VANCOUVER, British Columbia, Sept. 13, 2007 (PRIME NEWSWIRE) -- Crosshair Exploration & Mining Corp. (AMEX:CXZ) (TSX-V:CXX) is pleased to report drill results for the first six holes from the ongoing program at the C Zone located on its Central Mineral Belt (CMB) Uranium Project in Labrador. Significant uranium mineralization has been intersected in all drill holes, highlighted by:
* hole ML-90, which intersected 0.10% U3 O8 over 36.7 metres as part
of a wider interval grading 0.06% U3 O8 over 67.5 metres and,
* hole ML-87*, which intersected 0.10% U3O8 over 45.7 metres as
part of a wider interval grading 0.07% U3O8 over 71.3 metres.
"The large widths of uranium mineralization intersected by several of the drill holes continue to add pounds to the existing resource," says J. Wayne Pickett, P.Geo, VP Exploration at Crosshair. "These results add further confirmation of impressive high grade material at shallow depths on the C Zone."
Three of the holes fall outside of the current resource and extend the C Zone to the northeast. The other three holes are infill holes, which will aid in upgrading the resource. The C Zone remains completely open along strike and to depth. Crosshair is currently awaiting assay results for an additional 26 holes drilled to date at the C Zone and drilling is ongoing. Detailed results for the first six holes of the current program are as follows:
Hole No. From To Length U3 O8 Grade
(m) (m) (m) (%)
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ML-85 114.0 117.0 3.0 0.06
including 115.5 116.0 0.5 0.31
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ML-86 148.2 149.7 1.5 0.03
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ML-87* 79.7 151.0 71.3 0.07
including 82.4 128.1 45.7 0.10
including 122.3 127.6 5.3 0.78
including 122.3 124.6 2.3 1.54
and 135.6 138.6 3.0 0.10
and 143.6 145.7 2.1 0.12
-----------------------------------------------------------
ML-88 94.5 118.6 24.1 0.05
including 96.0 102.3 6.3 0.10
125.0 126.5 1.5 0.03
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ML-89 83.9 95.8 11.9 0.06
including 88.5 94.3 5.8 0.10
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ML-90 39.0 106.5 67.5 0.06
including 39.0 75.7 36.7 0.10
including 50.8 59.1 8.3 0.44
and 94.4 96.7 2.3 0.05
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*Previously released
Crosshair currently has three drill rigs operating on the CMB Uranium Project, two of which are focused on expanding and upgrading the uranium resource at the C Zone. A third drill rig is being used to test other target areas on the property and is currently operating at Area 1. Additional assay results will be released over the coming weeks.
The orientation of mineralization in this part of the C Zone is still undetermined and an estimate of true width can not be established at this time. Full assay highlights, tables, drill section and maps have been posted on the Company website: http://www.crosshairexploration.com/s/CZone.asp
About Crosshair
Crosshair is a dominant player in the exploration for uranium in the Central Mineral Belt of Labrador -- Canada's most promising emerging uranium district. The 750 sq km Central Mineral Belt Uranium Project is host to potentially three types of uranium mineralization -- Iron Oxide Copper Gold (IOCG -- Olympic Dam), structurally controlled/shear zone and unconformity types of mineralization.
The Company's exploration work on the Central Mineral Belt Uranium Project is supervised by J. Wayne Pickett, P.Geo., a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador, the Vice President Exploration of the Company and a Qualified Person as defined in NI 43-101. Mr. Pickett has verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company. A QA/QC program has been implemented consisting of standard, blank and duplicate samples.
Split drill core samples are being sent to Activation Laboratories in Ancaster, ON for analyses. Uranium analysis is performed by the delayed neutron counting (DNC) method, while multi-element analysis is performed using Inductively Coupled Plasma Mass Spectrometry (ICP-MS). Samples that exceed the upper limit for uranium are re-assayed using X-ray fluorescence (XRF).
For more information of the Company and its properties, please visit the website at www.crosshairexploration.com.
ON BEHALF OF THE BOARD
"Mark J Morabito"
President and CEO
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