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SS; Situation Update ~ World War III and the Imminent Collapse of the US Dollar.
Situation Update Published July 16, 2022
https://rumble.com/v1ci0qj-situation-update-world-war-iii-and-the-imminent-collapse-of-the-us-dollar..html
JUDY BYINGTON INTEL: RESTORED REPUBLIC VIA A GCR HUGE UPDATE AS OF JULY 16, 2022 - TRUMP NEWS
Trump News Channel Published July 16, 2022
https://rumble.com/v1chjk7-judy-byington-intel-restored-republic-via-a-gcr-huge-update-as-of-july-16-2.html
UPDATES COMING IN THE NEXT 24H - DONALD TRUMP INITIATED A CONTINUITY OF GOVERNMENT PLAN
Trump News Channel Published July 15, 2022
https://rumble.com/v1ce91j-updates-coming-in-the-next-24h-donald-trump-initiated-a-continuity-of-gover.html?mref=6zof&mrefc=8
Clif High: The Jabbed Are About To Get A Rude Awakening!
Patriot Movement Published July 15, 2022
https://rumble.com/v1ceigp-clif-high-the-jabbed-are-about-to-get-a-rude-awakening.html
BIG SITUATION SHOCKING NEWS & JUDY BYINGTON INTEL UPDATE TODAY 07/11/2022 - TRUMP NEWS
Trump News Channel Published July 15, 2022
https://rumble.com/v1ce7lv-big-situation-shocking-news-and-judy-byington-intel-update-today-07112022-t.html
PRESIDENT DONALD J. TRUMP LIVE FROM PRESCOTT, AZ JULY 22ND, 2022
by RSBN Studio
07/13/22
President Donald J. Trump, 45th President of the United States of America, will be
joined by endorsed candidates, members of the Arizona congressional delegation,
and other special guests on Saturday, July 22, 2022, in Prescott Valley, AZ.
This Save America rally is a continuation of President Trump’s unprecedented effort
to advance the MAGA agenda by energizing voters and highlighting America First candidates and causes.
((( Saturday, July 22, 2022, at 4:00 PM MST )))
President Donald J. Trump, 45th President of the United States of America, Delivers Remarks
https://www.rsbnetwork.com/video/president-donald-j-trump-live-from-prescott-az-july-16th-2022/?mc_cid=d10c22f780&mc_eid=a19c8148b2
Venue:
Findlay Toyota Center
3201 Main St.
Prescott Valley, AZ 86314
Special Guest Speaker:
Kari Lake, Trump Endorsed Candidate for Governor of Arizona
Blake Masters, Trump Endorsed Candidate for U.S. Senate in Arizona
Abe Hamadeh, Trump Endorsed Candidate for Attorney General of Arizona
State Rep. Mark Finchem, Trump Endorsed Candidate for Secretary of State of Arizona
and State Representative from Arizona’s 11th District
Sheriff Mark Lamb, Pinal County Sheriff
Kelli Ward, Chairwoman of the Republican Party of Arizona
Mike Lindell, Inventor and CEO of My Pillow
Timeline of Events:
6:00AM – Parking and Line Opens
11:00AM – Doors Open and Entertainment Begins
1:00PM – Special Guest Speakers Deliver Remarks
4:00PM – 45th President of the United States Donald J. Trump Delivers Remarks
General Admission Tickets:
REGISTER HERE
Request Media Credentials:
REGISTER HERE
All requests for media credentials must be submitted by Thursday, July 14, 2022, at 4:00PM MST.
https://www.rsbnetwork.com/video/president-donald-j-trump-live-from-prescott-az-july-16th-2022/?mc_cid=d10c22f780&mc_eid=a19c8148b2
CDD; SOUND THE ALARM! DECISION SOON? DURHAM MOVES! BIDEN EXPOSURE! NATO EXPOSED! NOW! PRAY!
Trump News Channel Published July 15, 2022
https://rumble.com/v1ce6ot-7.14.22-sound-the-alarm-decision-soon-durham-moves-biden-exposure-nato-expo.html
Are Corrupt Feds Distracting Us From The Truth About Everything? | Justinformed News
Patriot Movement Published July 15, 2022
https://rumble.com/v1cbzon-are-corrupt-feds-distracting-us-from-the-truth-about-everything-justinforme.html
ATTENTION! Dr. 'Judy Mikovits' "WARNING TO HUMANITY" 'David Nino Rodriguez' Interview
AndreCorbeil Published July 12, 2022
https://rumble.com/v1c1qal-attention-dr.-judy-mikovits-warning-to-humanity-david-nino-rodriguez-interv.html
US Navy Revolt Slams Biden Secret Plot To Oust Over 500,000 Troops
https://www.whatdoesitmean.com/index3977.htm
Iran Plotting to Assassinate Trump and Pompeo in Revenge for Soleimani Killing, US Intel Leak Shows
David HawkinsJuly 14, 20222 Comments
https://slaynews.com/news/us-intel-leak-says-iran-plotting-to-assassinate-donald-trump-and-mike-pompeo-in-revenge-for-soleimani-drone-strike/
2000 MULES BY DINESH D’SOUZA DOCUMENTARY - best news here
This is the official 2000 Mules movie.“2000 Mules,” a documentary film created
by Dinesh D’Souza, exposes widespread, coordinated voter fraud in the 2020
election, sufficient to change the overall outcome. Drawing on research provided
by the election integrity group True the Vote, “2000 Mules” offer..
https://bestnewshere.com/2000-mules-by-dinesh-dsouza-documentary/
THE EU FINALLY ADMITS THE VACCINE DESTROYS YOUR IMMUNE SYSTEM COMPLETELY - TRUMP NEWS
Trump News Channel Published July 10, 2022
https://rumble.com/v1bqnvt-the-eu-finally-admits-the-vaccine-destroys-your-immune-system-completely-tr.html
$CH Excellent Video Thanks;
https://live.aflds.org/
God Bless America
Amen
Mesa Exploration Cor (MSA)
0.2 ? 0.0 (0.00%)
Volume: 11 @- ET
Bid Ask Day's Range
0.18 0.275 - - -
TSX:MSA Detailed Quote Wiki
Mesa Exploration Cor (MSA)
0.31 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.31 0.38 - - -
TSX:MSA Detailed Quote Wiki
Mesa Exploration Cor (MSA)
0.54 ? 0.03 (5.88%)
Volume: 11,800 @ 2:32:55 PM ET
Bid Ask Day's Range
0.49 0.54 0.485 - 0.54
TSX:MSA Detailed Quote Wiki
Mesa Exploration Cor (MSA)
0.34 ? -0.035 (-9.33%)
Volume: 13,000 @ 3:37:45 PM ET
Bid Ask Day's Range
0.34 0.37 0.34 - 0.34
TSX:MSA Detailed Quote Wiki
Mesa Exploration Cor (MSAJF)
0.4 ? -0.0115 (-2.79%)
Volume: 1,350 @ 12:52:46 PM ET
Bid Ask Day's Range
- - 0.393 - 0.4
MSAJF Detailed Quote
Mesa Exploration Cor (MSA)
0.6 ? 0.02 (3.45%)
Volume: 2,500 @ 12:09:03 PM ET
Bid Ask Day's Range
0.57 0.69 0.6 - 0.6
TSX:MSA Detailed Quote
Mesa Exploration Cor (MSAJF)
1.08 ? 0.0033 (0.31%)
Volume: 1,500 @ 2:10:19 PM ET
Bid Ask Day's Range
- - 1.0775 - 1.08
MSAJF Detailed Quote
Mesa Uranium Corp. (MSA)$1.31 up $0.3 +29.70%
Volume: 251,873 @ 3:59:47 PM ET
Bid Ask Day's Range
1.29 1.33 1.03 - 1.45
Mesa Uranium Corp (MSAJF)$1.2849 UP 0.2629 +25.72%
Volume: 29,610 @ 3:59:13 PM ET
Bid Ask Day's Range
- - 1.05 - 1.3963
MSAJF Detailed Quote
history often repeat itself -
higher before WWII som say prepare for WWIII ?
read the comments about the 0-administration -
http://beforeitsnews.com/story/399/615/All_Ambassadors_Called_Back_to_Washington.html
A Little Moab History -
In early 1952 an unemployed Texas geologist named
Charley Steen discovered one of the the mines in the
World's largest concentrations of uranium ore
near Moab, Utah.
