Saturday 25th May 2019

Resource Clips


Posts tagged ‘NexGen Energy Ltd (NXE)’

June 28th, 2016

A classic case of failed socialism: What’s next after the Brexit? Stockhouse
How long Brexit uncertainty reigns is key for commodities, gold NAI 500
Brits lead anti-establishment rebellion in European departure GoldSeek
Free-market capitalists and libertarians are feeling very good today Equities.com
Three bullish views on NexGen Energy Streetwise Reports
Let’s talk prices: Graphite, lithium, fluorspar and TiO2 Industrial Minerals
Limestone: Commodity overview Geology for Investors
Lithium penny stock soars on sample results SmallCapPower
Elon Musk: Our lithium-ion batteries should be called nickel-graphite Benchmark Mineral Intelligence
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

June 22nd, 2016

Tesla announces plan to acquire SolarCity to form an Elon Musk (not so) super group Equities.com
What Brexit is all about: Taxation (and regulation) without representation Stockhouse
Three bullish views on NexGen Energy Streetwise Reports
Let’s talk prices: Graphite, lithium, fluorspar and TiO2 Industrial Minerals
Analyse this: Central bank intervention GoldSeek
Limestone: Commodity overview Geology for Investors
Lithium penny stock soars on sample results SmallCapPower
Elon Musk: Our lithium-ion batteries should be called nickel-graphite Benchmark Mineral Intelligence
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal
A tale of two gluts: Oil and ore approach $50 on opposite paths NAI 500

June 21st, 2016

What Brexit is all about: Taxation (and regulation) without representation Stockhouse
Three bullish views on NexGen Energy Streetwise Reports
Let’s talk prices: Graphite, lithium, fluorspar and TiO2 Industrial Minerals
Analyse this: Central bank intervention GoldSeek
Limestone: Commodity overview Geology for Investors
Texas is waging a new battle—against the entire financial system Equities.com
Lithium penny stock soars on sample results SmallCapPower
Elon Musk: Our lithium-ion batteries should be called nickel-graphite Benchmark Mineral Intelligence
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal
A tale of two gluts: Oil and ore approach $50 on opposite paths NAI 500

June 20th, 2016

Three bullish views on NexGen Energy Streetwise Reports
Let’s talk prices: Graphite, lithium, fluorspar and TiO2 Industrial Minerals
Analyse this: Central bank intervention GoldSeek
Are we nearing the end of the EU experiment? Stockhouse
Limestone: Commodity overview Geology for Investors
Texas is waging a new battle—against the entire financial system Equities.com
Lithium penny stock soars on sample results SmallCapPower
Elon Musk: Our lithium-ion batteries should be called nickel-graphite Benchmark Mineral Intelligence
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal
A tale of two gluts: Oil and ore approach $50 on opposite paths NAI 500

Exploring opportunity

June 17th, 2016

A capacity crowd attends the first annual Vancouver Commodity Forum

by Greg Klein
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A capacity crowd attends the first annual Vancouver Commodity Forum

 

“There’s excitement in the air,” said Cambridge House International founder Joe Martin. That’s the mood he senses as junior explorers emerge from the downturn. And certainly optimism was evident on June 14 as more than 450 people converged on the Vancouver Commodity Forum for an afternoon of expert talks amid a showcase of two dozen companies. Keynote speakers included Martin, Chris Berry of the Disruptive Discoveries Journal, Jon Hykawy of Stormcrow Capital, John Kaiser of Kaiser Research Online and Stephan Bogner of Rockstone Research.

A capacity crowd attends the first annual Vancouver Commodity Forum

Lithium, not surprisingly, stood out as a commodity of interest. While cautioning against over-enthusiasm for the exploration rush, Berry and Hykawy each affirmed the need for juniors to find new sources of the metal. Cobalt and scandium featured prominently too, as did other commodities including what Kaiser called “the weird metals”—lesser known stuff that’s vital to our lives but threatened with security of supply.

Kaiser also noted he was addressing a crowd larger than his last PDAC audience, another indication that “we’ve turned the corner.”

Attendees also met and mingled with company reps. Potential investors learned about a wide gamut of projects aspiring to meet a growing demand for necessities, conveniences and luxuries.

Presented by Zimtu Capital TSXV:ZC, the forum’s success will make it an annual event, said company president Dave Hodge. Berry emceed the conference, holding the unenviable task of “making sure Dave stays well-behaved.”

Read interviews with keynote speakers:

Meet the companies

Most companies were core holdings of Zimtu, a prospect generator that connects explorers with properties and also shares management, technical and financing expertise. Zimtu offers investors participation in a range of commodities and companies, including some at the pre-IPO stage.

