Uranium
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URANIUM: Fission hits exceptional grades at PLS
SASKATCHEWAN – Fission Uranium Corp. of Kelowna, B.C., has received assays from three of the highest grade holes drilled to date at its Patterson Lake South project in the Athabasca Basin. The holes were drilled in the R780E zone as…
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URANIUM: NexGen proves continuity in A3 shear and along strike at Arrow
SASKATCHEWAN – Vancouver-based NexGen Energy has reported assay results from 21 recent holes at its Arrow deposit, part of the Rook I property in the Athabasca Basin. Results for 28 holes at Arrow and 31 from South Arrow are pending.…
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EDITORIAL: Cameco suspends 40% of production in face of oversupply
Every mining subsector has its unofficial leader. It’s that company — usually with the largest market capitalization — that has arguably the best combination of top mineral deposits, superb operations, savvy management, high-quality workers, technical excellence, welcoming jurisdictions, a stable…
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COMMENT: USGS finds 40M lb U3O8 in potential calcrete resources
The U.S. Geological Survey has taken a look at parts of Texas, New Mexico and Oklahoma, and found there may be 40 million lb. of undiscovered uranium resources in the region. Geologists examined calcrete formations, which are well documented in…
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URANIUM: Cameco to suspend McArthur River and Key Lake operations
SASKATCHEWAN – Cameco Corp., one of the world’s foremost uranium producers, says continued price weakness is forcing it to suspend operations at the McArthur River mine and Key Lake mill. The suspension will begin by the end of January 2018…
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Cameco reports $50M loss as uranium languishes
VANCOUVER — Canada’s Cameco (TSX: CCO; NYSE: CCJ) is in damage control amidst the worst uranium market in over a decade. The company’s underwhelming third-quarter results were plagued by a 20% year-on-year drop in spot U3O8 prices, and production delays at its Key…
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URANIUM: Denison extends Gryphon mineralization at Wheeler River
SASKATCHEWAN – Toronto-based Denison Mines, operator of the Wheeler River uranium project in the Athabasca Basin, says recent drilling has extended the new high grade unconformity-hosted mineralization up-dip and about 250 metres along strike to the northeast of the Gryphon…
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URANIUM: NexGen drills massive pitchblende at Rook I’s South Arrow
SASKATCHEWAN – NexGen Energy of Vancouver reports that the radioactivity results for 16 holes from the South Arrow discovery at the Rook I property are indicative of semi-massive to massive pitchblende mineralization. Significant off-scale radioactivity (10,000 to 61,000 cps) was…
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URANIUM: Denison extends high grade Huskie zone at Waterbury Lake
SASKATCHEWAN – With the final summer drill holes, Toronto-based Denison Mines Corp. says it has extended the high grade Huskie zone at the Waterbury Lake uranium project in the Athabasca Basin. The high grade, basement-hosted mineralization has now been expanded…
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URANIUM: Fission hits 128 metres with multiple high grade intervals west of R780E at PLS
SASKATCHEWAN – Fission Uranium of Kelowna, B.C., has drilled a new zone 2.3 km west of the R780E zone at its Patterson Lake South project on the south rim of the Athabasca Basin. Results of four holes on the new…
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URANIUM: Denison reports 3.7% from new discovery at Waterbury Lake
SASKATCHEWAN – Denison Mines of Toronto reports drilling 3.7% uranium oxide over 3.9 metres including 2.8% U3O8 over 1.8 metres during follow-up drilling at the new high grade basement discovery at Waterbury Lake in the eastern part of the Athabasca…
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URANIUM: Denison makes new high grade find at Waterbury Lake
SASKATCHEWAN – Toronto’s Denison Mines has made a new high grade discovery at the Waterbury Lake joint venture in the eastern part of the Athabasca Basin, adjacent to the Midwest property. Denison owns approximately 64% of the project and Korea…