Steen became an instant millionaire and set off a modern
day mining boom -
His Mi Vida Mine is famous for sitting in the largest
high-grade pitchblende (uranium) ore body ever discovered
at that time in the United States,
last valued at more than 160 Million (1953 dollars -
about $1.6 Billion in 2007 fiatz-dollars)....
Mesa Uranium Corp. (MSA)fiat $0.97 UP $0.03 +3.19% smile
Volume: 28,999 @ 2:09:53 PM ET
Bid Ask Day's Range
0.92 0.98 0.92 - 0.98
Full TSX:MSA Quote
http://investorshub.advfn.com/boards/board.aspx?board_id=9679
Mesa Uranium Corp. (MSA)fiat $0.97 UP $0.03 +3.19%
Volume: 28,999 @ 2:09:53 PM ET
Bid Ask Day's Range
0.92 0.98 0.92 - 0.98
Full TSX:MSA Quote
http://investorshub.advfn.com/boards/board.aspx?board_id=9679
Mesa Uranium Closes Private Placement
December 07, 2010 --
http://investorshub.advfn.com/boards/board.aspx?board_id=9679
http://www.mesauranium.com/s/NewsReleases.asp?ReportID=432345&_Type=News-Releases&_Title=Mesa-Uranium-Closes-Private-Placement
Mesa Uranium Corp.
(TSXV: MSA) ("Mesa" or the "Company") is pleased to announce it has closed the previously announced non brokered private placement of 1,300,000 units (the "Units") at a price of $0.25 per Unit for gross proceeds of $325,000. Each Unit consists of one common share (a "Share") in the capital of Mesa and one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") in the capital of Mesa at a price of $0.35 per Warrant Share. The Warrants will expire 24 months from the date of issue unless the closing price of the common shares has been $0.50 or higher for 20 consecutive trading days, in which case the Warrants will expire if not exercised within 30 days. The securities issued under the Offering are subject to a four month hold period expiring April 6, 2011.
Proceeds from the Offering will be used to advance Mesa's exploration projects and for general working capital. Certain insiders of the Company participated in the offering.
About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. For further information please visit our website at www.mesauranium.com.
ON BEHALF OF THE BOARD
MESA URANIUM CORP.
(signed) Foster Wilson, President and CEO
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com
For further information call:
Susan Bertling, Corporate Communications, 604-688-7508
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
You can view the Previous News Releases item: Mon Nov 8, 2010, Mesa Uranium Announces Private Placement
You can return to the main News Releases page, or press the Back button on your browser.
http://www.mesauranium.com/s/NewsReleases.asp?ReportID=432345&_Type=News-Releases&_Title=Mesa-Uranium-Closes-Private-Placement
Mesa Uranium Corp. - Latest News Releases -
http://investorshub.advfn.com/boards/board.aspx?board_id=9679
December 07, 2010 Mesa Uranium Closes Private Placement
November 08, 2010 Mesa Uranium Announces Private Placement
September 08, 2010 Mesa Engages Continental Metallurgical Services
September 02, 2010 Mesa Uranium Signs Definitive Agreement on the Holbrook Potash Project
August 25, 2010 Mesa Signs Letter of Intent to Acquire Potash Project
July 14, 2010 Mesa Signs Letter of Intent on the Holbrook Potash Project
http://www.mesauranium.com/s/NewsReleases.asp
Any thoughts on AEFI? American Energy Fields, Inc. I'm watching them and the news release seems to point at more "pounds in the ground". They are on the move.
Just finished reading a heck of a book called, "Game Over" by Stephen Leeb. IMO, it is an excellent read. He has very high praise for an Australian company called Energy Resources (EGRAF).
He predicts this will be one of the fastest growing of all commodity companies out there in this sector. It should certainly be one to keep in mind when all these new nuclear reactors get going.
GLTA
DNN bull flag breakout - we'll know over the next few..?..
God Bless
Uranium will be making a come back in 09 imo!
Cameco Reports Update on Dewatering at Cigar Lake -
Tuesday August 12, 9:15 pm ET
SASKATOON, SASKATCHEWAN--(MARKET WIRE)--Aug 12, 2008 -- ALL AMOUNTS ARE STATED IN CDN $ (UNLESS OTHERWISE NOTED)
Cameco Corporation -
(Toronto:CCO.TO - News) (CCJ - News) reports that remediation work at the No.1 Shaft at its Cigar Lake uranium project was temporarily suspended today after an increase in the rate of water inflow to the mine was observed.
"Remediation and dewatering of the No. 1 Shaft had been progressing smoothly up to this point," said Tim Gitzel, Cameco's chief operating officer. "An inflow at this rate is disappointing but our remediation plan, as approved by our joint venture partners, recognized the risk and included specific actions to be taken at various levels of inflow."
No. 1 Shaft had been pumped down to 430 metres below surface when the increase was reported early Tuesday morning. Work in the shaft was suspended a few hours later. During the day, the inflow rate increased steadily to approximately 600 cubic metres per hour (m3/hr), which is beyond the range that can be managed while sustaining work in the shaft. The mine has a total depth of 500 metres and the mine underground workings are at the 480-metre level.
Work in the shaft has been suspended while the situation is assessed to determine the source and characteristics of the inflow, implications for planned remediation work and the impact, if any, on our planned production date.
Our current plan is to allow the water level in the shaft to rise to approximately 100 metres below surface. This will allow additional data to be gathered from instruments used to monitor groundwater conditions. As the water level rises, the rate of inflow will naturally diminish. This information will be analyzed to determine next steps. After this is complete, the water will be allowed to return to the natural equilibrium level.
As previously disclosed, the remediation plan for Cigar Lake includes options to address excess inflows including additional grouting from surface and ground freezing if necessary.
Pumping capacity is 1,000 m3/hr from four dedicated dewatering pumps installed in wells down to the 500-metre level. The water management system is limited by the treated water release limit of 550 m3/hr under the existing licence. There is a 74,000 cubic metre contingency storage pond at the surface that allows pumping at rates above the release limit for a limited period.
We will provide an update in our second quarter news release which will be issued on Thursday, August 14 with a conference call to follow at 11:00 a.m. Eastern time.
Qualified person
The above scientific and technical information for Cigar Lake was prepared under the supervision of Grant Goddard, a professional engineer employed by Cameco as the general manager of the Cigar Lake project and a qualified person for the purpose of National Instrument 43-101.
Profile
Cameco operates and owns 50% of the Cigar Lake project located in northern Saskatchewan. Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest uranium producer. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.
