Vamoschile Gold.

Silver Corp

Universal Power Corp. Sees Analogies in Key Uranium Regions

With money jingling in its pocket, Universal Power Corp. (TSX.V:UNX, FSE:3U2A) is ready to start exploring both in Africa and also a world away in northern Canada.

The Vancouver-based junior expects to begin work on its Mbamba Bay uranium property in southern Tanzania before the end of the year.

At the same time, Universal Power is two-thirds of the way through a non-brokered private placement, raising a gross of $2.68 million as of the end of November. The company expects to complete the placement shortly, bringing in an additional $720,000.

As well as getting its African project underway, Universal Power is also planning to start work this spring on its recently-acquired Great Bear iron ore-copper-gold property in Canada’s Northwest Territories.

Universal Power completed the acquisition of the 45,000-acre property, covering 20 claim blocks, in October. Great Bear, 430 kilometers north of Yellowknife, lies between Alberta Star Development Corp.’s Eldorado South project and Cooper Minerals Inc.’s Terra properties, both of which saw diamond drilling in the 2007 exploration season.

The Great Bear property is geologically analogous to the Olympic Dam deposit at Roxby Downs in southwest Australia. Olympic Dam is a large deposit of copper, uranium, gold and silver, which supports an underground mine as well as an integrated metallurgical processing plant. It is the world’s largest-known single deposit of uranium, although the uranium accounts for only a small part of the mine’s revenue.

And Universal Power has also started geophysical work on its Sibley project in northwest Ontario to identify drill targets for this winter. Universal Power has an option to earn a 60% interest in 217 claims units in the Havoc Lake area, near Thunder Bay.

The Sibley Basin is a mid-Proterozoic-age sedimentary basin that has the potential to host unconformity-related uranium deposits such as those found in the uranium-rich Athabasca Basin.

In Tanzania - based on a recently-completed NI 43-101-compliant report - Universal Power expects its Phase 1 exploration on Mbamba Bay to include geological mapping and sampling, a ground radiometric survey, shallow trenching and shallow reconnaissance air blast drilling of about 100 holes.

Phase 1 is expected to cost about $250,000, with a $400,000 deeper 50 hole, reverse circulation drilling program to follow, depending on initial results.

The 960-square-kilometre Mbamba Bay property, one of two held by Universal Power in Tanzania, is near Lake Nyasa in the southern part of the country. Both Mbamba Bay and the smaller Mbinga property are part of the East African Karoo super group, equivalent to the Canadian Shield in containing rich mineral discoveries.

The regional geology of the area is characterized by Proterozoic, metamorphic crystalline basement rocks that are overlain by younger Karoo sedimentary rocks. The area is prospective for both sandstone hosted and igneous-types of uranium deposits.

The sandstone of the Karoo resembles the sandstone in South Africa and in Colorado which hosts uranium deposits.

Airborne radiometric data, collected in the early 1980s, indicates the granites and gneisses are anomalous in uranium, and represent source rocks for redox-style uranium deposits. The southern margin of the depositional basin, including paleo-channels that cut into the basement rocks, are prospective areas for uranium.

In 1979 and 1980, countrywide airborne radiometric surveys, by Geosurvey International, identified radiometric anomalies in the Mbama Bay area. The highest total counts ranged between 2,000 counts per second to 10,000 cps, and were recorded over a granitic area in the southern part of the project.

Detailed geological mapping, trenching and ground radiometric surveys conducted in early 1980, in the Mbamba Bay area, identified 20 metres of upper sandstone and 40 metres of transitional zone, through total thickness of about 100 metres statigraphical column. This is a geological environment considered highly favourable for roll-front-type uranium deposits.

Roll-fronts are named for the crescent shape the uranium (in solution) makes at the interface between oxidizing and reduction conditions within the permeable sandstone or conglomerate host rock.

Universal Power has carried out an extensive literature review, a reconnaissance ground radiometric survey and preliminary logistical planning. The literature review established a geologic framework, as well as an interpretation of the radiometric anomalies originating from the Geosurvey International airborne survey.

The property examination confirmed the location and the validity of the landholdings. During the field visit, several radiometric readings were taken at the anomaly locations identified by the Geosurvey International survey.

Readings ranged up to 3,100 cps.

