Platinum Group Metals Ltd. provides the following updates on its platinum projects including a second new joint venture with Japan Oil Gas and Metals National Corporation (“JOGMEC”), owned by the government of Japan, covering a new 118 square kilometres platinum exploration area. R. Michael Jones, President of Platinum Group Metals, said, “Our main focus right now is on advancing...
Breakwater Resources Ltd. has entered into an agreement to sell its interest in the Coulon JV Property to Virginia Mines Inc. The Coulon JV Property, which the Company owns 50% of through a joint venture agreement with Virginia, is located in the James Bay region of Quebec. Virginia will purchase the interest by issuing 1,666,666 common shares of Virginia. Virginia has undertaken to secure, at closing,...
DIOS EXPLORATION just received the first outcropping rock samples results from a two-day reconnaissance on its CHAT BRUN uranium property in the LaGuiche Basin, Quebec, Canada. Ten grab-samples from rock outcrops were collected by Dios geologists on their first visit of this new property. Two biotite-rich samples, located one kilometre apart, returned values of 710 ppm U. They were analysed at the...
MacDonald Mines Exploration Ltd. announce it has signed a Letter of Agreement with Shoreham Resources Ltd. to option 100% of Shoreham’s interest in the northwest region of Sachigo Greenstone Belt. The Property The now named “Saracourt Property” consists of approximately 36 claim blocks, which includes the northwest and southeast blocks, or 440 units, totaling 9000 hectares. It is...
U Mining Resources, Inc. announced that the Company intends to make a public statement when it reaches a definitive decision regarding the private purchase offers made for the acquisition of their uranium mining property. In the interim, the situation will remain confidential until an agreement has been made by U Mining Resources, Inc. Furthermore, the mineral value of this uranium property served...
NQ Exploration Inc. announce that the potential of its Carheil property has been confirmed by an INFINITEM electromagnetic survey. The INFINITEM survey was carried out by Abitibi Geophysique, and identified four conductors on the Carheil property. Conductor C-02 extends the favourable zone intersected in Hole BR-76-02 (0.43% Cu over 2.44 m) by 600 metres toward the east. Conductor C-03 is a new conductor...
U Mining Resources, Inc. announced that they have received multiple purchase offers from private companies for their uranium property in the James Bay region of Northern Quebec. U Mining Resources, Inc. had been in possession of this property for a long period of time and is currently assessing the board of directors’ official decision. Currently, both the majority shareholders and the board...
DIOS EXPLORATION INC. reports that its 2008 Radiometric Survey on UPINOR extends the main uranium zone discovered in the Fall of 2007 and outlines several new radioactive zones. That survey processing outlined eleven first-priority kilometric size uranium zones including many coincidental with uranium lake sediment anomalies. DIOS effectively received the final interpretation and processing report...
NQ Exploration Inc. announce that five uranium-bearing pegmatite fields have been discovered on its Star Lake property in James Bay as a result of reconnaissance prospecting work carried out in the summer of 2008. The goal of the two days of prospecting in 2008 was to locate the source of uranium anomalies identified by lake bottom sediment and till surveys conducted in 2005 and 2006. This work revealed...
The directors of Canstar Resources Inc. announce that the Adjudication Board hearing on the Mary March property dispute, scheduled for September 15th, has been postponed until mid-November. The actual date has not yet been set but will be announced as soon as the company is advised. The reason for the postponement is because the lawyer representing the Newfoundland and Labrador Mining Recorder was...