Contact:
Contacts:
Cameco Corporation
Investor & media inquiries:
Alice Wong
(306) 956-6337
Investor inquiries:
Bob Lillie
(306) 956-6639
Media inquiries:
Gord Struthers
(306) 956-6593
Website: http://www.cameco.com
Source: Cameco Corporation
http://investorshub.advfn.com/boards/board.aspx?board_id=2690
Here are some recent Energy and Capital issues our readers
picked as their favorites:
* Uranium Prices in 2008: $255/lb. Is Just the Beginning
http://www.energyandcapital.com/subscribe/1752?gclid=CN6LzbT065QCFSY1agodJ0TwSQ
God Bless
Uranium News ....
http://www.uranium-stocks.net
34 new nuclear plants required in the United States
June 17, 2008
The United States nuclear power industry is planning to build 34 new nuclear power plants bringing the total to 134 nuclear reactors going forward. However these projects take time to bring on stream with estimates of 4 to 8 new nuclear plants operational by around 2016. There are a few fences to be cleared along the way including skyrocketing commodity costs, solutions for radioactive waste disposal, forward prices in electricity markets and environmental compliance costs, according to Steve Gelsi of MarketWatch.
Exelon Corporation, CEO John Rowe, said at a recent industry gathering.
“The electric sector’s dependence on natural gas exposes our customers to unacceptable price volatility, and our companies to political and regulatory stress.”
We agree, to have a spread of options regarding power generation is the common sense thing do. History shows us that depending on oil for instance in the ‘70s’ left us wide open to price increases that we could do nothing about. Talking about the ‘70s’ Patrick Moore, co-founder of Greenpeace and a nuclear power supporter had this to say:
“I think a lot of people are kind of stuck in the ’70s. … I think people haven’t caught up with the fact that climate change has changed the whole climate of the environmental debate on this planet,”
The objections are coming thick and fast though as Alex Matthiessen, president of RiverKeeper and referring to Indian Point plant in Buchanan, N.Y
“It’s a clear terrorist risk and it’s the wrong plant at the wrong time in very much the wrong place, of all the nation’s nuclear power plants, this one clearly is a unique case and deserves to be retired as quickly as possible.”
Terrorist risk, nuclear waste, etc, there is still a lot of work to do to win over these people, but it is a debate we just cannot afford to lose as there is no credible alternative.
Please add PKN to your iBox. See #board-12319
Thanks AngelHillCorp!
RSDS ~ 1 / 5000 RS ~ New Symbol RUSL
02/29/2008 12:53:28 PM|NBB|RSDS|Russell Industries, Inc. New Common Stock||1-5000 R/S|03/03/2008|||New symbol: RUSL
The recent price action of NLR is suggesting a break out is on the horizon. Suggest all stay alert for another run right around the corner...
Here's a new uranium services company, ES. The board is #board-11247
Considering Canada is the world's 3rd largest holder of uranium does anybody know of any good cdnx stocks to play around with?
Any idea of where uranium is going into 2008?
San Juan County was the source of 83% of the one
hundred and eleven million pounds of U308 produced in Utah -
up until 1982, together with 60 million pounds of vanadium....
well, the old miners only got a smell -
of the deeper treasure deposits ec. -
the mining was very sporadic and short -
with the prev. low uranium and
vanadium bullion prices -
dd....
Russell Industries, Inc.
9595 Six Pines
The Woodlands, TX 77390 USA
CEO/ Richard M. Berman
Phone: 832-631-6000
Fax: 281-298-9055
Email: Rusind@aol.com
Website:
http://www.ru308.com/
A Nevada Corporation.
http://investorshub.advfn.com/boards/board.asp?board_id=7773
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22393685
ABVG ready for a huge uptick.
Conference Call set for Nov 16
Check it out!
Universal Power Sparks Investor Interest with its Newest Uranium Acquisition in Tanzania
By Hsiao Lin
http://www.resourcexinvestor.com/news.php?id=2935
Universal Power Corp. (TSX.V: UNX, FSE:3U2A) is beginning to catch fire in the minds of investors as it picks up speed with its latest acquisition in Tanzania’s Karoo super group – and prepares to release its 43-101 and the outline for the property’s drill program.
The company’s website describes its recent acquisition of a 90% interest in two key acquisitions with uranium potential in Tanzania. The Madaba and Mkuju prospects cover over 1000 km2 along the extension of the Malawi Kayelekera Uranium zone that Paladin Resources (ASX, TSX.V:PDN) has been developing over the last few years.
Located on map section QDS (Quarter Degree Sheets) 253, the Madaba area is part of Luwegu River Basin of the East African Karoo super group. The Karoo is the African equivalent of the Canadian Shield – a very large, very old geological formation that has been the scene of numerous, rich mineral discoveries.
The Mkuju occurrence is situated in QDS 278/3, 289/1 & 2 and 290/1. The geology consists of mainly sandstone. The richest uranium deposits are typically found in sandstone formations, and are known as roll-front deposits – so named for the crescent shape the uranium (in solution) makes at the interface between oxidizing and reduction conditions within the permeable sandstone or conglomerate host rock. Famous examples of roll front deposits include the Mi Vida mine near Moab, Utah, and the deposits found on the Colorado Plateau. The Karoo super group is known to host major uranium deposits (of both the roll-front and unconformity variety), yet much of it remains underexplored.
The Karoo system in southern Tanzania continues into Malawi and is separated by Lake Nyasa, with the Karoo on the other side of the lake having similar geology. This has been confirmed with Paladin’s discovery of the Kayelekera Deposit (a roll-front deposit), which has a 43-101 compliant current resource of over 25,000,000 pounds of U3O8 . Paladin has recently had its bankable feasibility study approved, and is due to go into production in late 2008.
Historic airborne and ground radiometric surveys carried out over Universal Power’s entire property have revealed over 10 Uranium and Thorium anomalies at Mkuiu. Drilling done by Geosurvey International (GmbH) has returned intersections grading 0.04% Uranium oxide over 11.7m – the richest of which contained 0.122% Uranium oxide over 1.6m from a depth 79.5 to 81.1m.
The company is in the process of completing its 43-101 report on the prospects and expects to have it in hand by the end of the month. A drill program based on the report’s recommendations will be implemented in November.
Tanzania has attracted a great deal of attention recently due to a combination of factors that create a favourable investment climate: inherent mineral wealth, political reforms geared toward the free-market, low labor costs, and, of course, high metals prices. According to the Tanzanian Geological Survey’s website, “much of the present exploration activity in Tanzania is concentrated in gold, base metals, platinum group metals (PGM), uranium, gemstones, diamonds and industrial minerals. Tanzania has excellent geological databases, good infrastructure, attractive mineral policy and readily available exploration services. These factors make investing in Tanzania attractive and cost effective”.
The meteoric rise in uranium prices from $7.00/lb U3O8 in December 2000 to US$138.00/lb U3O8 in June 2007 has turned investors’ attention to new exploration venues, making Tanzania especially interesting as of late. Paladin’s website states that “despite the significant rise in reported uranium prices, world primary uranium production only increased by 2,540 metric tons U3O8 (5%) in calendar year 2005. In fact, in the first six months of 2006, uranium production in the two dominant production centers, Canada and Australia, actually declined by 2,610 metric tons U3O8 (19.5%), demonstrating the fragility of the existing supply chain.”
The Tanzanian acquisitions represent a pivotal point in Universal Power’s development, as it rounds out the company’s portfolio of properties, enabling the company to conduct a year-round drilling program.
For several reasons, this is a particularly auspicious time for investors, who can expect a great deal of news in the coming months. This most recent acquisition, as well as the impending 43-101 and drill program, create a solid platform for the next stage of the company’s growth and diversification. Investors can also look forward to another acquisition – a polymetallic prospect – in the next month or so. The market is reflecting this anticipation, as UNX is trading around its 52-week high, in the $0.70 range.
