Saturday 14th December 2019

Resource Clips


Posts tagged ‘turkey’

November 4th, 2014

Paul Adams: Macro trumps micro in resource sector Streetwise Reports
Gold bulls retreat with $1.3 billion pulled from funds NAI 500
Nobody mourns death of QE as treasuries prove insatiable VantageWire
Selective financing to snag pace of mine development Industrial Minerals
Old gold: An introduction to Archean greenstone belts Geology for Investors
Frank Holmes: Talking Turkey with John Derrick Stockhouse
The gold manipulation debate, if you can call it that GoldSeek
The last resort when monetary policy fails Equedia

November 3rd, 2014

Gold bulls retreat with $1.3 billion pulled from funds NAI 500
Nobody mourns death of QE as treasuries prove insatiable VantageWire
Selective financing to snag pace of mine development Industrial Minerals
Old gold: An introduction to Archean greenstone belts Geology for Investors
Frank Holmes: Talking Turkey with John Derrick Stockhouse
The gold manipulation debate, if you can call it that GoldSeek
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

November 3rd, 2014

Nobody mourns death of QE as treasuries prove insatiable VantageWire
Selective financing to snag pace of mine development Industrial Minerals
Old gold: An introduction to Archean greenstone belts Geology for Investors
Frank Holmes: Talking Turkey with John Derrick Stockhouse
The gold manipulation debate, if you can call it that GoldSeek
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

October 31st, 2014

Selective financing to snag pace of mine development Industrial Minerals
Old gold: An introduction to Archean greenstone belts Geology for Investors
Frank Holmes: Talking Turkey with John Derrick Stockhouse
The gold manipulation debate, if you can call it that GoldSeek
Bank of Canada abandons neutral reference, holds rates steady VantageWire
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

October 30th, 2014

Old gold: An introduction to Archean greenstone belts Geology for Investors
Frank Holmes: Talking Turkey with John Derrick Stockhouse
The gold manipulation debate, if you can call it that GoldSeek
UK select committee highlights importance of reliable water supply to mining industry Industrial Minerals
Bank of Canada abandons neutral reference, holds rates steady VantageWire
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

October 29th, 2014

Frank Holmes: Talking Turkey with John Derrick Stockhouse
The gold manipulation debate, if you can call it that GoldSeek
UK select committee highlights importance of reliable water supply to mining industry Industrial Minerals
Skarn deposits—our largest source of tungsten Geology for Investors
Bank of Canada abandons neutral reference, holds rates steady VantageWire
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

Copper: Its long-term outlook and the potential for junior explorers

June 24th, 2014

by Greg Klein | June 24, 2014

After iron and aluminum, copper comprises the world’s largest metal market. A newly released report by Derek Hamill, head of research and communications for Zimtu Capital TSXV:ZC, examines the commodity, its short-term and long-term prospects, and its potential “upside for investors in well-managed exploration companies who are willing to be patient.”

Hamill finds that the substantial production growth that began in 2012 should cause a surplus of refined copper over the next several years. But increasing demand, falling grades and the failure of some large-scale projects could reverse the trend by 2019 or 2020.

“Expectations for the copper mining sector suggest there is little value in defining and proving up low-grade, large tonnage copper deposits in the current market, especially where environmental concerns are forefront,” he writes. Hamill suggests that smaller operations emphasizing grade over tonnage and featuring manageable capital costs can help pick up the slack. As an example he points to Pasinex Resources CSE:PSE, a Zimtu core holding that’s pursuing copper, zinc, lead, silver and gold in Turkey, a mining jurisdiction of increasing importance.

Download the 16-page research and opinion report.

Disclaimer: Zimtu Capital Corp is a client of OnPage Media Corp, the publisher of ResourceClips.com. The principals of OnPage Media may hold shares in Zimtu Capital.

