Vena Resources Provides Update on Uranium Discovery and Drilling and Announces Private Placement

Vena Resources Inc. announce that as the drill permitting process is in the final stages, Minergia Resources SAC, a company jointly owned by Vena and Cameco Corp., expects drilling to commence mid-November on the Macusani uranium project located in Peru’s southeastern Puno Department. The total program encompasses 11,000 meters of drilling in 71 drill holes and the first phase of this year’s... 

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International Enexco Limited Receives Drill Results on Its Mann Lake Uranium Project, Saskatchewan

Arnold Armstrong, President and CEO of International Enexco Ltd. reported that the Company has received from Cameco Corp. the remaining assay results from the 2009 winter drill program at Mann Lake. Incomplete assays from the winter program were published in an August 10, 2009 International Enexco news release. A total of 4,155 metres were drilled in six holes ranging in depth from 648m to 732m. Strong... 

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Cameco Announces Kyrgyz Parliamentary Ratification of Agreement

Cameco Corporation, one of the world’s largest uranium producers announced that the Kyrgyz Parliament has ratified the agreement that Cameco and Centerra Gold Inc. signed with the Kyrgyz government that is described in Cameco’s April 24, 2009 news release. In addition, the Kyrgyz Parliament has passed legislation authorizing the implementation of all of the terms of the agreement. The legislation... 

Vena Resources Expands Uranium Drill Program in Lagunillas

Vena Resources Inc. announce that after extensive radiometric and magnetic surveys in the Timpacaya area, several additional uranium targets have been identified. Ongoing exploration activities have resulted in the discovery of new targets in the Timpacaya area where spectrometer/scintillometer radiometric surveys have identified areas with counts per second (CPS) values averaging 934 and the anomalies... 

Kinti Mining Limited to Acquire the Zia Uranium Tenement Located in New Mexico

Kinti Mining Limited (KMLD) said that Cibola Explorations Inc. has agreed to accept Kinti’s proposal to acquire their Zia uranium tenement. The tenement consists of 142 mining claims in an area of approximately 2840 acres located in the state of New Mexico, USA. Zia is immediately adjacent to two significant uranium deposits. On its eastern boundary, Cameco operates a mine which has produced 723,032... 

Cameco Temporarily Suspends UF6 Production in Port Hope

Cameco Corporation announced it is suspending uranium hexafluoride (UF6) production at the company’s Port Hope plant. As previously announced, a contract dispute between Cameco and its sole supplier of hydrofluoric acid (HF) has resulted in unreliable and expensive deliveries of this material necessary for the production of UF6. The dispute remains unresolved and Cameco has exhausted the inventory... 

Cameco Reports Modest Increase in Water Inflow to McArthur River Mine

Cameco Corporation reported a modest increase in water inflow to a development area of the McArthur River uranium mine. Production areas were not impacted. “The inflow is only about 10% of our total capacity to pump water out of the mine,” said Tim Gitzel, Cameco’s chief operating officer. “We have prepared for just such events and it is being well managed. To prevent rumours,... 

Golden Dory/540 Capital Expands Property Position and Commences Phase 2 Airborne at Burin Project

Golden Dory Resources announce that is has acquired 376 additional claims at its 100% owned (3135 claim, 78,375 ha) Burin Project in southern Newfoundland, and that Phase 2 airborne radiometric, magnetic and electromagnetic surveys have commenced. The Burin project is host to newly discovered uranium mineralization hosted within the St. Lawrence Granite and includes recently announced (see news release... 

Vena Resources Updates Exploration and Development Strategy

Vena Resources Inc. provide shareholders with an overview of its exploration and development strategy during these times of world-wide economic concern. Vena’s current cash position, including committed investments from our partners Cameco and Glencore is close to $9 million dollars. As it is currently unknown when the global economy will rebound, Vena has taken steps to preserve and allocate... 

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Bayswater Initiates Drilling Program at Brudell Lake Project in Athabasca Basin

Bayswater Uranium Corporation report that diamond drilling has commenced at the Brudell Lake Project located in the Athabasca Basin of Saskatchewan. Drilling is designed to test high priority uranium targets identified by the Company’s air and ground surveys, one of the largest surveys ever conducted in the Athabasca Basin, that identified five high priority favourable conductive zones each ranging...