“We think we have a well-diversified portfolio chasing gold, uranium, and base metals,” said Barry Swanson, the company’s president and CEO. Given that the uranium market outlook is predicted to remain strong during the mid to long term, management plans on continuing its momentum forward. “From a shareholder’s point of view, we’re well positioned in area plays. We have a strong management team....the timing’s right, we’re diversified enough.” said Mr. Swanson.
The company is also exploring for uranium and IOCG (iron ore, copper, and gold) in the Great Bear Lake area of the Northwest Territories, as well as for uranium in the Sibley Basin in northwestern Ontario.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Atomic Acquires Uranium Potential on Shores of Lake Nyasa, Tanzania
By Sylvia Young
Atomic Minerals (TSX.V ATL) is applying some old real estate wisdom to its newest uranium acquisition in Tanzania: location, location, location – as well as a room with a view. This thinking nets the company over one million acres of prime ground in an area known for hosting sizeable uranium deposits.
As per its October 3rd press release, Atomic has signed an amended letter of intent (LOI) with Geo Can Resources Company Ltd. to acquire up to 90% interest in over 1,300,000 acres of uranium property in southwest Tanzania divided into 10 separate licenses. As a result of this amendment, Atomic stands to double the size of its holdings in Tanzania.
In addition to the non-refundable deposit of US$65,000 which the Company already paid Geo Can on July 25th, Atomic paid Geo Can US$300,000 on execution of the amended LOI as well as reimbursing Geo Can for land registration fees of US$42,000.
The agreement is subject to the results of Atomic’s due diligence on the Property (including the preparation of a title opinion and a Technical Report pursuant to National Instrument 43-101) and TSX Venture Exchange (“TSX-V”) approval. The property will also be subject to a 2% NSR royalty, which Atomic may buy out at any time for US$5 million.
The property is located on the on the shores of Lake Nyasa (which, in neighboring Malawi, is known as Lake Malawi) and extends into the Ruhuhu Basin in southern Africa’s vast Karoo Basin system – an area known to contain significant sandstone-hosted roll front deposits. Roll fronts are found around the world and are the type of uranium deposit mined by the in-situ leaching method. Famous examples of roll fronts are the Colorado Plateau and the world-class Mi Vida, near Moab, Utah. The southwestern part of Tanzania offers investors several possibilities for uranium discovery due to the fact that the Karoo Basin and the Usagaran-Ubendian belt host a number of different types of uranium deposits, the most economical of which are roll front and unconformity “vein” type.
Radiometric surveys carried out by Geo Can on the property indicate the potential for uranium. Several anomalous hits of over 3100 cps (cycles per second), including one of over 5000 cps have been recorded.
Other mining companies exploring in the area include Paladin Resources (Malawi), Universal Exploration and Western Metals (both in Tanzania). Located across Lake Nyasa, just 60 km from Atomic’s property PL4514 is Paladin’s Kayelekera Project (a roll front deposit), which has a current resource of over 25,000,000 pounds of U3O8 and is due to go into production in late 2008.
Western Metals, an Australian explorer whose Mtonya property is located in a neighbouring Karoo sequence east of Atomic’s Ruhuhu ground, has recently returned drilling results showing multiple thick subsurface uranium mineralized zones with initial assay results showing high-grade peak intersections of 7 metres at 1,233 ppm U3O8 (including 3 metres at 2,607 ppm U3O8).
High uranium prices have encouraged investors to broaden their horizons and to recognize opportunities farther afield. According to Western Metals, Tanzania represents a worthwhile investment. “Tanzania has an annual growth rate of 5.8% since 2006. The Mining Act of 1998 legislated a clear exploration and mining regime that guarantees against nationalization and expropriation with a fair, predictable tax regime. A Chubb Group World Risk Survey in 2006 had Tanzania in the 10 lowest investment risk countries.”
The Tanzanian government’s Department of Mines section of the national website showcases the government’s efforts to create an investment-friendly climate. It “mark[s] a clear shift in favour of private sector development and market-oriented economic management. With this effect the government has commenced on setting up constructive partnerships to promote private sector enthusiasm and accelerate economic growth. With these changes therefore, the roles [sic] of the government has been redefined from that of owning and operating the mines to that of providing a clear policy guidelines, stimulating private investment and providing support for investors.”
The company plans to complete a 43-101 report on all ten Tanzanian properties by November 1st, with the subsequent initial exploration program to be based on the report’s recommendations. A drill program will follow as soon as possible (prior to year end). Atomic’s near and mid-term goal is to continue to acquire additional land in the Ruhuhu Basin area and along the shore of Lake Nyasa, directly across the lake from Paladin’s Kayelekera Project Deposit. The company also seeks to build alliances and partnerships with key players in the area.
This pick has several advantages: Atomic’s property shows strong uranium anomalies in an area known to host big uranium deposits; it’s within close proximity to a proven reserve that is slated to go into production next year; and it’s in a country with a mining-friendly political climate. The icing on the [yellow]cake consists of high uranium prices projected over the long term, balanced with low labour costs and a reasonable taxation regime – all highlighting a profitable production scenario.
Uranium’s jump from US$7.00/lb U3O8 in December 2000 to US$138.00/lb U3O8 in
June 2007 served as a wake up call to investors. Decades of underinvestment, a lack of exploration, and strict regulations have led to a crippling worldwide supply shortage. The recent slump to US$78/lb is seen as a short term phenomenon, as there is a significant shortage of uranium mines in the pipeline for the near future. As the tide of public opinion continues to shift toward a more positive view of nuclear energy – due to its ability to produce large amounts of stable electricity output with minimal environmental costs – the need to delineate rich uranium reserves in politically stable environments grows more apparent.
In keeping with its focus on discovery and development in areas known for uranium mineralization, Atomic also has projects with work in progress in Delores, Grand, and San Miguel Counties, Colorado.
See the more documentation on Atomic Minerals and the company’s projects at www.atomicminerals.com.
This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.
Well Angel, World's largest concentrations of uranium ore
High grade ore from the Mi Mida Mine,
Lisbon Valley, Utah -
you fig. it out who owns it today -
and how much claims RSDS owns in the
fabulous mythical rich Lisbon Valley? -
Steen became an instant millionaire and set off a modern
day mining boom -
His Mi Vida Mine is famous for sitting in the largest
high-grade pitchblende (uranium) ore body ever discovered
at that time in the United States,
last valued at more than 160 Million (1953 dollars -
about $1.6 Billion in 2007 fiatz-dollars).
Charlie Steen's mine, Mi Vida - this old mine Lady started
the whole uranium boom in the Moab area -
This discovery unleashed a massive "uranium boom" on
the Colorado Plateau, and turned tiny Moab, UT into
"the uranium capital of the world."
The mine closed in the 1980s.
High grade ore from the Mi Mida Mine,
Lisbon Valley, Utah -
http://www.ru308.com/index.asp
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24255991
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57193
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57004
God Bless
To 'AngelHillCorp' on '~~ Uranium Haven ~~' -
thank You -
http://investorshub.advfn.com/boards/board.asp?board_id=9118
http://investorshub.advfn.com/boards/board.asp?board_id=7773
RSDS Uranium has reversed and is headed upwards now and
past old highs. Time to be buying is now....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24255991
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57193
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57004
God Bless
A little curious about which way uranium is going to go from here. It traded much higher in the Spring/Summer months, but it could run down or up from here. Kind of difficult to tell since it is so thinly traded on the NYMEX
http://www.profitquotes.com/commodities-quotes.mpl?c=UX&s=8F
By Eric Pratt
Canada’s Athabasca Basin is home to the world’s largest uranium mine, McArthur River. The mine, 30% owned by AREVA Resources and 70% by Cameco (NYSE:CCJ, TSX:CCO), produces approximately 18.7 million pounds of uranium per annum.
