Bancroft Uranium to expand its holdings in Tory Hill.

Bancroft Uranium Inc. is expanding its holdings in Tory Hill. According to the press release on Bancroft Uranium's website:

"Bancroft has recently implemented a land acquisition program comprised of claim staking all prospective ground that ties onto and is in proximity to the Monmouth Uranium Project. The initial size of the Monmouth claim block and Bancroft land position of 2,700 acres is being expanded to 4,200 acres.

The additional acreage is a reflection of the positive nature of the initial analyses from drill data being compiled from the 2008 spring program. As drill results and uranium assay intervals are being tabulated by Company engineers, the decision to increase claim holdings by additional staking was undertaken by Bancroft management.

In conjunction with the staking program, Bancroft is currently in ongoing discussions with other uranium exploration companies that have prospective claim holdings in proximity to the Monmouth Project. Bancroft is aggressively seeking joint venture opportunities with groups exploring in the area.

Bancroft Uranium believes that companies with mutual interests having the ultimate goal of developing uranium deposits into commercially viable operations could create a broad regional play with several companies involved. This may provide the potential for the creation of a central milling and uranium processing facility that would serve various parties in a more cost effective fashion."

Stay tuned to our website for more details as they become available.