After dropping to its lowest level in almost a year last week, the uranium spot price is expected to sink again this week.
Articles Tagged "Nuinsco Resources"
Nuinsco Resources reports that P&E Mining Consultants has completed an exploration target mineralization inventory on the Prairie Lake project, Ontario. The ETMI sets the target estimate for the two areas drill-tested to date, the SW Zone and Jim’s Showing (see map below), at between 330 and 360 million tonnes averaging 3.5% to 3.7% P2O5 and 0.12% to 0.14% Nb2O5 [...]
Nuinsco Resources repots the closing of a further tranche of its non-brokered private placement for up to 22,222,222 units at a price of $0.09 per unit. The funds from the Private Placement will to be used for exploration on the Diabase Peninsula uranium project in Saskatchewan’s Athabasca Basin and the Company’s other projects in Canada. For [...]
Nuinsco Resources Limited reports that it has signed a binding Heads of Agreement to sell a 100% interest in its Cameron Lake Gold project. Under terms of the binding Heads of Agreement, Nuinsco will receive total consideration valued at approximately $12 million allocated as follows (all currency amounts in Canadian dollars, unless otherwise indicated): $100,000 on [...]
Nuinsco Resources reports an oral agreement was done regarding its bridge loan lenders. As part of the agreement to extend the maturity date to June 15, 2009, the Company will increase the existing security, which is restricted to the Company’s shares of Victory Nickel Inc., to include the Cameron Lake gold deposit and its shares [...]
Nuinsco Resources and partner Temex Resources report positive results from Marijane Lake and Huston Lake uranium properties. Drill testing of select anomalies is now underway. Discrete areas anomalous in uranium range up to 0.5 km by 1.5 km within anomalous trends up to 4.0 km in length. Ian Campbell, President and CEO of Temex comments: ”We are [...]
Nuinsco Resources provides an update of ongoing activity at Huston Lake/Marijane Lake uranium property. Anomalies on the property occur in discrete zones ranging from 0.2 to 0.5 kilometres long to broad areas of higher radioactivity over several kilometres along the 45 kilometre strike length of the claim group. Mineralogical work has confirmed the primary uranium mineral uraninite [...]
Nuinsco Resources and its partner Temex Resources Corp. reports they have completed final execution of the Option and Joint Venture Agreement. The work on the first phase of exploration has begun. The Agreement grants Nuinsco the option to acquire a 50% interest in the Marijane Lake and Huston Lake Uranium Properties (the “Claims”), by expending a total of $750,000 [...]
(July 3)Nuinsco Resources reports further assays with anomalous uranium levels from Diabase Peninsula, Athabasca Basin, Saskatchewan. The two drill holes, ND-08-07 and ND-08-08, were collared approximately 11 kilometres apart. ND-08-07 was drilled in an area about two kilometres north of the project’s main target area to test for an interpreted cross-fault, while ND-08-08, the most northerly [...]
TORONTO, ONTARIO–(MARKET WIRE)– Nuinsco Resources Limited (Toronto:NWI.TO – News) (www.nuinsco.ca) today announced that results from a gravity survey conducted at the Diabase Peninsula uranium project in Saskatchewan’s Athabasca Basin during April has identified several domains of lower-density rock that are consistent with the presence of hydrothermally altered, desilicified, sandstone often found in proximity to uranium [...]