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Yellowcake Resources Inc.
is a wholly owned subsidiary of Jetcom Inc. Jetcom is a publicly traded company whose shares trade on the TSX Venture Exchange under the ticker symbol "JTM". Currently, Jetcom is undergoing a change of business - while it proposes to enter this business, it is not currently in the business and the COB must be fully approved by its shareholders and the TSXV beforehand.
Jetcom, through Yellowcake Resources Inc. has been granted an option to purchase a 100% interest in 23 uranium claims totaling 3100 acres in the Fort-Coulonge area of Quebec subject to Exchange approval.
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In April 2007, Jetcom signed an option agreement to acquire 6 mining claims, subject to Exchange approval, in the Lake David, Saguenay area of Quebec located in the township of Dumas. The Company has been granted the exclusive and irrevocable option to purchase a 100% interest in the claims. This property represents a well regarded platinum, palladium and gold discovery in this area of Quebec. On one of the claims, five parallel trenches separated by some 25 meters were dug by a power shovel. Altered pyroxenite encountered in the three middle trenches were channel sampled. Three intervals in the middle trench over a distance of 14 meters assayed 2.12 g/t PGM and gold over 7.55 meters, 1.08 g/t PGM and gold over 3.25 meters. Smaller values in the two adjoining trenches suggest a lateral extension of the favourable horizon.
A full update on this project will be posted here next week.
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