The company has identified structural trends which appear to extend into the Mbamba Bay project area from nearby Paladin Resources’ Kayelekera uranium deposit in Malawi. The Kayelekera deposit has a proven resource of over 25 million pounds of uranium.

Paladin recently approved a Bankable Feasibility Study that indicated a mine life of seven years, and a processing life of 11 years from the existing resource.

Work by Australia’s Mantra Resources, near the Mbamba Bay property’s western boundary, has returned values of up to 0.68% U3O8, in limited trench and rock chip sampling.

This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.

About the Author

Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com

Silver Polyester Parking Permits $77.5 Durable stock permits available in small quantities. Order as few as 50 permits 3"W x 1-1/2"H decals are ideal for use on windshields or bumpers to quickly identify drivers Silver chrome polyester is long lasting and tear-resistant Choose from 3 colors (Black, Blue, Red) and 6 number sequences (001-050, 051-100, 101-150, 151-200, 201-250, 251-300) Supplied on convenient rolls for easy distribution

Silver Tensabarrier Barricades $372.89 Silver tensabarrier barricades with black and white tape clearly mark pathways and direct indoor traffic. Deluxe decorator tensabarrier barricades are made of designer anodized aluminum posts that provide an upscale look for any indoor area. 2", woven nylon tape adjusts to any length up to 7-1/2 ft. 4-way locking head allows up to 3 tapes to be connected to each post; tapes lock into head to prevent accidental release. Unit only comes with a 40"h aluminum post and black and white striped nylon tape. Order a complete tensabarrier kit with a tensabarrier and wall receptacle (also sold separately).

Silver And Red Tensabarrier Barricades $372.89 Silver with red tape decorator Tensabarriers ® direct indoor traffic, restrict access & block hazards. Deluxe decorator tensabarrier barricades are made of designer anodized aluminum posts that provide an upscale look for any indoor area. 2"w, woven nylon tape adjusts to any length up to 7-1/2 ft. 4-way locking head allows up to 3 tapes to be connected to each post; tapes lock into head to prevent accidental release. Unit only comes with a 40"h aluminum post and red nylon tape. Order a complete tensabarrier kit with a tensabarrier and wall receptacle (also sold separately).

Silver And Blue Tensabarrier Barricades $372.89 Silver with blue tape decorator Tensabarriers ® direct indoor traffic, restrict access & block hazards. Deluxe decorator tensabarrier barricades are made of designer anodized aluminum posts that provide an upscale look for any indoor area. 2"w, woven nylon tape adjusts to any length up to 7-1/2 ft. 4-way locking head allows up to 3 tapes to be connected to each post; tapes lock into head to prevent accidental release. Unit only comes with a 40"h aluminum post and blue nylon tape. Order a complete tensabarrier kit with a tensabarrier and wall receptacle (also sold separately).

Metal Silver Ball SEALED Seals $63.5 Metal silver ball "SEALED" seals provide at-a-glance security. Embossed metal silver ball seals state "SEALED." Sold in full packages of 100 consecutively numbered seals (Emedco chooses starting number). Unique ball housing has double locking rings that permanently engage a tamperproof seal. Ideal for ocean containers, sprinkler systems, tractor trailers and more. Durable, thin-plate steel is then for hard-to-fit slots. Apply easily without tools. Recyclable. 3/8"w x 8-7/16"l.

Loctite - Silver Grade Anti-Seize $10.7 Multi-purpose silver grade anti-seize compound. Loctite - ANTI-SEIZE COMPOUND SILVER GRADE. Temperature resistant, heavy duty lubricant and penetrant. Petroleum-based compound made better with metallic and graphite flakes. Inert anti-seize compound. Won't evaporate or harden even in very hot or freezing environs. Can be used on aluminum, stainless steel and most metals. Corrosion resistant.

Markal® - Silver-Streak® Fineline Metal Marker Holders $45.5 Sturdy marker holders. For holding Silver Streak or Red Riter flat marker Strong metal holders provides extra strength Includes pocket clip

3M Industrial - Silver Duct Tapes 3939 $11.9 Very convenient duct tape. Silver duct tape that easily tears straight across and down without curling Tack-free edges With surface that can be written on Great for bundling, sealing and holding applications

Metal Silver Ball DO NOT REMOVE Seals $63.5 Metal silver ball "DO NOT REMOVE" seals display a clear security message. Embossed metal silver ball seals state "DO NOT REMOVE." Sold in full packages of 100 consecutively numbered seals (Emedco chooses starting number). Unique ball housing has double locking rings that permanently engage a tamperproof seal. Ideal for ocean containers, sprinkler systems, tractor trailers and more. Durable, tin-plate steel is then for hard-to-fit slots. Apply easily without tools. Recyclable. 3/8"w x 8-7/16"l.

