Athabasca-Basin uranium explorer, NexGen Energy, has released assay results from its Winter Drill Program at the Rook 1 project, confirming that all 8 holes drilled at the Arrow target hit uranium mineralization. Two of the standout holes demonstrate both high grade and potential scale for this early stage uranium discovery. Hole RK-14-27 encountered maximum continuous intersection of 29… Continue Reading
This morning the news started flowing again out of the Athabasca uranium Basin in Saskatchewan where millions of speculative dollars have been invested in the hopes of finding more of the highest grade uranium in the world. Aldrin announces the reason why they were halted yesterday and NexGen receives their drill permits for the Arrow… 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
Athabasca Basin uranium explorer, NexGen Energy (TSXV:NXE), has drilled their best hole to date at the Arrow Discovery on the Rook 1 project, intercepting a combined 47.2 meters of radioactive mineralization, including 8.3 meters of “off scale” (greater than 10,000 cps), downhole gamma probe results indicate. Hole RK-14-30 was targeting the interpreted gravity low anomaly at… 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
This morning NexGen Energy Ltd. (TSXV:NXE) announced completion of the first hole at the Arrow prospect, RK-14-21, to 663 meters depth. This was the same hole that caught the market’s attention last week for intercepting what is believed to be uranium mineralization (assays pending) between 207.8 and 231 meters. Today’s news suggests an additional three… Continue Reading
NexGen Energy (TSXV:NXE) announced a potential uranium discovery in the SW Athabasca Basin region of Northern Saskatchewan yesterday. Visible uranium was seen in the first hole drilled into the Arrow target at the Western side of NexGen’s Rook 1 project, which caused shares in the junior explorer to rise over 90% Wednesday. “There’s an element of luck,”… 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
Anticipation is building to find out what’s going on with NexGen Energy (TSXV:NXE). The company’s shares were halted before the opening bell this morning, and remain halted at press time (11:11amPST). NexGen is currently one month into a drill program at their Rook 1 project in Saskatchewan’s SW Athabasca Basin, a property which is adjacent… 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
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
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
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
