How many rich Uranium areas are fairly near rich PGM areas? As to Uranium here is some world facts, and since we are not needing to see the potential of that market here today, we need to understand that it is NEAR...PGMs deposites from ALBERTA ( see my Birch Mountain and New Blue Posts on SI ) and to Europe which has had its share of PGM mining in the past history. Why carry Coal to New Castle? RE:
U- 237 ....why run...dig next to the stuff:
U-235/8? So, let us talk about world ...I say..WORLD USES of URANIUM then the oyther elements in the future as they are discovered and proove, OK:
Company Press Release
SmallcapNewswire.com Announces Orex Gold Mines Corp. Featured on Web Site and in Newsletter to Subscribers
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--July 23, 1999-- SmallcapNewswire.com, a financial news portal and wholly owned subsidiary of the Equitable Group, has initiated coverage of Orex Gold Mines Corp. (OTC: ORXX - news) including the addition of Orex as a feature company to its web site.
SmallcapNewswire.com is a unique investment resource for information and breaking news, direct access to online trading, stock quotes, market news and for providing assistance in the participation of online investment offerings.
Orex Gold Mines Corp. will be featured in the site's high-impact, e-mail based newsletter to subscribers. This weekly publication focuses on the most up-to-date information and comprehensive coverage of emerging microcap companies. SmallcapNewswire.com believes these companies have strong potential due to their revolutionary products or break-through technology.
Orex Gold Mines Corp. recently gained national attention from an article in ''Business Week'' magazine which explained that the company's environmentally friendly process of extracting gold from ore could be the solution to the ban on cyanide in the prominent mining state of Montana. Cyanide is commonly used for extracting precious metals from ore but its highly toxic properties have prompted several states to restrict its use. ''Business Week'' also noted that independent tests show the process used by Orex extracts a greater percentage of gold from ore in less time than cyanide does.
Orex is currently completing the acquisition of two mining companies in which it will acquire substantial gold, uranium, and vanadium reserves, including mining equipment and contract mining agreements. As part of the agreement, Orex will also acquire a current contract with Phelps Dodge (NYSE: PD - news), the largest copper producer in the United States.
uic.com.au
antenna.nl
antenna.nl
antenna.nl
antenna.nl
antenna.nl
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and the John Kaiser NL talks about Uranium Drills recently in July by PIONEER on the Montreal Exchange:
canspecresearch.com
Click Newsletters Then Click John A Kaiser:
Bottom Fishing 100 :
Annual Guide to 100 Bottom-Fish for 1999
Buying Ranges reflect price levels as of December 11, 1998
ABA-V Abaddon Resources Inc M $0.20-$0.29
AAS-V Alamos Minerals Ltd M $0.50-$0.75
AVB-V Alantra Ventures Corp M $0.30-$0.49
AMH-V Almaden Resources Corp M $0.30-$0.49
ALS-C Altius Minerals Corp M $0.30-$0.49
ATG-V Altoro Gold Corp T $0.20-$0.29
AHR-V Amarc Resources Ltd T $0.50-$0.75
ARQ-V Annoraq Resources Corp T $0.30-$0.49
AQU-V Aquest Minerals Corp M $0.10-$0.19
AGO-V Argosy Mining Corp L $0.10-$0.19
AOT-V Ascot Resources Ltd L $0.20-$0.29
ACA-T Ashton Mining Canada T †$1.01-$1.25
ATN-T Atna Resources Ltd T $0.50-$0.75
AZC-T Azco Mining Inc T $0.76-$1.00
BMD-C Birch Mountain Res Ltd M $0.20-$0.29
BGI-T Birim Goldfields Inc T $0.20-$0.29
BNO-V Borneo Gold Corp M $0.20-$0.29
BG-V Brandon Gold Corp M $0.10-$0.19
CNB-V Canabrava Diamond Corp T $0.50-$0.75
CG-T Caribgold Resources Inc T †$0.20-$0.29
CHB-T Cheni Resources Inc M †$0.20-$0.29
CIO-C Ciclo Capital Ltd M $0.20-$0.29
KQR-V Cobequid Life Sciences T $0.50-$0.75
CYX-T Colony Pacific Expl Ltd M $0.10-$0.19
ASQ-V Cons Aston Resources Ltd M $0.76-$1.00
CWS-V Cons Westview Res Corp M $0.20-$0.29
BAY-T Corner Bay Minerals Inc M $0.30-$0.49
CTQ-T Corriente Resources Inc T $0.50-$0.75