After sampling high-grade lithium on its Hidden Lake project in the Northwest Territories earlier this month, 92 Resources TSXV:NTY plans to return in mid-July for a program of mapping, exposing spodumene-bearing pegmatite dykes, and channel sampling. The company closed the final tranche of a private placement totalling $318,836 in April. Hidden Lake’s located near Highway 4, about 40 kilometres from Yellowknife and within the Yellowknife Pegmatite Belt.

With one of the Athabasca Basin’s largest and most prospective exploration portfolios, ALX Uranium TSXV:AL has a number of projects competing for flagship status. Among them is Hook-Carter, which covers extensions of three known conductive trends, one of them hosting the sensational discoveries of Fission Uranium TSX:FCU and NexGen Energy TSXV:NXE. ALX’s strategic partnership with Holystone Energy allows that company to invest up to $750,000 in ALX and retain the right to maintain its ownership level for three years. ALX closed a private placement first tranche of $255,000 last month, amid this year’s busy news flow from a number of the company’s active projects.

A capacity crowd attends the first annual Vancouver Commodity Forum

Arctic Star Exploration TSXV:ADD boasts one of northern Canada’s largest 100%-held diamond exploration portfolios. Among the properties are the drill-ready Stein project in Nunavut and others in the Lac de Gras region that’s the world’s third-largest diamond producer by value. North Arrow Minerals TSXV:NAR holds an option to earn up to 55% of Arctic Star’s Redemption property.

Aurvista Gold TSXV:AVA considers its Douay property one of Quebec’s largest and last undeveloped gold projects. The Abitibi property has resources totalling 238,400 ounces of gold indicated and 2.75 million ounces inferred. Now, with $1.1 million raised last month, the company hopes to increase those numbers through a summer program including 4,000 metres of drilling. Douay’s 2014 PEA used a 5% discount rate to forecast a post-tax NPV of $16.6 million and a post-tax IRR of 40%.

Looking for lithium in Nevada, Belmont Resources TSXV:BEA now has a geophysics crew en route to its Kibby Basin property, which the company believes could potentially host lithium-bearing brines in a similar geological setting to the Clayton Valley, about 65 kilometres south. Results from the gravity survey will help identify targets for direct push drilling and sampling.

A mineral perhaps overlooked in the effort to supply green technologies, zeolite has several environmental applications. Canadian Zeolite TSXV:CNZ holds two projects in southern British Columbia, Sun Group and Bromley Creek, the latter an active quarrying operation.

With a high-grade, near-surface rare earths deposit hosted in minerals that have proven processing, Commerce Resources TSXV:CCE takes its Ashram project in Quebec towards pre-feasibility. The relatively straightforward mineralogy contributes to steady progress in metallurgical studies. Commerce also holds southeastern B.C.’s Blue River tantalum-niobium deposit, which reached PEA in 2011 and a resource update in 2013.

Permitted for construction following a 2014 PEA, Copper North Mining’s (TSXV:COL) Carmacks copper-gold-silver project now undergoes revised PEA studies. The agenda calls for improved economics by creating a new leach and development plan for the south-central Yukon property. In central B.C. the company holds the Thor exploration property, 20 kilometres south of the historic Kemess mine.

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ALX Uranium acquires additional claims in PLS vicinity

April 22nd, 2016

by Greg Klein | April 22, 2016

ALX Uranium TSXV:AL has signed agreements to pick up extra turf proximal to the Hook-Carter project in Saskatchewan’s Patterson Lake South camp, the company announced April 22.

Subject to approvals, ALX gets the new land for 250,000 shares at a deemed value of $0.115 each on the closing date. A 2.5% NSR applies.

ALX Uranium acquires additional claims in PLS vicinity

Geophysical results released last month verified multiple basement conductors at Hook-Carter, which covers extensions of three known conductive trends, the Carter, Derkson and Patterson corridors. Drill targets have already been established on the latter two.

The Patterson corridor hosts Fission Uranium’s (TSX:FCU) Triple R deposit and three additional zones on the company’s Patterson Lake South project. NexGen Energy’s (TSXV:NXE) adjacent Rook 1 project includes the Arrow deposit, the Athabasca Basin’s largest undeveloped resource, as well as the Bow zone. Neighbouring NexGen is the Hook Lake JV of Purepoint Uranium TSXV:PTU, Cameco Corp TSX:CCO and AREVA Resources Canada, which hosts the Spitfire discovery. ALX’s Hook-Carter borders Hook Lake to the south and a Cameco property to the north.