Nissen - Silver Welder's Pencils $5 Super durable pencils. Ideal for fine line layout work on all types of metals. Marks illuminate when cutting and welding. Marks will not rub off or burn off. Can be used with an ordinary pencil sharpener.

Sprayon® - Silver Galv Coatings $152.4 Anti-rust, first-rate corrosion inihibitors. Corrosion inhibitors which counter chlorinated solvents. Exceptional swift drying touch-up for the mending of galvanized substrates. Chemicals with 400°F dry high temperature and 100°F wet high temperature (non-immersion) resistance. Sacrificial covering that inhibits rust and deterioration to ferrous metals. Proposed dry film depth of 1.5 to 3.0 mils. Goes against aromatic hydrocarbon solvents. Measures up with the VOC. Lubricants and paints which supply a dry covering with the vivid finish of scorching-dip galvanizing.

Crews® Storm™Safety Glasses-Silver Mirror Lens $8.29 Safety glasses provide a customized fit for every wearer. Silver mirrored lens safety glasses with black frame. Lightweight, adjustable glasses feature 5-position, ratchet-action temples and non-slip rubber head grips. Durable, polycarbonate lenses provide 99.9% UV protection and have a scratch resistant coating. Wraparound lenses include side shields for extra protection. Comply with ANSI Z87.1-1989.

Custom Flat Head Metal Seals - Silver Embossed $496.2 Dual locking barbs assure strap seal engagement. Use Custom Flat Head Metal Seals on rail cars, truck trailers, doors, bulk tankers, gates and more A locking housing is protected by a scored metal cover with polished edges to prevent injury The galvanized steel strap seal measures 8-1/2"L and has an average pull apart force 130 lbs. These strap seals are economical, easy to install, and a simple cutting tool is required for removal Specify starting number (up to 6 digits), wording (up to 15 characters/spaces), and quantity Custom Flat Head Metal Seals have embossed wording and are silver

Custom Flat Head Metal Seals - Silver Printed $495.4 Dual locking barbs assure strap seal engagement. Use Custom Flat Head Metal Seals on rail cars, truck trailers, doors, bulk tankers, gates and more A locking housing is protected by a scored metal cover with polished edges to prevent injury The galvanized steel strap seal measures 8-1/2"L and has an average pull apart force 130 lbs. These strap seals are economical, easy to install, and a simple cutting tool is required for removal Specify starting number (up to 6 digits), wording (up to 15 characters/spaces), and quantity Custom Flat Head Metal Seals have printed wording and are silver

Beltrac® Wall-Mount Retractable Belts - Silver/Black Belt $149 Ideal for quickly restricting access. Temporarily close off hallways, corridors and aisles Tape retracts and fits inside unit for storage Install with ease within minutes Manufactured to adapt to other Beltrac posts and wall receptacles and other manufacturers' posts Black & silver belt

Beltrac® Wall-Mount Retractable Belts - Silver/Black Belt $149 The ideal choice for temporary closures. Section off aisles, hallways, and corridors with ease. Belt mechanism is completely concealed within the unit. Will connect to other Beltrac® posts and other manufacturer's posts. Low-profile and isntalls easily within minutes. 18 ft. belt, Silver and Black.

Sprayon® - Silver Galv Coatings $152.4 Fast-acting, superior, corrosion inhibitors. Lubricants and penetrants which defy aromatic hydrocarbon solvents Sacrificial covering that reduces rust and decomposition to ferrous metals Outstanding, quick drying touch-up for the restoration of galvanized substrates Gives a dry finishing with the brilliant finish of sizzling-dip galvanizing VOC- conforming Corrosion inhibitors with a suggested dry film breadth of 1.5 to 3.0 mils Chemicals which resist chlorinated solvents 400°F dry warm and 100°F wet warm (non-immersion) resistance

Markal® - Silver-Streak® Fineline Metal Markers $7.9 Ultra-tough soapstones. Comes in original flat and new round sizes. Great on all types of metal surfaces. Tough metal and plastic holders prevents damage. Good for metal layout and fabrication. Marks won't easily come off.

