Congratulations are in order to Ari Sussman and his team at Continental Gold Limited (TSX:CNL). They have been awarded the Mines and Money London 2013 Exploration Award for their Buriticá high grade gold project in Colombia, beating out the likes of Fission Uranium, Robust Resources and Sirius Resources for the honour. Mines and Money London is… Continue Reading

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

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

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

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

[audio:https://c03c06.p3cdn1.secureserver.net/wp-content/uploads/2013/11/Rick-Rule-CEO.CA-Nov-4-2013-Tommy-Humphreys-Audio.mp3] Sprott USA Chairman Rick Rule, the Carlsbad, California based natural resource financier with nearly four decades of experience, joined us for a conversation earlier today on the current mining bear market, which is approaching its third anniversary. As expected, Mr. Rule was upbeat, and sounds to be making the most of the opportunities being… Continue Reading

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

NexGen Energy (NXE:TSXV) has completed their first phase of drilling on their Rook I project and announced a summary of their findings.  Rook I is 2.1km northeast of Fission/Alpha’s Patterson Lake South Discovery.  The program was designed to narrow down a large prospective target area, to determine if mineralization existed their and to better understand the geology… Continue Reading

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

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

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

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

Positive results continue to roll in at PLS, the 50/50 joint venture owned by Fission Uranium and Alpha Minerals. Read: Alpha Minerals JV Confirms Significant Mineralization With Strong “Off-Scale” Radioactivity at R945E Zone At PLS Project. The market appears to have been expecting success. Shares in both Fission and Alpha were effectively flat at press… Continue Reading

Alpha Minerals and Fission Uranium each own 50% of the Patterson Lake South (PLS) project in Northern Saskatchewan. PLS is the most exciting mineral discovery in recent times for its potential size, high grade, shallow depth and proximity to infrastructure. Fission Uranium CEO Dev Randhawa has launched a takeover of Alpha to consolidate ownership at… Continue Reading

There’s a tremendous post out from the good people at Sprott today: Hostile Takeovers Gone Bad. The author, geologist and investment advisor Steve Todoruk, says that Cameco made a fatal flaw in their attempted takeover of Hathor Exploration in 2011 by not acquiring shares in the company before the takeover announcement. As a result they… Continue Reading