In February Cameco signed an agreement to buy ALX claims peripheral to Hook-Carter.

Earlier this month the company reported highly anomalous radon values at its Lazy Edward Bay project on the Basin’s southeastern rim. A week earlier preliminary geophysical results showing gravity lows brought encouraging news for ALX’s 80%-held Gorilla Lake property in the western Basin. The ALX portfolio includes five active projects in the Basin region.

ALX closed a private placement first tranche of $318,000 from Holystone Energy last month, part of a strategic partnership in which Holystone would invest up to $750,000, retain the right to maintain its ownership level for three years and nominate a director.

Read Chris Berry’s report: A Closer Look at Uranium.

ALX Uranium reports highly anomalous radon at Lazy Edward Bay

April 7th, 2016

by Greg Klein | April 7, 2016

Successful financings and a prospective portfolio distinguish ALX Uranium TSXV:AL with a steady news flow from five active Athabasca Basin projects this year. The company’s most recent announcement arrived April 7 from Lazy Edward Bay, where strong radon-in-water results near an historic hole will help ALX narrow down drill targets. This follow-up survey took 143 samples over an area of 1,400 by 450 metres on the 18,916-hectare property. Work was conducted by RadonEx Ltd, whose technology helped select drill targets for Fission Uranium’s (TSX:FCU) Triple R deposit.

Straddling the Athabasca Basin’s southeastern rim, the highway-accessible Lazy Ed lies about 55 kilometres from the Key Lake mill.

ALX Uranium reports highly anomalous radon at Lazy Edward Bay

Results show eight one-point samples with highly anomalous readings of 100 picocuries per litre. Four of the samples surpassed 200 pCi/L. The results showed up approximately 200 metres northeast of historic hole LE-50, which returned basement uranium grading 908 ppm U3O8 over 0.3 metres, along with boron, nickel and other pathfinders.

“Many of the anomalous samples appear to lie along a northeast-striking linear trend in the central portion of the grid which overlies historic conductors,” ALX noted.

Electromagnetic surveys in 2005 and 2007 confirmed the conductors, while further support came from geochem and radon work in 2014 and 2015, all of which helps pinpoint high-priority drill targets.

“Given the proximity of the highly anomalous radon samples to historic drill hole LE-50, which was never followed up with drilling along strike, the results of this radon survey demonstrate the significant exploration potential at Lazy Edward Bay,” commented president Jon Armes.

With one of Saskatchewan’s largest and most highly prospective uranium portfolios, ALX has five projects scheduled for exploration this year. Last week the company announced gravity anomalies pointing to prime drill targets at the western Basin’s Gorilla Lake project, where ALX holds an 80% option.

One week earlier came geophysical confirmation of multiple basement conductors at ALX’s Hook-Carter, a 16,461-hecatre property that covers extensions of three known conductive trends. Hook-Carter sits in the southwestern Basin region that hosts Fission’s Patterson Lake South, NexGen Energy’s (TSXV:NXE) Arrow deposit and Bow zone, and the Purepoint Uranium TSXV:PTU/Cameco Corp TSX:CCO/AREVA Resources Canada Spitfire discovery.

Cameco signed an agreement in February to buy ALX claims peripheral to Hook-Carter.

In mid-March ALX closed a $318,000 first tranche of a private placement from Holystone Energy, part of a strategic partnership in which Holystone would invest up to $750,000 on TSXV approval. Howard Haugom, Holystone’s nominee to the ALX board, has been appointed an adviser until the company’s AGM. The former Simon Fraser University economics professor co-owns a national retail chain and is a partner in the private equity firm Burkehill Capital.

NexGen Energy CEO Leigh Curyer suggests the Rook 1 uranium deposit could have Tier 1 potential

March 24th, 2016

…Read more

ALX Uranium confirms multiple conductors at PLS-region Hook-Carter project

March 23rd, 2016

by Greg Klein | March 23, 2016

ALX Uranium confirms multiple conductors at PLS-region Hook-Carter project

ALX Uranium found two complex models of multiple conductors at the A1 and W1/W2 areas.

 

Initial geophysical results verify multiple basement conductors on the Hook-Carter project, ALX Uranium TSXV:AL reported March 23. Analysis shows one area (W1/W2 on the map) hosting at least six conductors within a 2.5-kilometre width and another area (A1) of at least three conductors within a 1.5-kilometre width.

Results come from an airborne and ground sub-audio magnetic transient electromagnetic (HeliSAM TEM) survey over two of the project’s three conductive corridors. The complexity of the conductors calls for additional surveys such as DC resistivity and gravity to better define drill targets, ALX noted. Meanwhile study continues on the current data for final interpretation.