The McArthur River deposit contains a resource of 367 million pounds of uranium, and production grades average 20.5%; making it not only the biggest uranium mine in the world, but also the highest grade. Cameco and its partners have amassed a total of 673 million pounds of Uranium in 5 deposits throughout the Athabasca basin.
The grade and frequency of large deposits in the Athabasca Basin has resulted in the basin being widely perceived as the best place in the world to discover additional world class deposits. Currently the basin supplies approximately 30% of the world’s uranium at grades 20 times higher than those mined throughout the rest of the world.
Over the past several years there has been a rush of exploration companies acquiring land in the basin, with the hopes of discovering the next world class deposit. The stage is now set for Canada’s next big uranium discovery. Picking an explorer with a realistic chance at making a discovery is no easy task. We’ve found the key is to find companies that have completed the required prospecting, geophysics and mapping and are now actively drilling their properties. It can take up to two years before a company can properly define drill targets; most companies in the basin are still at this early stage.
Tribune Uranium (TSX.V: TCB) recently announced two separate drill programs in the basin.
According to the company’s Sept 18/07 news release, Tribune recently mobilized its exploration program, on its 60% owned 100,000 hectare North Shore Property, located immediately north of Lake Athabasca and 10 kilometers west of the Maurice Bay uranium deposit owned by Cameco. The Maurice Bay deposit, discovered in 1977, hosts 1.3 million pounds of Uranium.
Previous exploration at the North Shore Property, which included extensive ground and airborne geophysics, prospecting, geologic mapping, and drill testing, identified over 200 uranium occurrences and showings. One characteristic which sets the North Shore property apart from others in the basin is the relatively shallow depth of the basin on the west side. Exploration costs are significantly lower when holes only have to be drilled 100 feet in order to hit their targets.
This morning, Tribune announced that they had initiation a second drill program at their Botham Lake property. The Company has identified 19 preliminary drill targets at Botham Lake which have been prioritized by focusing on the projected intersection of conductors with cross-cutting structures, and then comparing the geophysical signatures to those of known deposits.
Also in the today’s release, Tribune announced that exploration on its highly prospective Dufferin Lake property has also begun. Dufferin Lake is immediately adjacent to the Cameco/UEM's Virgin River project and their recently discovered Centennial zone. Discovery holes at the Centennial zone intersected 18.3% over 5.3 metres and 6.72 per cent U3O8 over 5.2 metres. Significant uranium showings have already been reported by Cameco within 1 km of the Dufferin Lake properties and conductors follow portions of the Virgin River shear zone and the Dufferin Lake fault through the Dufferin Lake property.
Currently Tribune has 13,000,000 shares outstanding and a discovery on any of these properties would add significant upside to the share price.
While the price for Uranium has come off of its peak of $125 per pound earlier this year, it is still trading strongly in the $75-85 range, and speculation is likely to resume in the wake of market softness brought on by global money market issues.
According to a story September 6th in the Economist, “America's nuclear industry is about to embark on its biggest expansion in more than a generation.”
The reason for nuclear power’s resurgence as mankind’s best hope for the anticipated demand for increased power generation lies in the fact that it is so clean.
Every year, emission of more than 2 billion tonnes of CO2 world wide is avoided by nuclear power plants fuelled by uranium. In fact Dr Kupcis, Chair of the Canadian Nuclear Association, stated that “Without present-day nuclear capacity, Canada’s greenhouse gas levels would be between 15 and 20 percent higher.”
Existing nuclear plants in Canada avoid the emission of 100 million tonnes of carbon dioxide each year, emissions that would occur if fossil fuelled plants had produced the same electricity. Eighteen nuclear power plants provide about 15 percent of Canada’s electricity and make a significant contribution to reducing greenhouse gas and other emissions.
Electricity generation fuelled by uranium produces no carbon dioxide or other emissions that contribute to smog and acid rain. A number of independent studies have shown that life-cycle emissions for nuclear power plants – including construction, operations, fuel production, decommissioning and waste disposal – are comparable to other non-emitting generation systems such as hydro and wind.
Other studies have found that nuclear compares favorably with all other large scale sources of electricity in life-cycle cost analyses.
With world electricity demand expected to double by 2030, nuclear is an increasingly attractive option to help meet growing demand and many countries are turning to nuclear. This trend will support strong markets for Saskatchewan uranium into the future.
Tribune Uranium is a well structured exploration company focused on the acquisition and exploration of advanced stage, drill ready uranium projects. The company has an experienced management team with two joint venture exploration projects in the highly prospective Athabasca basin.
Tribune is actively evaluating additional properties that meet these criteria and expect to add high quality projects to their portfolio on an ongoing basis.
Frenchee ~ Thank You ~ taken care of ....
Please add NLT to your iBox. See #board-10098 Also, think EMU isn't trading anymore.
Fresno ~ Thank You ~ The board will get right on it ....
Why is DNN (DML.TO) not listed in your ibox...
They seem in a good position to take advantage of Uranium price increases. Had a great Q report (profitable) but it came out at bad market timing. If your looking for the "low dollar" action then you can buy options cheap right now.
_______________________________________________________
Uranium Explorers Fared The Worst In Recent Correction: Haywood
Last update: 8/23/2007 11:32:49 AM
TORONTO (Dow Jones)--Haywood Securities Inc. issued a research report on the uranium sector Thursday, projecting a rebound in spot prices by the end of the year following their recent slide.
Analyst Jim Mustard said a sharp increase in the spot price for uranium from April to June was caused by speculative discretionary buying from hedge funds, market traders and producers, rather than fundamental demand from utility companies.
In mid-June, the spot price hit a high of $136 a pound, and has since tumbled about 34%, Mustard said. However, he noted that the long-term contract price for uranium has resisted the fluctuations of the spot price, remaining in a narrow band of $85 to $95 since early March.
Mustard said utilities "seem to have taken a collective summer break," which, when combined with a lack of discretionary buying this summer, has put negative pressure on spot prices recently.
However, he believes primary mine/supply demand fundamentals haven't changed over the past few months, and that reports from India even point to a supply crunch.
"Thus, while the spot market has weakened and could weaken a tad more, by the end of the year prices could regain much of the lost ground, setting the stage for a robust 2008 and beyond," Mustard said.
His report highlighted the weakness in uranium stocks, which reflects the drop in the spot price as well as the recent overall market correction.
Mustard said companies already producing uranium have fared better than development- and exploration-oriented companies in this environment. From the beginning of July to Tuesday's close, producer Cameco Corp.'s (CCJ) stock dropped 29% in Toronto, while Denison Mines Corp. (DMM) fell 33%. Uranium One Inc. (UUU.T) was among the best-performing producers, but it still lost 20% over the same period.
Mustard said exploration-stage companies, which participated most in the upside caused by the rapid spot-price escalation, have seen their stocks decline more steeply. Aurora Energy Resources Inc. (AXU.T) lost 32% in the July 1-Aug. 21 period. Mega Uranium Ltd. (MGA.T) tumbled 44%. Development-stage uranium companies also took a big hit. Laramide Resources Ltd. (LAM.T) and Forsys Metals Corp. (FSY.T) tumbled 50% and 41%, respectively. New producer Paladin Resources Ltd. (PDN.T), which is ramping up production, sold off 30%. Overall, Mustard said producers registered an average 22% drop in equity value in the period covered by his report, versus 32% for explorers and 37% for developers.
He said the key to stabilizing the market will be a return of utility buyers seeking to fill inventory needs - "a signal to re-enter the market for discretionary buyers, who would once again add to an upward pricing bias."