Athabasca Basin and beyond

May 10th, 2014

Uranium news from Saskatchewan and elsewhere for May 3 to 9, 2014

by Greg Klein

Next Page 1 | 2

Paladin releases Labrador infill results, plans Q2 resource update

From Labrador’s Central Mineral Belt, Paladin Energy TSX:PDN announced winter infill drilling results on May 7. Thirteen holes sunk 3,871 metres into the Michelin deposit, with each hole finding mineralization and six revealing significant intervals, the company stated. The best results showed:

Hole M14-151

  • 0.109% uranium oxide-equivalent (eU3O8) over 10 metres, starting at 302 metres in downhole depth
Uranium news from Saskatchewan and elsewhere for May 3 to 9, 2014

Paladin considers Labrador’s Central Mineral Belt “one of the
few remaining under-explored uranium districts globally.”

Hole M14-154

  • 0.14% over 15 metres, starting at 214 metres

  • 0.13% over 8 metres, starting at 256 metres

Hole M14-156

  • 0.095% over 12 metres, starting at 230 metres

Hole M14-158

  • 0.096% over 16 metres, starting at 191 metres

Hole M14-162

  • 0.102% over 28 metres, starting at 348 metres

Hole M14-163

  • 0.114% over 9 metres, starting at 355 metres

Information about true widths wasn’t provided. The deposit remains open in both directions and at depth. On the agenda is a Q2 resource update in which Paladin hopes the last few years of drilling will boost confidence as well as produce a small size increase.

Michelin’s resource currently shows:

  • measured: 7.1 million tonnes averaging 0.08% for 13.06 million pounds U3O8

  • indicated: 23 million tonnes averaging 0.11% for 54.06 million pounds

  • inferred: 16 million tonnes averaging 0.1% for 36.09 million pounds

Adding in five other deposits within 50 kilometres of a potential Michelin mill, the CMB project totals:

  • measured: 8.1 million tonnes averaging 0.08% for 15.1 million pounds

  • indicated: 32 million tonnes averaging 0.1% for 68.7 million pounds

  • inferred: 29.1 million tonnes averaging 0.08% for 53 million pounds

Three kilometres south of Michelin, two holes totalling 561 metres failed to find depth extensions to the Rainbow deposit. But Paladin considers the Michelin-Rainbow trend highly prospective as a result of radiometric surveying, mapping, prospecting and some drilling. Interpretation of a 608-line-kilometre ground magnetic survey will help guide exploration in the Michelin vicinity. More drilling is planned for next winter.

Paladin holds interests in five other exploration projects in Australia and another in Niger. Last February, declining prices forced the company to place its Kayelekera mine in Malawi on care and maintenance. Paladin hopes to close the sale of a 25% interest in its Langer Heinrich flagship in Namibia in June.

Northwest Manitoba radon-in-water might be second only to PLS, MPVC says

Having reported results of a land-based radon survey last month, MPVC Inc TSXV:UNO announced preliminary but optimistic findings from a radon-in-water survey at its Northwest Manitoba project on May 7. “To the author’s knowledge” only Fission Uranium’s (TSXV:FCU) Patterson Lake South has shown higher readings for a water-based survey, MPVC stated. More detailed analysis could change the results by about 10% either way.

Of the 1,399 samples from Maguire Lake, 41 showed results above 100 picocuries per litre (pCi/L), 14 went beyond 200 pCi/L, eight exceeded 300 pCi/L and four surpassed 400 pCi/L.

The readings extend linear trends identified in last month’s land-based survey results, MPVC added.

Still to come are results from a ground gravity survey to fill in areas missed by a 2012 survey. The area has also undergone an airborne magnetic/VLF/radiometric survey in 2006 and an airborne VTEM survey in 2007.

Among future work, the company plans to scan drill cuttings with a high-resolution gamma spectrometer system to “detect young uranium which is not radioactive and therefore not detectible with other field instruments…. The detection of anomalous young uranium, radon or lead 210 ascending along fractures would signal the presence of a uranium deposit at depth.” Drilling might descend as far as 1,000 metres in search of deeper deposits.

Previous prospecting in the area has found in-situ mineralization up to 9.5% U3O8 and boulders grading above 65%.

The company’s 80% option with CanAlaska Uranium TSXV:CVV calls for $3.2 million worth of exploration on the 143,603-hectare project by 2015.

