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Posted by jbfreedom on :
ANYONE IN THIS ONE ?
Posted by lostone on :
Russell Industries Field Report 8:01a ET August 31, 2007 (Business Wire) Layne Berman and Tony Brandt representing Russell Industries, Inc. (Pink Sheets:RSDS) report that on August 29, an independent uranium drill logging company contracted by the company began the initial step in the process of quantification on the first ten holes drilled on its Cache claims in Utah's Lisbon Valley. Using Gamma technology, the preliminary results indicate that certain quantities of uranium were indeed found. To confirm these findings using alternate methodology, core samples taken from the tailings of the drilled holes are being sent to an independent laboratory for assay. Preliminary field analysis of these tailings indicates such mineralization as to suggest a reasonable probability that uranium is present in the area.
Further, Russell Industries is pleased to announce that it has received approval for its Plan of Operations regarding uranium exploration on its Rage Claims within the Monticello Ranger District of San Juan County Utah. The Company plans to begin drilling in this claim range in September. "August was a very busy month for us and we will continue to follow our strategic plan for the remainder of 2007. We have further defined our business model as staking, claiming, permitting, drilling and selling proven and probable reserves," said Rick Berman, President and CEO.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of August 20, 2007.