Location:	Powder River Basin, Wyoming
Property Position:
Ownership:	100%
Grades:	0.021% - 9.11%
Comments:	The Turnercrest property is located 29 miles from Cameco's Smith Ranch Property. The Smith Ranch is the largest operating uranium production facility in the United States with reserves totaling 16.1 million pounds of U3O8.

The property was acquired via a combination of staking and leasing of private and State ground. The property covers a 1.5-mile long trend of shallow, near-surface uranium mineralization that includes the historic North American Key, Sundance Betty, Little Betty and Powder River Minerals mines, all of which produced uranium between 1955 and 1956.

Uranium mineralization found at Turnercrest lies directly along the "old rose" alteration line, or redox boundary, which extends from the Pumpkin Buttes Uranium District southward through Turnercrest and on to the Highland Uranium Mine -- Box Creek District several miles north of Douglas, Wyoming. To date, the Southern Powder River Basin has produced in excess of 60 million pounds of uranium (including production from Cameco's Smith Ranch ISL mine).

Turnercrest represents a high priority target for Magnum, where significant untested potential exists for extensive shallow uranium mineralization in the Wasatch Formation, as well as for deeper, stacked mineralization in underlying sandstones of the Paleocene Fort Union Formation.