Bayswater Uranium Corporation report on a high-grade uranium showing discovered in the Lake Minisinakwa area of the Central Mineral Belt of Labrador. Prospecting has uncovered a series of angular, frost heaved uraniferous boulders that are believed to be near source. The boulders occur along a linear topographic feature which coincides with a magnetic high anomaly, over a minimum strike length of 1.7...
North American Gem Inc. announce that it has signed a Memorandum Of Understanding with Appalachia Coal Corporation, a private company with advanced stage coal interests in West Virginia. ACC currently controls approximately 20,000 acres of coal leases in West Virginia that are in various stages of permitting. Several different coal seams run on ACC’s properties including the well known Kittanning...
BacTech Mining Corporation announced that it has signed a Memorandum of Understanding with Gold Bullion Development Corp. of Cobalt, Ontario. The basis of the agreement entails BacTech investigating the use of its proprietary bioleaching technology to treat certain tailings in the Cobalt Camp in northeastern Ontario for the recovery of cobalt and silver. In addition, BacTech will investigate potential...
Monroe Minerals Inc. is pleased to announce the appointment of independent advisors to its uranium division in Africa and Canada. The role of these advisors will be to review new uranium projects, assist with program planning and implementation, and analyse exploration results. In Africa, Monroe has appointed The Mineral Corporation. The Mineral Corporation is a leading senior advisor to the African...
With the spot price of uranium rising at exponential rates, uranium miners are flying high following decades of depressed prices and little new mine development or exploration activity. Shares of Denison and Energy Metals Corp. umped 5% last week following rumours that they were on the acquisition radars of Cameco and France’s Areva, two of the world’s largest uranium miners. When it comes...
Bayswater Uranium Corporation is pleased to report that final assays from its 2006 program in the Central Mineral Belt, Labrador have now been received and results include a grab sample from a biotitic shear zone on the Kanairiktok Bay Prospect that assayed 6.9% U3O8 and have confirmed the discovery of two new uranium mineralized radioactive targets-namely Stomach Lake and Stipec River Zone E (see...
Cygnus Oil and Gas Corporation has announced the appointment of three new members to its Board of Directors – Mr. Ted E. Davis, Mr. Ralph D. McBride, and Mr. Alfred J. Moran. The Cygnus Board is now composed of four independent directors in addition to our Chairman and CEO. Mr. Ted E. Davis retired in 2000 after thirty-five years with Conoco, Inc. from his position as President, Exploration &...
Deep Well Oil & Gas, Inc. and its subsidiaries (“Deep Well”) (PINK SHEETS: DWOG) are pleased to announce that its joint venture partner and operator of the Sawn Lake heavy oil project, Signet Energy Inc., is in the process of preparing the next 3 well sites for drilling and has engaged an engineering company to develop a Design Basis Memorandum for detailed engineering of the surface...