Haywood or an affiliate has managed or co-managed a public offering of securities for Laramide in the past 12 months. It doesn't have an investment-banking relationship with the other companies cited here, nor does Mustard own shares of any of these companies.
-Carolyn King; 416-306-2100; AskNewswires@dowjones.com (END)
Dow Jones NewswiresAugust 23, 2007 11:32 ET (15:32 GMT)Copyright © 2007 MarketWatch, Inc. All rights reserved. Please see our Terms of Use.
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Sen. Orrin Hatch (R-Utah) - "I cannot sit by while gas prices
are going through the roof, and while I hear from constituent
after constituent about the disastrous effect gas prices
are having on their livelihoods and their businesses,"
Hatch said.
"Why has Canada moved forward in leaps and bounds, while
the United States has yet to take even a baby step in
this direction?
I believe the difference has been the government policies of
the respective countries. We need to change that."
Sen. Orrin Hatch (R-Utah) -
RE: Colorado and Utah, there is more recoverable oil than in the Middle East?" -
Ex....Grace Gratia Gratus....
Sen. Orrin Hatch (R-Utah) -
was asked to testify today in front of the Senate Energy
and Natural Resources Committee on his efforts to
develop fuel from a vast untapped domestic oil reserve
in tar sandsand oil shale --
a large part of which sits in eastern Utah.
"Who would have guessed that in just Colorado and Utah,
there is more recoverable oil than in the Middle East?"
Hatch said....
"We just don't count it among our nation's oil reserves
because it is not yet being developed commercially.
I find it disturbing that Utah imports oil from Canada
tar sands, even though we have a larger tar sands resource
within our own boundaries that remains undeveloped."
According to the U.S. Department of Energy, recoverable oil
shale in the western United States --
located mainly in Utah, Colorado and Wyoming --
exceeds one trillion barrels and is the richest --
and most geographically concentrated oil shale and tar sands
resource in the world.
Hatch noted that Canada recognized the potential of the
large tar sands deposits in the province of Alberta
and developed a government policy to go promote
their development -- increasing its oil reserves
by more than a factor of 10.
Hatch is working with Senators Bennett (R-Utah),
Allard (R-Colo.), and Salazar (D-Colo.) to develop a bill -
that would encourage development of commercially -
viable oil from oil shale and tar sands.
http://www.freerepublic.com/focus/f-news/1388012/posts
U.S. HAS MASSIVE OIL RESERVES -
http://www.americanfreepress.net/html/u_s__has_massive_oil.html
dd....
http://www.ru308.com/
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22363420
http://investorshub.advfn.com/boards/board.asp?board_id=7773
Since the development of the first atomic bomb -
in the 1940’s by the US government, uranium
has become a critical, peaceful energy source.
Indeed, concerns over shortage of oil and gas -
with resulting high prices in these fossil fuels,
along with environmental issues regarding greenhouse
gas emissions, has fuelled a new interest in nuclear
energy as the source of power to meet current -
and future global demand for electricity.
Over 40,000 tonnes was produced in 2004,
the two largest producers being Canada (29%)
and Australia (22%).
Cameco, a Canadian company and the world’s current -
largest uranium producer, produced over 8,000 tonnes -
Update Overview of major development / exploration companies
active in the US Market cap. in US$ million
Energy Metals EMC TSX.V 1,382
Uranium Resources URRE Nasdaq 520
American Uranium AUUM OTCBB 415
Ur-Energy URE TSX.V 358
Strathmore Minerals STM TSX.V 322
Uranerz URZ AMEX 192 Uranium Energy URME OTCBB 168
Nuclear reactors are complicated and take time to build.
The big question is whether the new crop projects will be
more successful than previous ones, which ran grossly
over budget and behind schedule.
For example,
TXU’s 2,300 MW Comanche Peak complex took
two decades to build and the final bill was $ 11 billion against the original budget of less than $ 1 billion.
The current budget estimates for new reactors are $ 3 billion to $ 4 billion each.
To kick-start the new generation of nuclear development,
the US government has put together a package of incentives worth more than $ 8 billion for the first companies to
build reactors.
The activity is being channelled through a consortium
called NuStart Energy Development, whose members
include Constellation, Duke Energy, Entergy, Exelon,
and Tennessee Valley Authority.
Entergy has received approval to use its Grand Gulf
nuclear site in Mississippi for new development,
while TVA is applying for permission to expand its
reactor fleet at the Belle-front site in Alabama.
Although NuStart appears to be making heading, there
is still no progress on what to do with
the country’s waste.
These have been plans to bring waste underground at
Yucca Mountain in Nevada since 1957, but controversy
between the federal government and local politicians
makes that the target of opening the facility in 2017
is unlikely to be met.
Energy Metals (EMC) is the premier uranium
developer/explorer focused on the United States.
The Company has acquired one of the largest portfolios
of previously explored uranium properties located
in the heart of the historic mining districts,
encompassing over 250,000 acres in the western US,
including over 105,000 acres in Wyoming.
These properties include the uranium mining districts
of the south central Texas Uranium Belt, the Great Divide, Powder River and Shirley Basins in Wyoming,
the Bullfrog Green River and Lisbon Valley districts in Utah, southeast Oregon and the Arizona Strip.
Projected annual production from EMC’s asset base in
the United States is 8 to 10 million pounds by 2012
from 6 production centres.
The significant US resource base within a portfolio of
advanced uranium projects include:
Attributable Measured resources of 10.7 million pounds U3O8, attributable Indicated resources of 49.7 million pounds U3O8, attributable Inferred resources of 7.3 million pounds U3O8, attributable historical resources of 196.1 million pounds U3O8.
In addition, there exists a significant potential to improve the confidence of existing resources and to expand resources through additional drilling.
EMC has also acquired three uranium companies in
the United States in 2006-07, including
Standard Uranium, Quincy Energy and
High Plains Uranium.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22366938
The world's largest builder of nuclear reactors -
planned to triple its investment in uranium mining
to take advantage of higher prices for the metal
and a revival in nuclear power projects -
Areva, a French state-controlled company -
that is also a major uranium producer,
plans to triple its exploration spending -
to about €90 million, or $124 million -
in the next few years, along with hiring hundreds -
of geologists and seeking partnerships -
and acquisitions, Mallet said in an interview -
Areva spent €30 million on exploration in 2006 -
and employs 150 geologists -
"We aim to triple our exploration budget -
double the number of geologists and buy permits" -
Mallet said. –
International Tribune --
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22363420
We're on the verge of the world's last energy bull market -
And just as uranium's momentum seemed to peak . . . .
Last October, disaster struck at one of the world's -
largest uranium mines--Cameco's Cigar Lake project -
The underground uranium mine was completely flooded . . .
and Cameco was forced to cease all production -
This mine had been expected to supply 17% of the world's - uranium demand.
While Cameco hopes to resume production at Cigar Lake again -
in 2010, the outlook is grim -
They're having a serious problem repairing the damage -
and may have lost the mine completely -
Fact is, uranium production today is so tight -
it can only satisfy 60% of global demand ---->>
with no relief in sight -
This shortage has propelled uranium prices to $105/lb . . . .
jumping 575% in just two years -
In the wake of "yellowcake" uranium's dramatic rise -
a multitude of uranium companies were started -
But most of these companies don't even plan -
to bring their mines into production . . . .
and are doomed to fail -
ex. without mill close to the mines . . . .
Yet here's the rub for investors . . . a few small -
uranium companies are on their way to -
LT triple-digit gains . . . .
----
Fyi.