Markal® - Silver-Streak® Fineline Metal Marker Refills $8.1 Economical metal marker mefills. Comes in original flat and new round sizes. Great on all types of metal surfaces. Tough metal and plastic holders prevents damage. Good for metal layout and fabrication. Marks won't easily come off. Comes in 6pc, 25pc and 100pc packs.

Irwin® - 1/2 Reduced Shank Silver & Deming HSS Drill Bits $16.4 Ideal drill bits even for tough metals. Twist drill bit for 1/2" drill chucks usage. Drill parts and accessories with three-flatted shank for safe grasp.

Kaba Ilco Corp. Kaba Ilco Corp. Silver Dog Id Tag TAG-DT-8 $17.55 Silver dog id tag Anodized aluminum military ID dog tag 10 per bag Silver Brand #: Kaba Ilco Corp. TAG-DT-8 UPC: 036448504336 Keywords: military dog tag 10 per bag id

Reflective Traffic Control Armband $12.59 Reflective armbands make individuals highly visible to oncoming traffic. Fluorescent armband features a reflective silver stripe as an added attention-getter. Make sure workers are seen even if standing with side to oncoming traffic. 3" wide, fluorescent red with silver stripe.

Reflective Barricade Tape - Caution Stripe $120 Reflective Barricade Tape stands out at night or in low-light areas. Reflective Barricade Tape is printed on a shiny silver background for high reflectivity Rolls are 3"W x 1000'L Tape is made of 1.5-mil polyester material Silver and yellow diagonal stripes appear along the length of the tape

Rubbermaid® Commercial Steel Mesh Wastebasket $23.6 Durable waste containers. Waste containers built with a steel mesh diamond pattern Features a no-snag curled rim Built strong with a solid steel base Comes in color black and silver

Custom Perimeter Security Labels $36.29 Your wording increases security. Display on windows and doors around the perimeter of your facility to convey a clear message that your building is under surveillance. Black print on silver.

Vehicle Conspicuity Tape $49.29 Vehicle conspicuity kits and tapes ensure the safety of surrounding traffic. 1"w x 50 ft. reflexite® daybright™ high visibility prismatic tapes are available in red, silver or gold.

Rubbermaid® Commercial Steel Mesh Wastebasket $23.6 Lightweight trash cans. Lightweight and durable trash can. Comes with a steel mesh diamond pattern. Features a sturdy construction with a solid base. Built with a no-snag curled rim. Available in color black and silver.

Asset ID Labels $122.39 In-stock numbered labels ship fast when you need labels in a hurry. Asset ID labels available in blue and silver. Your choice of polyester or destructible vinyl and numbering sequence.Includes free black marker.

Numbered Asset ID Labels $122.39 In-stock numbered property ID labels ship fast when you need labels in a hurry. Asset ID labels available in blue and silver. Your choice of polyester or aluminum and numbering sequence.

Weld-Aid - Brite Zinc Cold Galv $136.8 Chemicals for galvanize refurbishing needs. Lubricants and penetrants with Brite silver, fits hot-dip. Chemicals which fix spoiled or fused galvanizing. Weld-thru, swift-drying, reaches ASTM A780. Weighs 1.69 lbs.

Nameplate Desktop Frames - 10W x 2H $12.2 Stylish frames display your desktop nameplates and complement your décor. Choose black, gold or silver Holds any 10"W x 2"H nameplate

Smith & Warren Security Badges $25.4 High quality metal badges to wear with pride. Finest metal materials combined with cutting edge manufacturing Available in Silver and Gold tone finish Badges supplied with pin and safety catch attachment Price per badge

Safco® Impromptu™ Refreshment Cart $578.2 Chic carts with translucent doors gives contemporary look. Trolleys with trouble-free caring gray laminate top keep drink and stuffs. Distinct styling matches the modern office. Silver powder coated steel border with semi-transparent polycarbonate side and backside panels. 4-swivel casters, 2-locking, for easier maneuverability. Huge storing place with single, permanent, shelf at the rear are two semi-transparent hinged openings. 1-Shelf, Color: Silver/Gray.