DTA-V Dentonia Resources Ltd L $0.10-$0.19
DSR-V Doublestar Resources Ltd M $0.30-$0.49
ER-T Eastmain Resources Inc T $0.10-$0.19
EGD-V Energold Mining Ltd T $0.30-$0.49
EXR-V Expatriate Resources Ltd T $0.30-$0.49
FFD-T Fairfield Minerals Ltd T $0.50-$0.75
FED-V Fedora Industries Inc M $0.20-$0.29
FOR-T Franc-Or Resources Corp T $0.20-$0.29
FWR-M Freewest Res Canada M $0.20-$0.29
GTV-V Gee-Ten Ventures Inc M $0.30-$0.49
GGL-V Gerle Gold Ltd T ††$0.30-$0.49
GMH-C Glenmore Highlands Inc M $0.76-$1.00
GOZ-C Gold-Ore Resources Ltd M $0.10-$0.19
GBN-V Golden Band Res Inc M $0.20-$0.29
GGR-T Golden Goose Res Inc M $0.10-$0.19
GYD-V Grayd Resource Corp M $0.30-$0.49
GEN-T Greater Lenora Res Corp M $0.20-$0.29
HWD-T Highwood Resources Ltd M †$0.50-$0.75
IP-V Inca Pacific Res Inc T $0.10-$0.19
IDN-V Independence Res Inc T †$0.20-$0.29
IBX-V Intl Barytex Res Ltd L $0.10-$0.19
INM-V Intl Northair Mines Ltd M $0.30-$0.49
IAR-V Island-Arc Res Corp M $0.20-$0.29
JDX-T Jordex Resources Inc T $0.30-$0.49
KWE-C Keywest Energy Corp T $0.50-$0.75
LCR-V Lucero Resource Corp T †$0.50-$0.75
LVD-V Lucre Ventures Ltd T $0.30-$0.49
LTG-V Luxmatic Technologies NV M $0.30-$0.49
MMG-T MacMillan Gold Corp T $0.30-$0.49
MGJ-V Major General Res Ltd M $0.20-$0.29
MDR-V Mansfield Minerals Ltd T $0.76-$1.00
MR-T Metallica Resources Inc M $0.50-$0.75
MAI-C Minera Andes Inc M $0.50-$0.75
MAD-V Miranda Industries Inc M $0.20-$0.29
MH-C Mt Hope Resources Corp T †$0.10-$0.19
NVR-C Navigator Expl Corp M $0.76-$1.00
NSU-T Nevsun Resources Ltd M $0.50-$0.75
NBL-V New Blue Ribbon Res Ltd M †$0.20-$0.29
NCS-V New Claymore Res Ltd T †$0.50-$0.75
NRQ-V Nordac Resources Ltd M $0.20-$0.29
NMI-V North American Medical M $0.30-$0.49
NDM-V Northern Dynasty Minerals T $0.30-$0.49
ORZ-M Orezone Inc T $0.30-$0.49
ONV-C Oro Nevada Resources T $0.30-$0.49
PCR-V Pacific Amber Res Ltd L $0.20-$0.29
PFG-T Pacific Rim Mining Corp T $0.76-$1.00
PNC-C Parton Capital Inc L $0.10-$0.19
PHR-V Pathfinder Resources Ltd T $0.20-$0.29
PVO-V Peruvian Gold Ltd L $0.30-$0.49
PSM-T Pioneer Metals Corp T †$0.10-$0.19
PMN-
above from
canspecresearch.com
NEWS PIONEER NEW URANIUM DRILLS...Timmy just don't like my ...Alberta and Arizona Picks much anymore, I better try again, LOL.
Pioneer Metals Corp -
Pioneer Metals Riou Lake drilling results
Pioneer Metals Corp PSM
Shares issued 49,504,057 1999-06-01 close $0.15
Wednesday Jun 2 1999
Mr. Stephen Sorensen reports
Pioneer Metals has received the results of the 1999 winter geophysics and drilling program at its Riou Lake uranium project, Athabasca Basin, Northern Saskatchewan, Canada. Pioneer is operator of the project. Work was carried out on both the 100 per cent Pioneer owned Riou Lake claims as well as those optioned to Cameco Corporation. The results of the program were presented to Cameco representatives at Pioneer's offices late May. The program has added significant value to the property because it established the presence of both a structural and a hydrothermal uranium-mineralizing system. Thus, the likelihood of a uranium deposit being discovered at Riou Lake has increased. Cameco's exploration team indicated it was encouraged by the progress and reaffirmed its financial commitment to the project.
Under the direction of Pioneer's consulting geophysicists and geologists, a 12-week program of ground geophysics and drilling was carried out this past winter, commencing Jan. 11. Quantec Consulting Inc. collected 150 line kilometres of geophysical data on three separate grids during the first six weeks of the program, mainly on the PM claims optioned to Cameco. Eight diamond drill holes totalling 4,687 metres were completed by Midwest Drilling Ltd. Seven of the eight holes successfully tested the unconformity, which lies at depths between 500 and 700 metres. The four holes drilled on the PM claims (RLGD-1, 2, 7 and 8) tested targets identified by geophysical surveys from both the 1999 and 1998 winter programs. The remaining drill holes are on the 100 per cent Pioneer owned Riou Lake claims (RLGD-3, 4, 5 and 6) and were intended to provide geological information.
