04:00 PM EST - Uranium Bay Resources Inc. : updated its shareholders on the conclusion emanating from the 2008 exploration programme at the Uskawanis Uranium Property, situated SE of Hydro-Quebec's Opinaca Hydroelectric Reservoir along the Eastmain River, 180 km SE of Radisson, Quebec. Substantial disequilibrium was identified between radiometric and assay results over large parts of the 2008 drilling programme area. A substantial amount of radon was found, and since radon originates during the decay chain of uranium, it was concluded that this area is a much deeper uranium source than first thought. Uranium Bay Resources Inc.
shares V.UBR are trading even at $0.02.