One pound of uranium yields as much energy -
as three million pounds of coal -
There are 440 commercial nuclear power reactors -
operating in 31 countries -
56 countries operate more than 280 research reactors -
Over 200 are used for naval propulsion -
They supply 16% of the world's electricity -
as base-load power, and their efficiency -
is increasing -
----
RSDS - uranium & vanadium old mines -
undervalued - oversold ? -
RSDS with a maket capitalization value of -
$0.0006 x 4,297,825,994 = appr. fiatz $2.6 million
in market capitalization value -
RSDS market cap. value -
$0.0004 x 4.3bil. = appr. fiatz$1.72 mil. -
RSDS basherz please, try hard to find me another uranium and
vanadium comp. with old mines within trucking
distance to the only mill in US -
RSDS - for a better strategic bottom fishing bargain -
with a maket cap. value of
$0.0003 x 4,297,825,994 = appr. fiatz $1.3 million
in market capitalization value -
bargain - please try to show any other stock -
with more value -
for a lower price? -
RSDS is low priced compared to what the real values of -
the uranium, vanadium, oil and gas etc.
fwiw -
make sure to do your own dd....
dd....RSDS Website under construction:
http://www.ru308.com
Btw.
Note....
it doesn't matter how good progress a company performing -
it will always in all countries be -
666 bolshevikz making -
rare communistic demands and negativity -
all since stalin, trotsky, lenin, marxist anti-Christian time....
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22323666
RSDS got hold of nice old uranium and vanadium mines -
RSDS is drilling down -
and RSDS can be Nuced back UP fast -
owns more than any time before -
incl. large shale oil and gas rights -
history often repeat itself -
N = UP down UP - RSDS -
Web Site Updated - http://www.ru308.com/
More updates to follow soon!!!!
Imo. Tia.
God Bless
CZQ news
TORONTO, ONTARIO--(Marketwire - Aug. 20, 2007) - Continental Precious Minerals Inc. (TSX:CZQ) (the "Company" or "Continental") is pleased to announce that assays for nine diamond drill holes (1,092 metres) completed on the Guorbavare licence are now available. The assay results confirm the historical grade and tonnage of the mineralization taken into account in the resource estimate included in the National Instrument 43-101 technical report completed by Andrew Phillips MSc, FIMMM, CEng in 2005. The report estimated an inferred resource of 1,609,000 tons grading 2.38 lbs/ton U3O8 and an indicated resource of 518,000 tons grading 2.76 lbs/ton U3O8.
Drilling at the Pleutajokk uranium deposit on the Guorbavare licence located near Arjeplog in northern Sweden focused on further definition drilling of the deposit. The uranium deposit is associated with fracture fillings in granitic rocks, and was previously explored by the Swedish Geological Survey and other companies. As currently known, the deposit strikes north for approximately 400 metres, and dips steeply east. Analytical results from this drilling are presented in the following table:
-------------------------------------------------------------------------
Hole No. From(m) To(m) Interval U(ppm) U3O8(lbs/ton)
-------------------------------------------------------------------------
PLJ 06-001 41 49 8.0 704 1.83
-------------------------------------------------------------------------
82 85.5 3.5 702 1.82
-------------------------------------------------------------------------
PLJ 06-004 120.1 123.4 3.3 1989 5.16
-------------------------------------------------------------------------
PLJ 06-005 sev
-------------------------------------------------------------------------
PLJ 06-006 103.2 104.2 1 1090 2.82
-------------------------------------------------------------------------
107.2 108.2 1 2590 6.72
-------------------------------------------------------------------------
PLJ 06-008 61.65 61.9 0.25 2740 7.1
-------------------------------------------------------------------------
PLJ 06-009 sev
-------------------------------------------------------------------------
PLJ 06-010 sev
-------------------------------------------------------------------------
PLJ 06-011 62 64 2 2075 5.38
-------------------------------------------------------------------------
106 107 1 2170 5.63
-------------------------------------------------------------------------
PLJ 06-012 sev
-------------------------------------------------------------------------
Lower cut-off is 500 ppm U
"sev" means sub economic values
Drilling operations and core sample sawing were contracted to Taiga Drilling of Mala, Sweden. Program management and core logging are contracted to Geoforum Scandinavia AB, with analytical services contracted to ALS Chemex (ISO 9001:2000 accreditation) of North Vancouver, Canada.
Core samples were generally one metre long or shorter where constrained by lithologic contacts. True widths are approximately 90% of drill intercepts. Whole samples were crushed in a jaw crusher and from a split, a 100 gram sample was taken and ground to less than 63 microns. Out of this, a 0.125 gram sample was taken and fused into a borate bead and analyzed with ICP-AES and ICP-MS methods for 48 elements. Continental relies on ALS Chemex' internal standards to maintain analytical precision.
Drill holes PLJ 06-001, -004, -011 and -012 were sited to test for extensions of uranium mineralization in the southern portion of the deposit. Hole PLJ 06-001 intersected typical mineralization (1.83 lbs/ton U3O8 over 8 metres and 1.82 lbs/ton U3O8 over 3.5 metres), while hole PLJ 06-004 returned an intersection of 5.16 lbs/ton U3O8 over 3.3 metres. These results confirm that the deposit can be extended to the south.
Drill hole PLJ 06-011 located about 90 metres south of PLJ 06-001 intercepted two distinct vein systems returning 5.38 lbs/ton U3O8 over 2 metres and 5.63 lbs/ton U3O8 over 1 metre. Hole PLJ 06-012 located an additional 50 metres south returned sub economic values, suggesting a possible termination of the mineralization.
Hole PLJ 06-005 was the most southerly hole and targeted extensions of the mineralization at depth. The core samples returned sub economic values, suggesting a structural dislocation of the mineralization.
Four diamond drill holes PLJ 06-006, -008, -009 and -010 designed to fill in gaps in the northern portion of the historical drill sample pattern were completed. Drill hole PLJ 06-006 returned intervals of 2.82 lbs/ton U3O8 over 1 metre and 6.72 lbs/ton U3O8 over 1 metre separated by a 3 metre interval of sub economic values. Drill hole PLJ 06-008 returned a value of 7.1 lbs/ton U3O8 over 0.25 metres and holes PLJ 06-009 and -010 returned sub economic values.
A qualified person has not verified the data disclosed because the geologists overseeing the drilling program are not qualified persons. The contents of this press release have been reviewed by G.A. Harron, P.Eng., an independent consultant and a qualified person as defined in National Instrument 43-101.
FOR FURTHER INFORMATION PLEASE CONTACT:
Continental Precious Minerals Inc.
Ed Godin
President
(416) 805-3036
Uranium Correction Provides Buying Opportunity
By Jay Taylor
Aug 17 2007 9:41AM
Uranium has had its first significant correction in several years. The price of U3O8 has fallen to $110, after briefly reaching a weekly closing high of $136. With this kind of decline, our uranium stocks have taken an even bigger hit in percentage terms which we think is really good news for those of you who have not yet purchased a portfolio of uranium stocks. In fact, we think James Dines is on to something when he suggests that a decline in the price of uranium reduces the potential dishoarding of more uranium from government stockpiles and as such is bullish for the uranium stocks.
We also agree with Dines in his view that uranium is uniquely poised at this particular time to weather a recession better than any other metal except for gold. Gold is real time-tested, market-proven money with intrinsic value, while paper money has been forced on the subjects of the American “crown.” Therefore, gold has been declared money by the markets, not by fiat or edict. When financial systems melt down or melt up, gold will be demanded as a medium of exchange once again by market participants, whether we head into a hyperinflation or an excruciating deflationary debt implosion. This is what separates gold from other metals, and even silver, in a deflationary collapse. Because of its nature, gold is money, while other metals are not, though silver is arguably also money, but not as good as gold.
