I just spoke to Todd Hanas.

UAX is 90% completed with their airborne ZTEM survey which includes the new Key Lake property. He seemed very excited about the results so far, particularly at Key Lake.

They will soon start their initial drilling program. The purpose of this initial drill program is to identify anomalies before they do the seismic work. The seismic will pinpoint the anomalies more precisely and then they will begin their extensive drilling.

Hathor has used seismic testing extensively and have been 70% successful with drilling as a result of seismic....it identifies anomalies more accurately than any other exploration method but is expensive. Apparently 70% success in drilling is excellent.

In spite of the fact that the sp has risen dramatically recently, the sp is currently being held down because many warrents are currently being exercised.

Remember that UAX only has 32M shares outstanding.

UAX has a booth at the Phoenix Investment Conference in Glendale Arizona feb 18-19.

UAX will also be sharing a booth with Century Mining at PDAC in Toronto March 6-9.

SN