TSX Venture: TSA
VANCOUVER, Oct. 3 /CNW/ - Trans America Industries is pleased to announce
that Neutron Energy, its joint venture partner in New Mexico's uranium
exploration sector, has essentially completed its uranium acquisition program
in the Western U.S. and is now preparing a strategic plan to exploit the
potential of its assets in the coming months.
Neutron recently appointed a new president, Dr. Gary C. Huber, a 30 year
veteran of the minerals industry who received his Ph.D. from the Colorado
School of Mines in Geology and Mineral Economics after completing his
doctorial dissertation on the large Lisbon Valley Uranium District located in
His prior corporate experience includes uranium exploration and mine
development and production in the Central Colorado Plateau region, President
of an Industrial minerals production company, CFO for a gold mining company
and director of a capital group for a royalty company.
Dr. Huber's mandate will include the timely exploration and development
of Neutron's extensive asset base in the Western U.S. in addition to securing
a listing on a North American stock exchange.
Of particular interest to Trans America are Neutron's holdings at
Ambrosia Lake in the Grants District of New Mexico which are currently the
subject of a joint venture agreement with Trans America. (See Trans America
News Release Sept. 12, 2007).
One of the Ambrosia Lake joint venture's projects, East Roca Honda, is
situated immediately adjacent to Strathmore Minerals' Roca Honda Project which
is currently the subject of a development agreement with Sumitomo Corp of
According to Trans America President, John C. Campbell, East Roca Honda
and the Cliffside/Frosty Ox areas will be priority targets given the fact past
exploration has indicated strong potential for the discovery of uranium
mineralization in several different geological environments. Past studies by
several major U.S. uranium explorers suggest that some of the historical
resources in the area may be amenable to both conventional mining and in-situ
"We are looking forward to a long and rewarding relationship with our
industry partner whose experience in the uranium sector pre-dates the 1980s
which was very much the heyday for the uranium industry in the Western U.S,"
The information contained in this news release, has been reviewed,
approved, and deemed relevant by Stephen Kenwood P. Geo., a qualified person
as defined under National Instrument 43-101.
TRANS AMERICA INDUSTRIES LTD.
"John K. Campbell"
Per: John K. Campbell, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS
For further information:
For further information: regarding Trans America Industries Ltd., refer
to the Company's website at www.trans-america.ca or refer to the Company's
profile on the SEDAR website at www.sedar.com; John K. Campbell, President,
Telephone: (604) 688-8042