Western Athabasca Syndicate reports initial Preston drill results

The four-company Western Athabasca Syndicate announced preliminary results from seven holes totalling 1,571 metres on their Preston property’s Swoosh target May 6. Five holes showed elevated radioactivity measured by a handheld spectrometer and a downhole probe. The project’s best hole so far, PN14007, found 12 radioactive intervals, one of them 1,432 counts per second over 0.75 metres (not true width). The results are no substitute for assays, which are expected in early June.

The alliance consists of Skyharbour Resources TSXV:SYH, Athabasca Nuclear TSXV:ASC, Noka Resources TSXV:NX and Lucky Strike Resources TSXV:LKY.

Six holes reached downhole depths between 200 and 350 metres while poor drilling conditions eliminated one hole. But all seven “intersected a broad, hydrothermally altered and reactivated structural zone,” the syndicate stated. The six-kilometre-long Swoosh was defined by gravity, magnetic and electromagnetic surveys, and surficial geochemical anomalies.

This month the companies plan at least one hole on each of two other targets, Fin and CHA. Swoosh is slated for additional field work and drilling later this year.

Athabasca Nuclear acts as project operator on the 246,643-hectare Preston property, which the syndicate credits with 15 prospective targets.

Anfield collects Colorado claims

Anfield Resources TSXV:ARY has once again expanded its western U.S. turf with 239 unpatented mining claims on federal land in Colorado. As a result the company now “has access to mineral rights” on more than 7,082 hectares in historic uranium and vanadium districts in Colorado and Utah, according to the May 8 announcement.

Subject to approvals, Anfield gets the claims from Alamosa Mining Corp for 1.95 million shares and three years of payments totalling US$600,000.

The company previously announced Utah acquisitions in March and January. All the Utah and Colorado claims lie within a 193-kilometre radius of Energy Fuels’ (TSX:EFR) White Mesa mill. Anfield also holds claims in Arizona.

European Uranium refines portfolio sale, intends to pursue other assets

On May 9 European Uranium Resources TSXV:EUU announced that the planned sale of its entire portfolio has reached a share purchase agreement with Forte Energy that replaces the companies’ previous binding heads of agreement. As in the original deal, the ASX/AIM-listed company issues EUU 915.93 million shares, valued at $7.5 million, and pays EUU $1 million. The latter retains a 1% production royalty.

But the new arrangement calls for the shares to be issued in instalments to avoid breaching the Australia Takeovers Prohibition. On closing, EUU would get 19.9% of the shares with the rest following “from time to time.”

Nor will EUU distribute Forte shares to its own shareholders. Instead it will sell some of them over time to fund its operations. EUU stated the deal would provide initial funding to pursue options or acquisitions “in multiple commodities in the general European area.”

The Forte deal came together shortly after EUU’s planned merger with Portex Minerals CSE:PAX fell through. EUU’s portfolio consists of two Slovakian uranium projects.

The company closed a $100,000 private placement with Forte in mid-April.

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May 5th, 2014

Do baby boomers impact the U.S. labour force participation rate? Equedia
Chris Ecclestone: Right size, right metals signal success for REE projects Streetwise Reports
British Geological Survey: Wars main driver to changes in minerals supply and demand Industrial Minerals
The gold price is fixed. So what? GoldSeek
National Instrument 43-101: An overview for investors Geology for Investors
Pasinex Resources takes big step in Turkish zinc/lead play Stockhouse
Dark markets may be more harmful than high-frequency trading VantageWire

May 2nd, 2014

British Geological Survey: Wars main driver to changes in minerals supply and demand Industrial Minerals
The gold price is fixed. So what? GoldSeek
Ed Sterck: Russian sanctions may have utilities squeezing less juice from uranium supply Streetwise Reports
National Instrument 43-101: An overview for investors Geology for Investors
Pasinex Resources takes big step in Turkish zinc/lead play Stockhouse
How Russia is working together with China Equedia
Dark markets may be more harmful than high-frequency trading VantageWire