If uranium is not money, why do I expect it to hold up well if we run into a deflationary scenario over the next few years? Because I have talked about this at some length in the past, I’m not going to write too much more about it now except to say that there is a shortage of uranium in the world to meet the needs of the existing 440+ nuclear reactors operating around the world right now. These reactors supply a significant amount of the world’s electricity. There are no substitute fuels for these power plants, so that the price of uranium can rise very dramatically - even much higher than the $136 that U3O8 hit earlier this year. In other words, this metal is price inelastic. There are no meaningful new supplies of this metal coming into the market for another 5 to 10 years. If we go into a major depression, there would be a reduction in demand for electricity, that is for sure, but a basic amount of electricity would still be required to hold society together. So the existing power plants would still need to secure uranium to stay in business, and there simply isn’t enough of it around to meet even a reduction in demand for electricity. Thus, even if we enter into a significant recession/depression, demand for uranium should keep its price in the $80 to $120 range for the foreseeable future.
One more detail I would like to point out is that with the most recent decline in U3O8, its “real” (inflation adjusted) price is now back to its prior peak of around $111.69 in 1976. With this “real” price of uranium at these heights, we think as long as U3O8 is priced in the $80 to $120 range (in real terms), the economics for uranium mining companies should remain very robust. While the market for commodities these days can be very fickle, the pullback from this sector by the investment community (perhaps most significantly hedge funds at this time of credit strains) provides alert investors with an opportunity to increase their exposure to this sector.
So, we see the most recent decline in the price of uranium and in the shares as a golden opportunity for investors to acquire uranium shares for their portfolio.
Russell Industries: Russell Industries begins drilling
HOUSTON, TX,, Aug 14, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has purchased drilling equipment and has begun drilling as per its permit approved by Bureau of Land Management in July. The Company received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. The Company expects a second permit to be approved this week. "The purchase of this equipment is a major step for a development company like Russell Industries. We will now have the ability to validate the proven and probable reserves of this claim area and our other claim areas as permits are approved. We will then evaluate our options regarding strategic use of these assets," said Rick Berman, President and CEO of Russell Industries.
Good volume coming right now. This could pop!
-faz
ABVG hot hot hot! Uranium + Gold Play finally waking up! :)) check out the DD on our board...
Uranium is a very heavy (dense) metal which can be used as an abundant source of concentrated energy. It occurs in most rocks in concentrations of 2 to 4 parts per million and is as common in the Earth's crust as tin, tungsten and molybdenum. It occurs in seawater, and could be recovered from the oceans if prices rose significantly. It was discovered in 1789 by Martin Klaproth, a German chemist, in the mineral called pitchblende. It was named after the planet Uranus, which had been discovered eight years earlier. Uranium was apparently formed in super novae about 6.6 billion years ago. While it is not common in the solar system, today its slow radioactive decay provides the main source of heat inside the earth, causing convection and continental drift. Its melting point is 1132°C. The chemical symbol for uranium is U. On a scale according to the increasing mass of their nuclei, uranium is the heaviest of all the naturally-occurring elements (Hydrogen is the lightest). Uranium is 18.7 times as dense as water. Like other elements, uranium occurs in slightly differing forms known as 'isotopes'. These isotopes ( 16 in the case of uranium ) differ from each other in the number of particles ( neutrons ) in the nucleus. Natural uranium as found in the Earth's crust is a mixture largely of two isotopes: uranium-238 ( U-238 ), accounting for 99.3% and U-235 about 0.7%. The nucleus of the U-235 atom comprises 92 protons and 143 neutrons (92 + 143 = 235). When the nucleus of a U-235 atom captures a moving neutron it splits in two ( fissions ) and releases some energy in the form of heat, also two or three additional neutrons are thrown off. If enough of these expelled neutrons cause the nuclei of other U-235 atoms to split, releasing further neutrons, a fission Œchain reaction¹ can be achieved. When this happens over and over again, many millions of times, a very large amount of heat is produced from a relatively small amount of uranium. Uranium ....... http://en.wikipedia.org/wiki/Uranium [ World Uranium Supply and Demand The only significant commercial use for uranium is as fuel for nuclear power plants for the generation of electricity. During 2004, 440 nuclear power plants were operating in the world and consumed an estimated 173 million pounds of uranium. Worldwide production of uranium in 2004 (the most recent year for which statistics are available) was only about 102 million pounds. In the United States, there are 104 nuclear power plants that produce about 21% of the electricity used. Based on reports by The Ux Consulting Company ("Ux") and the World Nuclear Association ("WNA"), since the early 1990s, worldwide uranium production has satisfied only 51% of worldwide demand, and this ratio has also been true in the Western world. Ux reports that the gap has been filled by secondary supplies, such as inventories held by governments, utilities and others in the fuel cycle, including the highly enriched uranium (HEU) inventories which are a result of the agreement between the US and Russia to blend down nuclear warheads. Ux reports that secondary sources combined with uranium production from existing uranium mines will not be sufficient to meet the world's requirements. New production will be needed. Ux projects that the industry will need uranium prices to remain at or near current prices to stimulate the capital investment needed to support such new production. An extremely valuable by-product of Uranium processing is Vanadium, which is used to strengthen steel and sells for $800 ton. One of the world’s most concentrated energy sources, a single pound of yellowcake, or U308, is equivalent to 31 barrels of oil or 10 tons of coal. A typical pellet of uranium weighs 7 grams (0.24 ounces), and can generate as much energy as 3.5 barrels of oil, 17,000 cubic feet of natural gas or 1,780 pounds of coal. This makes it a clean and efficient source of natural energy. One of the primary conventional resources of uranium is yellowcake. This is milled uranium oxide, known to chemists as U308. When uranium ore is sourced from the mine, it contains relatively little of the radioactive element — often no more than ( 1% ). The yellowcake is put through several milling processes and eventually turned into fuel rods, which are utilized in nuclear power plants to produce electricity without any greenhouse gases. World demand for uranium will be 185 million pounds in 2013, estimates the Nuclear Energy Institute in Washington. But supply likely will be significantly lower, at about 130 million pounds. RadioActivity Video .......... http://www.reeltime.com/TitleDetails.aspx?mediaID=995 Uranium IH Boards ........... #board-7239 ...... #board-2530 ...... #board-7773 Canadian Uranium Producers ............... PWURF ~ http://www.powertechuranium.com ......... EFRFF ~ http://www.energyfuels.com URCFF ~ http://www.uracanresources.com ............. FOSYF ~ http://www.forsysmetals.com
IRNG ~ #Board-5720 URXE ~ #Board-7153 http://www.internationalranger.com http://www.urexenergy.com CVVUF ~ #Board-8495 UEC ~ #Board-5231 http://www.canalaska.com http://www.uraniumenergy.com RUSL ~ #Board-6568 CAUIE ~ #Board-8580 http://www.russind.com http://www.canamuranium.com UMNG ~ #Board-5634 http://www.umining.com Usec Inc ~ USU ~ http://www.usec.com UCCO ~ #Board-7961 URST ~#Board-7900 http://www.uraniumcorecomp.com http://www.uraniumstar.com URRE ~ #Board-4519 URZ ~#Board-8562 http://www.uraniumresources.com http://finance.yahoo.com/q?s=URZ CLBO ~#Board-4133 LSPN ~ #Board-5911 http://www.crlj.biz CCJ ~#Board-2690 ABVG ~ #Board-9252 http://www.cameco.com USEG ~ #board-6030 DNN ~ #board-9118 http://www.usnrg.com http://www.denisonmines.com ES ~ #board-11247 SRSR ~ #board-8822 http://energysolutions.com http://www.sarissaresources.com Market Vector ~ Nuclear Energy ~ ( NLR ) ~ #board-10098************************************************
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