Different kind of fever sweeps Yukon — for uranium:
cbc.ca
The Yukon, long known as a source of gold, is now luring prospectors in search of a different kind of motherlode: uranium.
Mining industry watchers say there's a surge of companies exploring uranium in the territory, producing some big-dollar deals. On Monday, Vancouver-based Cash Minerals announced it will spend $15 million looking for uranium in the Yukon starting in April.
And on Wednesday, Logan Resources and International KRL Resources Corp. announced they have staked a land package with 2,245 uranium mining claims in the Yukon's Cassiar Plateau, 95 kilometres northeast of Whitehorse. The two companies also said they are planning multi-million dollar exploration programs for the summer.
"I am seeing just a huge number of new companies getting active in the Yukon," Steve Stakiw, the Western Canada editor of The Northern Miner industry newspaper, said Wednesday.
Yukon has about six known uranium deposits and other areas yet to be explored, Stakiw said.
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