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Bluerock Resources Ltd.  TICKER: BRD:TSX.V DESCRIPTION: Bluerock Resources, founded in 2005; producing uranium ore in 2008. The Company has a toll milling agreement with Denison Mines (USA) to process Bluerock uranium ore at the White Mesa Mill in Blanding Utah. The company has 4 fast track uranium operation in Colorado in support of the toll mill agreement and is working to expand it’s operation into Utah through exploration and project acquisition. Long term growth is defined by a stand alone mill proposal in Green River Utah with a potential operation target of 3rd quarter 2011. Bluerock continues to develop a solid group of economic prospective projects by evaluating projects based on criteria of geological potential, historic resources, and most importantly, the probability of resource addition. The Company targets projects which indicate a short time line to feasibility and potential production. We invite you to explore what makes Bluerock Resources a unique and worthy investment WEBSITE: http://www.bluerockresources.com The information below is based on the most recent information we have received from analysts and the companies participating in The Energy Report. We encourage you to visit the company's web site for updates. The sale includes all Mongolian uranium exploration projects and existing material assets the two junior companies maintain in Mongolia. In a news release, Bluerock President and CEO Michael Collins said, "The sale of Bluerock's Mongolian exploration arm is a timely step for Bluerock as it allows the company to monetize the exploration results over the last two field reasons and redirect these funds towards Bluerock's main focus, our Southwest US uranium mining projects. Bluerock remains focused on building production, and in the ground resources in Colorado and Utah to support the company's on-going plan of becoming the next uranium producer in the United States." The Mongolian JV project had eight separate land packages, altogether covering more than 280,000 hectares, primarily located in four settings in the central and eastern parts of Mongolia. The Khavtsal project is the most advanced exploration project in the package. Southwest of the Khavtsal in South Central Mongolia, preliminary work has identified several uranium anomalies." (6/26/08) - Mineweb.com
Bluerock said Tuesday in a release that the deal included the uranium projects and also material assets in the region. The deal is expected to close by Aug. 26. Bluerock has a 60 percent stake, while Uranerz owns the remainder in the Mongolian project. Both companies considered the project to be "non-core" to their operations, Bluerock said, and they will now focus on their own production development projects in the United States." (6/24/08) - CNN Money
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