International, using a spectrometer with uranium, thorium and potassium windows, a magnetometer and a VLF. Bearclaw anticipates that the survey will have covered all of its properties by the end of this week.

Emilien Seguin, a director of Bearclaw and a qualified person for the purposes of National Instrument 43-101, prepared the technical information contained in this press release.

This press release may contain forward-looking statements. Known and unknown risks and uncertainties may cause actual events or results to materially differ from those expressed or implied by any such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Bearclaw Capital Corp.
    John B. Ross
    (604) 263-5147