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  Target Exploration & Mining  

TICKER:  TEM: TSX-V
DESCRIPTION:  Target Exploration & Mining is a uranium-focused resource company with projects located in the U.S. Its flagship property, Bootheel, is in the Shirley Basin of Wyoming and hosts a significant historical resource. The property is ventured with Ur-Energy who bring with them additional management expertise to put the project into production. This summer, 50,000 feet of drilling will be completed on the Bootheel Property using two drill rigs. The company’s management has a strong track record of creating shareholder value through the identification and advancement of uranium and mineral exploration projects.
WEBSITE:  http://www.target-mining.com
Target Drills 0.075% eU3O8 Over 15.5 Feet On Bootheel Uranium Property (10/2/08)   Target Drills 0.043% eU3O8 Over 28 Feet On Bootheel Uranium Property (9/9/08)   Target Continues To Confirm & Drill Outside Of Historic Resource On Bootheel Property (8/14/08)   Target Commences Drilling on Bradshaw Gold Project (7/22/08)   Target Intersects Uranium Mineralization Outside Of Historic Resource On Bootheel Property (7/17/08)   Target Intersects 0.06% eU3O8* Over 19.0 Feet And In Multiple Stratigraphic Horizons (6/26/08)   Target Intersects 0.055% eU3O8 Over 51 Feet On Bootheel Uranium Property (6/13/08)   Target To Commence Drilling On Bootheel Uranium Property (5/21/08)   Target To Commence Drilling On Bradshaw Gold Project (5/06/08) Resource Opportunities Features: Target Exploration & Mining

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 Uranium Report "Target Exploration has been drilling its uranium project in the Shirley Basin of Wyoming since the beginning of June 2008 and has had nothing but great results. The Bootheel project continues to prove itself as one of the up and coming great uranium projects. The key factors behind Bootheel’s and, in turn, Target’s success are: • being perfectly located in an established and growing uranium district; • being designed for near term production
with its number of pounds and its In-Situ Recovery (ISR) potential; • having a successful
2008 drill program; and • having knowledgeable and experienced professionals with both
exploration and mining backgrounds...

Target is slated to be producing uranium from Bootheel in 2012. That is just four years away! This may seem like a long time, but a lot of mines need 8 to 10 years to go through the development and permitting stage to production...

Bottom Line

Target is one of those rare companies that not only has the right type of project in the right location, but also has the team with the right exploration and mining backgrounds to get to production. The stock is trading at the .25 level, with 12 million shares outstanding, giving the company a market capitalization of a
whopping $3 million. Insiders have been buying lately and at these prices, why not? Uranium is poised for a comeback in 2009 and I’m optimistic Target can benefit from it." (9/24/08)

    -   Grandich Letter

The Uranium Report "One uranium exploration stock on our list that looks extraordinarily cheap at this time
is Target Exploration. Target has been diligently drilling and working on confirming their resources at its Bootheel Project over the summer. It now has completed 23,000+ feet of drilling in 44 holes, including 640 feet of coring in 9 holes. The holes being drilled appear to confirm the historic grades and thicknesses. Results have also expanded the limits of the known mineralization. In total, the plan is to conduct 50,000 feet of drilling in 80 to 90 holes, with the primary goal of confirming historic drill results and bringing historic resources into NI 43-101 compliance.

This is just one of several attractive properties held by Target. Incredibly, Target has a mere 12.2 million shares outstanding. So with its price of $0.32, it has a miniscule market cap of $3.9 million. That would seem to be a ridiculously low valuation, given the company’s assumed 5 million pounds on its Shirley Basin Project
alone." (9/11/08)

    -   J.Taylor's Energy & Energy Tech Stocks

The Uranium Report "Target Exploration (TEM-TSXV;C$0.44) has completed 13,248 feet and 26 holes of a 50,000 foot 80 hole program at its Bootheel uranium project in the Shirley Basin, Wyoming. Assays to date include 46 feet of 0.036% eU3O8 (Please note that eU3O8 values are from probe results, not from assays. Many uranium companies have been releasing probe results to combat the long wait times at assay laboratories. Probe results are obtained by entering a probing device into a drill hole to take a radiometric reading. Probe results can be fairly accurate, as long as the company has previously compared the probe readings to the assay results for a period of time on the property to make necessary adjustments). The program will continue over the next few months with the goal to confirm and expand on the historic resource on the property. The historic results together with the current program should result in a compliant resource estimate on the uranium deposit later this year.

A 1,100 meter, 9-hole drill program is about to get underway at the Bradshaw gold project in British Columbia. Geophysical work completed last year identified some targets on the property, which Target plans to follow up on this season.

A resource estimate on the uranium project should support a higher valuation. Drilling on the gold project offers speculative upside." (7/08)

    -   Resource Opportunities





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