Wednesday, October 14, 2009

Canadian Stock Research - Bayswater Uranium Corp

Canadian Stock Research News Update:

Bayswater Announces Drill Results from Otis Gold Joint Venture at Kilgore Project Including 55.4 Metres of 6.15 g/t Gold

Vancouver, British Columbia CANADA, October 13, 2009 /FSC/ - Bayswater Uranium Corp. (BAY - TSX Venture, BYSWF - OTCBB_Pink_Sheets), is pleased to announce results from drilling at the Kilgore gold project in Clark county, Idaho, by joint venture partner Otis Gold Corp ("Otis"). Based on recently obtained additional geochemical assay results, three of the four core holes drilled in November and December 2008 contain significant bulk-tonnage, open-pittable thicknesses and grades, in addition to the high-grade, underground-type intercepts previously reported by Otis on March 2, 2009 and April 7, 2009. These new bulk-tonnage intervals, which are highlighted in the table below and include 55.4 metres grading 6.15 g/t Au (181.8 ft at 0.180 opt Au) in hole 08 OKC-191, contain mineralized thicknesses and average grades which are substantially greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 news release). These new intervals, all of which will be included in a future resource estimate, could serve to increase the overall size and grade of the Kilgore bulk-tonnage deposit, further enhancing deposit economics.

Canadian Stock Research news update comes courtesy of StockResearchPortal. To view the complete version of this news release visit Stock Research Portal