A new uranium occurrence was found on the Dome property, Namibia.  Two surface grab samples, collected from an outcrop of coarse-grained, leucocratic granite in the Dome North area, contain 149 and 152 ppm U₃O₈.  Very little exploration has been done in this area and further prospecting and geological mapping are required prior to initiating a drill program.

Also at Dome North, 250 line-kilometers of detailed electromagnetic surveying outlined a large, previously unrecognized area of anomalous conductivity that may reflect buried calcrete paleochannels.  This exploration was following up on calcrete-hosted uranium mineralization intersected in recently completed drill holes.  The mineralization, with grades up to 352 ppm U₃O₈ over 1.0 meter in drill holes, is open along strike.  Surface grab samples in proximity to the drill holes contain up to 0.19% U₃O₈.  Drilling to follow up on previous drill intersections and to test the new conductivity targets is being planned.

Early in the month, core drilling and ground geophysical surveying resumed on the company’s eastern Athabasca Basin properties.  Fourteen drill holes totaling 7,000 meters are planned for the winter season on three different properties; Gumboot, Johnston Lake and Marten.

The first hole of the winter season was collared at Gumboot on January 14.  Seven holes are planned at Gumboot to follow up on significant uranium, nickel and cobalt mineralization intersected in 2009.  One hole will also be drilled on the contiguous Johnston Lake property, optioned in early 2009 from Denison Mines Corp., to follow up on the results of a detailed core review and re-sampling program completed in the summer of 2009. 

Line cutting has been completed and gravity surveying has begun on the Wolverine and Marten properties, which are under option to Japan Oil, Gas and Metals National Corporation (“JOGMEC”).  Ground electromagnetic surveying and 1,200 meters of diamond drilling are also budgeted for the winter program on Marten.