ALX Uranium confirms multiple conductors at PLS-region Hook-Carter project

The 16,461-hecatre property covers northeastern extensions of three known conductive trends, the Carter, Derkson and Patterson corridors. Historic and recent exploration has already identified drill targets on two of them. Depending on weather, ALX plans up to two holes on the Patterson corridor and two more along Derkson, still the project’s most advanced exploration target.

Patterson hosts Fission Uranium’s (TSX:FCU) Triple R deposit and three additional zones now stretching 2.58 kilometres along strike at Patterson Lake South. That prolific corridor also hosts the Athabasca Basin’s largest undeveloped resource at NexGen Energy’s (TSXV:NXE) Arrow deposit, as well as NexGen’s Bow zone and the Spitfire discovery at the Hook Lake JV of Purepoint Uranium TSXV:PTU, Cameco Corp TSX:CCO and AREVA Resources Canada.

The discoveries took place along an approximately 14-kilometre-long section of the Patterson corridor, about 8.5 kilometres to 22 kilometres southwest of Hook-Carter.

Last week ALX closed a $318,000 private placement first tranche, part of a strategic partnership with Holystone Energy. Pending approvals, Holystone will buy a total of 12.5 million shares for $750,000 and retain the right to participate in future financings for three years to maintain its ownership level.

Holystone’s nominee to the board of directors, Howard Haugom, has been appointed an ALX adviser until the company’s AGM. A former economics professor at Vancouver’s Simon Fraser University, Haugom co-owns a national retail chain and is a partner in the private equity firm Burkehill Capital.

In January ALX announced winter/summer exploration plans for four other Basin properties, as well as Hook-Carter.

Last month Cameco signed a purchase agreement for ALX claims peripheral to Hook-Carter.

ALX Uranium prepares for southwestern Athabasca Basin geophysics and drilling

March 9th, 2016

by Greg Klein | March 9, 2016

ALX Uranium prepares for southwestern Athabasca Basin geophysics and drilling

A map shows ALX’s targets in relation to the uranium
discoveries of Saskatchewan’s southwestern Athabasca Basin region.

 

The prolific Patterson corridor gets additional attention as ALX Uranium TSXV:AL readies a new campaign for its Hook-Carter property. The corridor hosts seven discoveries in the southwestern Athabasca Basin area including the Triple R deposit, as well as the R1620E, R600W and R840W zones of Fission Uranium’s (TSX:FCU) Patterson Lake South, the Arrow deposit and Bow zone of NexGen Energy’s (TSXV:NXE) neighbouring Rook 1, and the Spitfire discovery at the Purepoint Uranium TSXV:PTU/Cameco Corp TSX:CCO/AREVA Resources Canada JV’s Hook Lake. The Patterson corridor extends at least 12.7 kilometres northeast, running through ALX’s Hook-Carter property. Hook-Carter also hosts the Carter and Derkson conductive corridors running parallel on each side of Patterson.

The Patterson discoveries show predominately basement-hosted uranium associated with gravity low or resistivity geophysical anomalies, electromagnetic conductors and in some cases highly anomalous radon geochemistry, features that can help guide further exploration, ALX pointed out.

ALX Uranium prepares for southwestern Athabasca Basin geophysics and drilling

Extending 5.8 kilometres along the Hook-Carter property, Derkson has previously undergone airborne gravity, magnetics, MegaTEM and VTEM, as well as ground resistivity and TDEM surveys. An historic hole on the corridor about 10 kilometres southwest of Hook-Carter assayed 0.24% U3O8 over 2.5 metres in basement rocks.

The Carter corridor has undergone less activity, but historic work included airborne MegaTEM and VTEM surveys.

Over the next few weeks ALX plans an advanced airborne and ground sub-audio magnetic transient EM (HeliSAM TEM) survey to further explore the parallel conductors. “The survey configuration combines the cost-effective capabilities of an airborne system to survey large areas with the precision and high power of a more expensive ground loop EM system,” the company stated.

Weather permitting, ALX also plans to drill up to two holes along the Patterson corridor and another two along Derkson, the project’s most advanced exploration target.

The news comes one day after the company announced a strategic partnership with Holystone Energy Company. Pending approvals, Holystone will buy 12.5 million shares at $0.06 for $750,000 and appoint a director to ALX’s board. Holystone would also have the right to take part in future financings for three years to maintain its pro-rata ownership.

Two weeks earlier ALX announced Cameco signed a purchase agreement for claims peripheral to Hook-Carter.