Dundee uranium guru Dave Talbot did little to hide his excitement for Fission Uranium’s drill results yesterday, titling an update to the firm’s clients, “Wow. This is New. Another Zone and New Target Areas.” Reminds me of a certain double rainbow… Only weeks into the summer drill season Fission Uranium has already hit some big… Continue Reading
Patterson Lake area explorer, Aldrin Resources (ALN:TSXV) is halted this morning pending news. On May 13, Aldrin announced it had resumed drilling on their Triple M project (adjacent to Fission’s Patterson Lake South discovery) after the spring breakup in Saskatchewan’s boggy fields. The timing would be about right for them to have results from initial drilling and hence the halt. Aldrin is drilling… Continue Reading
Over the past few days we have seen a number of companies either continue to drill ‘best-to-date’ holes (Fission, NexGen) or begin their winter drill campaigns in Saskatchewan’s world-class uranium basin. Add to that, the recent takeover bid from Denison (DML:TSX) of International Enexco (IEC:TSXV) and you have one area of the exploration sector that continues to heat… Continue Reading
The small cap uranium explorer, International Enexco (IEC:TSXV), announced today that it has agreed to be acquired by Lukas Lundin’s Denison Mines (DML:TSX) for shares. Denison already owns roughly 8.4% of the company and they are acquiring the remaining shares for 0.26 Denison shares. Based on Denison’s closing price of $1.77, this equates to ~$0.46 per IEC share, representing an 18%… Continue Reading
FCU data by YCharts Fission Uranium (FCU:TSX) continued their record of releasing incredible results at their Patterson Lake South project and followed it up with a $25M bought deal financing announced just after the close today. First we will start with the results. The company, this morning, reported their second best scint result to date… Continue Reading
After announcing the stock was halted yesterday morning, all eyes have been on the newswires for NexGen (NXE:TSXV) in anticipation of a new Athabasca Basin uranium discovery. Well, the anticipation is over and the company has made a discovery. Alright, an early-stage discovery. This find comes in an unexpected area which means more drilling is warranted… Continue Reading
Jordan Trimble joined BNN Television’s Andrew Bell earlier. Trimble is CEO of Skyharbour Resources (SYH:TSXV), a micro-cap uranium explorer focused on Northern Saskatchewan’s Athabasca Basin region. Trimble discussed his company’s exploration plans for 2014, which includes an ongoing $6 million program at Skyharbour’s flagship Preston Lake project near Fission Uranium’s Patterson Lake South uranium discovery.… Continue Reading
Nearly one month into 2014 we have decided to separate the wheat from the chaff and identify the 5 most promising charts in the junior space: Click to enlarge Alderon Iron Ore Corp. (ADV.TO) Alderon, with its partner Hebei Iron and Steel, are set to move its Kami iron ore project in Quebec’s Labrador Trough… Continue Reading
Fission Uranium Corp (TSXV:FCU) released the first five holes from its winter drill program at the Patterson Lake South (PLS) uranium project in the Southwestern Athabasca Basin region of Northern Saskatchewan. Hole PLS14-129 (line 600E), with 36.72 meters of off-scale (>9999 cps) mineralization at shallow depth, was the best hole drilled at PLS to date by… Continue Reading
This morning, NexGen Energy (NXE:TSXV) announced the uranium explorer has begun their winter drill program at their Rook I project immediately adjacent to and northwest of Fission’s Patterson Lake South deposit. The company has outlined a 6,000m drill campaign with two drill rigs. NexGen has identified multiple targets from their 2013 summer drill campaign where… Continue Reading
At the end of last year we highlighted “3 Stocks for 2014”, as it has turned out we have been quite lucky in the new year with these picks: CSIQ +43.5%, CCJ +6.7%, ABX +3.3%. While CSIQ has rocketed into the stratosphere, CCJ and ABX are just getting started. We are particularly interested in CCJ… Continue Reading
Skyharbour Resources (SYH:TSXV), the Patterson Lake South (PLS) explorer, is diversifying outside of the PLS play by acquiring a 60% interest in the Mann Lake project located on the east side of the Athabasca Basin. The exploration project is roughly 25km SW of Cameco’s (CCO:TSX) McArthur River mine and 15km along strike from their Millennium deposit. Skyharbour will… Continue Reading
Fission’s President, COO and Chief Geologist, Ross McElroy, has won the highest accolade for Canadian exploration success this year handed out by the Prospectors and Developers Association of Canada (PDAC). The award known as the Bill Dennis Award traces its roots back to 1977 and is handed out to a person(s) who either make an important mineral… Continue Reading
The uranium explorer NexGen (NXE:TSXV), who is actively searching for the next Patterson Lake South-style discovery in Saskatchewan, has received all analytical results from there +3,000m summer drill program on their Rook I project which is located 2.1km up strike of Fission’s (FCU:TSXV) Patterson Lake South (PLS) discovery. Uranium was confirmed at Rook I in hole RK-13-05… Continue Reading
Fission Uranium (FCU:TSXV) has released assay results from three holes drilled at Patterson Lake South. The company is excited about PLS13-099 which is the eastern-most hole drilled in the R945E zone and encountered shallow mineralization over several wide intervals including 17m of 3.99% U308 and 3.5m of 18.52% U308. The highest grade assay in the… Continue Reading
