Senator Minerals Inc.

Published : June 25th, 2007

Options Uranium Target in Athabasca Basin, Saskatchewan

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Keywords :   Canada | Copper | Gold | K Street | Senator | Silver | Uranium |
SENATOR MINERALS INC
 
NEWS RELEASE
 
22 June 2007 
TSX-V: SNR
USA: SMLCF

Frankfurt: T1K
SNR # 2007-6
"SNR Options Uranium Target in Athabasca Basin, Saskatchewan"

Senator Minerals Inc ("Senator? or ?the Company") reports that it has entered into an agreement with Geomode Mineral Exploration Ltd (?Geomode?), an arm?s-length vendor, to acquire a 100% interest, net of a 1% NSR, in a highly prospective 3,370 hectare uranium target, the Geike River Claim (the ?Claim?), located in the Athabasca Basin, Saskatchewan.
 
The Claim, designated number S-110885, is considered to be a high priority target due to its proximity to existing large high-grade uranium mines and its potential to host similar mineralization.  The Claim is located in the eastern portion of the Athabasca Basin, approximately 27km southeast of Cigar Lake and 35km east of MacArthur River Mine (Cameco/Cogema), the largest high-grade uranium mine in the world.  The Claim adjoins claims held by Denison Mines Corp (DML: TSX and DNN: AMEX), formerly International Uranium Corp, and CanAm Uranium (CAUI: OTCBB).
 
Until recently, the Claim was controlled by International Uranium Corp, which, through Denison, continues to have a significant presence in the area.  The Claim forms part of the Thompson River Project, which is contiguous to the Moore Lake and South Cigar Projects, controlled by Denison and JNR Resources.
 
To acquire a 100% interest, net of a 1% NSR, in the Geike River Claim, Senator is required to perform exploration and development work sufficient to keep the Claim in good standing, and to pay an aggregate of C$300,000 and issue 1,500,000 common shares to the vendor over a two year term as follows:
 
a)         C$100,000 cash and 400,000 common shares upon receipt of regulatory approval;
 
b)         C$100,000 cash and 500,000 common shares on the first anniversary of the agreement; and
 
c)         C$100,000 cash and 600,000 common shares on the second anniversary of the agreement.
 
First and second anniversary payments are subject to Senator having received a NI 43-101-compliant report recommending further work.  In addition, a one percent (1%) NSR has been reserved in favor of the vendor, which can be purchased by Senator for US$1,000,000.  This transaction remains subject to regulatory approval.
 
Tony Simon, president of Senator, comments, ?The expansion of Senator?s exploration property interests to include a uranium target surrounded by established uranium producers and explorers in the well-known Athabasca Basin is another significant step in Senator?s goal of acquiring exploration interests in politically stable, highly prospective areas.?
 
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
 
Senator Minerals Inc is a TSX-V-listed junior exploration company with a diverse portfolio of property interests in North America.
 
Senator has one 50% and four 100% lease option interests in five highly prospective Midas-style gold-silver targets in the Northern Nevada Rifts area, a 100% interest in two gold prospects in Nevada?s Cortez Hills area, and a 100% interest in the Taurus copper-moly-gold deposit in southeastern Alaska.
 
Senator holds 1% NSR's on the Rosebud gold-silver prospect in northwestern Arizona and on both the Okey and Key high grade copper prospects in northeastern British Columbia.
 
This News Release was prepared on behalf of the Senator Board of Directors, which accepts full responsibility for its contents.
 
ON BEHALF OF THE BOARD
 
"Tony Simon"
 
TONY SIMON, BComm, CA
President
 
FOR FURTHER INFORMATION, PLEASE CONTACT:
Senator Minerals Inc   #1018 - 475 Howe Street, Vancouver, BC   Canada   V6C 2B3
Tel: 604-904-1330   E-Mail: contact@senatorinc.com       Web site: www.Senatorinc.com
 
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Senator Minerals Inc.

EXPLORATION STAGE
CODE : SNR.V
ISIN : CA8168812052
CUSIP : 816881
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Senator Minerals is a copper and gold exploration company based in Canada.

Senator Minerals holds various exploration projects in USA.

Its main exploration properties are TAURUS, DOME, IVANHOE CREEK, CORTEZ SOUTH, GOLD VALLEY and RIMROCK in USA.

Senator Minerals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.9 millions, € 1.7 millions).

Its stock quote reached its highest recent level on May 12, 2006 at CA$ 6.93, and its lowest recent point on November 14, 2014 at CA$ 0.02.

Senator Minerals has 33 470 601 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of Senator Minerals Inc.
11/2/2009Warrants Re-priced and Term Extended
9/28/20076,500,000 unit private placement
6/6/20072,000,000 Unit Private Placement
5/22/2006$396,000 private placement
3/29/2006$360 000 private placement
Financials of Senator Minerals Inc.
12/31/2007 2007 Annual report
Project news of Senator Minerals Inc.
4/30/2013Fwd: Senator Minerals NR #2012-06
1/16/2010(Taurus)Taurus Drilling Results and Resource Calculation
12/31/2008(Geikie River)Geikie River Property Option Expired
7/29/2008(Taurus)Drill Program Commences on Taurus Cu-Mo-Au Property, Alaska
6/25/2007Options Uranium Target in Athabasca Basin, Saskatchewan
3/12/2007Drill Program for Ivanhoe Creek Property
6/6/2006(Hill End Project)Hill End project, NSW, Australia reward area drill results
5/24/2006TSX-V conditional approval of Hill End project
4/27/2006Earn-in option agreement on Hill End project, Australia
3/20/2006(Hill End Project)2006 Technical report
Corporate news of Senator Minerals Inc.
6/6/2009Update on Nevada Lease Options
2/27/2008Don Stevens, PhD, CPG, Appointed as Technical Advisor
2/27/2008Adam Travis Appointed as Technical Advisor
5/30/2007Additional Staking at Ivanhoe Creek, NV"
4/12/2006(Ivanhoe Creek)Ivanhoe Creek Property: Update on Kent exploration financing
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TSX-V (SNR.V)FRANKFURT (I1K.F)
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