Uranium Markets Rise
In the Financial Post today there is some excellent analysis (not available online) of the decision of Kazakhstan, the Saudi Arabia of uranium production, to cut its production for the next three years.
Day: December 5, 2017
Cartier Resources Closes $5.3 Million Private Placement
Cartier Resources Inc. (“Cartier” or the “Company“) (TSX VENTURE:ECR) announced today that it has closed its previously announced private placement (the “Offering“) for aggregate gross proceeds of $5,299,900. A total of 13,030,000 Flow Through shares of the Company were issued and sold at a price of $0.33 per Flow Through Share and 5,000,000 common shares of the Company were issued and sold at a price of $0.20 per Share. The Offering was completed through Sprott Capital Partners. All monetary references are in Canadian dollars.
Margaux Resources Announces All Results from 2017 Jackpot Drill Program Including High Grade Zinc and Broad, Near-Surface Mineralization
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce it has received all the drill results from Company’s 2017 drill program on the Jackpot zinc property, part of the Company’s Kootenay Arc project in southern B.C.
TerraX Defines Homer Lake Gold Mineralized Zone over 2 km of Strike Length
TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Homer Lake Gold structure on their Northbelt property, one of 8 new high grade target areas identified on the Yellowknife City Gold Project during field work this summer (see Map 1 here).
Bonterra Expands Mineralized Width and Grade at Gladiator Gold Deposit with Significant Results on Multiple Zones; 18.5 g/t Au over 4.0 m Intersected in the South Zone
Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce continued success from its ongoing Resource Development Program at the Gladiator Gold Deposit. Drilling has further increased the size of the high-grade core area of the South Zone, with 18.5 g/t Au over 4.0 m drilled in hole BA-17-42A, and significant width and grade was also encountered in the Footwall Zone within drill hole BA-17-48, which yielded 10 g/t Au over 6.3 m. Additional drilling results received also extended the North Zone down plunge and to the east. The Company is aggressively completing its 2017 Resource Development Program, with four diamond drill rigs completing a 50,000 m program. Multiple holes are currently in the lab awaiting completion with assays pending. Continue reading
Golden Predator Announces New Exploration Director to Manage Program at 3 Aces Project, Yukon
Emphasis expanding to include potential open pit target emerging from the current program
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) announced today that 2017 exploration results from its district-scale 3 Aces Project in southern Yukon indicate the potential for a significant near surface open pit gold target; and that the Company has recruited an internationally recognized exploration executive to lead its exploration program.