Drilling has confirmed that the essential elements of the unconformity-type uranium deposit model are found at Riou Lake, specifically that:
the basement lithology in the magnetic lows is pelitic;
graphitic conductors are present within these pelitic basins;
the Riou Lake corridor has undergone considerable post-Athabasca tectonism;
hydrothermal alteration has affected the region;
conditions are favourable for the preservation of uranium.
Prior to Pioneer's drilling at Riou Lake this winter, no drill holes had tested the basement rocks in the Riou Lake corridor. The Riou Lake corridor is characterized by a line of dissected magnetic lows striking in a west-northwesterly direction across the otherwise northeast-trending magnetic anomaly pattern south of Lake Athabasca. Pioneer's geologists and geophysicists had speculated that these were caused by a pelitic basement underlying the Athabasca group sandstones. A pelitic basement underlies all of the major uranium deposits in the Athabasca Basin. Pioneer's drilling tested a number of these lows and intersected pelite in five of the seven holes that tested basement rocks (RLGD-1, 3, 6, 7 and 8). After conducting a petrographic study of Pioneer's drill holes, Saskatchewan Research Council staff, which have studied most of the uranium deposits in the Athabasca Basin, describe the Riou Lake basement as fertile for unconformity-type uranium mineralization.
The ground geophysics program discovered a significant electromagnetic anomaly (the KC conductor) within a previously unsurveyed magnetic low lying immediately to the south of the uraniferous boulder field at the east end of Riou Lake (the W zone, see Stockwatch Sept. 24, 1998). A new grid, the W grid, was established to further define this conductor. Interpretation of the electromagnetic results from the W grid by Pioneer's geophysicists, in collaboration with geophysicists from Cameco and Quantec, pinpointed two targets which were subsequently drilled (RLGD-7 and 8). Drilling of hole RLGD-8 proved that the KC conductor is caused by a zone of basement graphite conductors hosted within a mylonitized zone in a pelite basin. The presence of a graphitic basement conductor is thought to be an essential element of the unconformity-type uranium deposit model in the Athabasca Basin. The individual graphite bands grade up to 15 per cent graphite and show evidence of alteration. Pioneer is especially pleased that the conductor is wholly located on land, making it accessible for year-round drilling.
The Riou Lake property, particularly the eastern area, is highly tectonized. Drilling at three drill holes intersected breccia zones in the sandstone (RLGD-1 and 2) and at the unconformity (RLGD-7). The breccia zone at RLGD-7 is associated with a reverse fault structure that offsets the basement by 60 metres, delineating a sandstone wedge similar to those associated with some uranium deposits found in the Wollaston belt. If all three breccia zones were part of the same structure, it would indicate the presence of a major west-northwest fault system. RLGD-6 proved the presence of a graben in the central Riou Lake area. The graben is a fault-bounded block that has been displaced downward with respect to the neighbouring rocks in excess of 100 metres. The direction of the bounding faults are inferred to trend north-northeast. The presence of two major fault trends at roughly right angles will result in many highly brecciated, open cross-fault structures on the property. Further study of the area this summer will map and provide targets for drill testing of the fault structures in and around Riou Lake. Brecciated fault zones provide the plumbing system required for the development of stable hydrothermal focused flow that carries uranium and associated metals - the hydrothermal system.
Geoscientists from SRC are of the opinion that the strong bleaching and clay alteration in the sandstone observed in RLGD-1, 7 and 8 and the Numac hole (see Stockwatch Sept. 24, 1998), indicate the presence of a hydrothermal system. These holes are contained within a six square kilometre area inside the PM claims. Discrete alteration was also recognized in other holes within the sandstone and into the basement, demonstrating the regional extent of the phenomenon. Geochemical analysis of the core shows that there is a strong uranium anomaly at the unconformity under much of the Riou Lake property. Anomalous uranium was encountered in the seven drill holes that reached the unconformity with values as high as 330 parts per million (background equal to five parts per million). Anomalous uranium (12 ppm over a background of 0.25 ppm) in RLGD-1 associated with anomalous lead, cobalt, nickel, boron and arsenic was also detected in sandstone fractures as high as 620 metres above the unconformity. The vertical extent of these metals is particularly significant in that it shows the strength and magnitude of this hydrothermal plumbing system that has removed these metals from their source and circulated them so close to surface.
The pervasive presence of pyrite and siderite in the sandstones throughout the property confirms that the sandstones in their more recent history did not suffer oxidizing conditions. This would have helped to preserve any uranium mineralization emplaced by the hydrothermal system.
In every sense, the winter's exploration effort met and exceeded expectations in that it proved the presence of the essential elements of the unconformity-type uranium deposit model on the property. Presently, Pioneer's consultants are assessing the last of the geochemical and X-ray analyses of the core from the winter program. In order to provide specific areas of interest for the summer field program, an air photo study and analysis of a reprocessed detailed aeromagnetic survey dating from 1979 are about to begin. The summer program of reconnaissance and detailed geological mapping, till boulder studies, lake sediment geochemical surveys, and a borehole EM geophysical survey of RLGD-7 will begin in mid-July and continue for four to five weeks.
canada-stockwatch.com
Chucka |
