Category: Athabasca Basin
59 Posts
POSTED ON December 19, 2013 BY Travis McPherson

After coming off their huge Patterson Lake South win, the former management team of Alpha Minerals is now running Alpha Explorations (AEX:TSXV) which is a spinout with assets in the Cluff Lake and Patterson Lake areas in Saskatchewan.  They also hold prospective land in the Timmins gold camp area in Ontario.  Today they announced their… Continue Reading

POSTED ON December 02, 2013 BY Travis McPherson

Patterson Lake uranium explorer, NexGen Energy (NXE:TSXV), released the results of their aerial geophysical surveys along their southern Athabasca basin margins, at the Rook and Dufferin areas.  The surveys identified five zones of elevated U-channel radiometrics on the Rook I property of which two are in the area where they completed their initial 12 hole drill… Continue Reading

POSTED ON November 29, 2013 BY Travis McPherson

With the question of whether the deal between Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) now out of the way, the stage is set for consolidation wave in the Patterson Lake region of Saskatchewan.  Some questions were raised recently about whether this deal would be finalized following a lawsuit involving Fission which muddied the waters.  However, now… Continue Reading

POSTED ON November 14, 2013 BY Travis McPherson

Patterson Lake uranium explorer, Aldrin Resource Corp (ALN:TSXV) announced this morning that they have completed their radon survey on the Triple M project which is next door to Alpha/Fission’s Patterson Lake South discovery. ALN used the same radon contractor as Alpha/Fission used (RadonEx Exploration Management) which helped Alpha/Fission discover multiple high-grade uranium zones at their… Continue Reading

POSTED ON November 08, 2013 BY Travis McPherson

According to Strateco Resource’s (RSC:TSX) CEO, Guy Hébert, a group of the company’s US shareholders intend to challenge Quebec’s recent resistance to uranium exploration and mining.  In March, Quebec environment minister, Yves-Francois Blanchet announced a moratorium on all uranium exploration and mining until the government had the opportunity to review and submit an environmental report… Continue Reading

POSTED ON November 05, 2013 BY Peter Epstein

Disclosure: Author has no formal or informal pecuniary interest in Mega Uranium. However, author has acquired hundreds of thousands of Mega Uranium [MGA.TO] shares in the past three weeks. This investment opportunity is very high risk and is not suitable for most investors. Always do your own due diligence and please consult an investment advisor.… Continue Reading

POSTED ON November 04, 2013 BY Travis McPherson

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV), the joint venture partners who continue to advance the Patterson Lake South discovery in Saskatchewan, announced this morning that they discovered a sixth mineralized zone in a step-out hole drilled 525 metre’s from the original discovery zone.  The new zone, R600W, is on a 1755m trend with all five high-grade… Continue Reading

POSTED ON September 25, 2013 BY Tommy Humphreys

NexGen Energy (TSXV:NXE), a uranium exploration company focused on Saskatchewan’s Athabasca Basin, provided an update on their first 8 holes of drilling at Rook I, which is immediately adjacent to and along strike to Fission / Alpha’s Patterson Lake South discovery. Read: NexGen Energy Ltd: Rook 1 Drilling Update. The news release suggested NexGen had encountered the… Continue Reading

POSTED ON September 25, 2013 BY Travis McPherson

The market has, so far, shrugged off more impressive drill results from Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) this morning (FCU up $0.01).  Is there such a thing as ‘discovery fatigue’?  The company’s released assays from two holes from the Western and Eastern regions of the R390E zone at their PLS deposit. The highlights include… Continue Reading

POSTED ON September 23, 2013 BY Travis McPherson

This morning, Patterson Lake South Joint-Venture partners Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) announced they had potentially found a fifth high-grade uranium zone as part of their 2013 drill campaign.  The most recent hole, PLS13-098, intersected 76m of total composite mineralization within a total 107.5m section (to vertical depth of 317m).  This adds to… Continue Reading

POSTED ON September 19, 2013 BY Brent Cook

Source: Karen Roche of The Gold Report  (9/18/13) Many mining companies find themselves in a high-grading dilemma, according to Brent Cook, publisher of Exploration Insights. As companies deplete higher grade reserves, they have to acquire new deposits. But unless you are a geologist, don’t look to NI 43-101s to always give you reliable information about the quality of a… Continue Reading

POSTED ON September 04, 2013 BY Tommy Humphreys

Back on March 20th, 2013, when Alpha Minerals was trading in the $4 range, I put a $15 price target on the company’s shares (source). With the announcement yesterday that Fission Uranium will be swallowing Alpha for roughly $7.67 per Alpha share my prediction has fallen short. Shares of the combined company could still double on a… Continue Reading

POSTED ON September 03, 2013 BY Tommy Humphreys

So long Alpha Minerals, you beautiful bastard! Read our past coverage of this tremendous discovery here. Just one week after public talks began to consolidate ownership of the PLS discovery, Alpha Minerals has agreed to sell itself to Fission Uranium for $7.67 per Alpha Share in a news release out this morning. Shareholders of Alpha will… Continue Reading

POSTED ON August 30, 2013 BY CEOEditor

NexGen Energy (TSXV:NXE), an Athabasca Basin focused uranium exploration company, has closed a $5 million financing at a price of $.35 per unit (with a half warrant at $.55). The company intended to raise $1.8 million but interest surely sparked from the success at Fission Uranium and Alpha Minerals’ PLS discovery, immediately adjacent to NexGen’s… Continue Reading

POSTED ON August 27, 2013 BY Tommy Humphreys

It has been quite a year for Fission Uranium CEO Dev Rhandahwa. A year ago his stock wasn’t performing and he was getting beat up on the internet. Then, in classic mineral exploration fashion, Rhandawa’s fate changed. Lukas Lundin’s Denison Mines paid approx. $70m for Fission’s Eastern Athabasca Basin assets, leaving the spinout company to… Continue Reading

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