Hawk Uranium Inc. is pleased to announce that it has initiated a helicopter-borne radiometric, magnetic and VLF-EM geophysical survey over the optioned Cortez Township Uranium Project in the Elliot Lake area of Northern Ontario. Interpretation and results from the survey should be available within the next few weeks. The survey will be carried out by Geophysics GPR International Inc. of Longueuil, Quebec.
Hawk has an option over 19 mining claims in Cortez Township and Gladwin Township, Ontario in the Elliot Lake area of Northern Ontario. These 19 mining claims cover a total of 293 claim units (approximately 12,000 acres) and are located within favourable uranium-bearing geological belts.
ABOUT HAWK URANIUM INC.
Hawk has both direct or option interests in a uranium project in Grand Calumet Township, Quebec, one gold exploration property in Ontario, one uranium property in the Elliot Lake Camp of Ontario, one uranium property in the Charlebois Lake Area of the Northern Mining District of Saskatchewan, one uranium property in Gila County, Arizona, one VMS exploration property in Ontario, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB:WITM - News). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario.
For all Hawk Uranium Inc. investor relations needs, investors are asked to visit the Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to hui@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
CAUTIONARY STATEMENT
This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Showing posts with label company. Show all posts
Showing posts with label company. Show all posts
Saturday, October 6, 2007
Uranium Bay Resources Inc. Modifies its Stock Option Plan
URANIUM BAY RESOURCES INC. announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, which is increased from 5,400,000 shares to 6,700,000 shares. The maximum number of common shares which may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation.
The modification is subject to regulatory approval.
About Uranium Bay Resources Inc.
Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 67,048,642 shares outstanding. The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir, the 90 km2 Kauschiskach Uranium property located just 100 km NE of Radisson in the Quebec James Bay area of northern Quebec, and the five properties totalling 197 claims covering the Lac Georges (100 claims), Lac Forget (24 claims), Ruisseau Lebrun (38 claims), Maurice (19 claims) and Bloc extension 06 (16 claims) properties located in the Wakeham area, in eastern Quebec.
The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements reflecting Uranium Bay objectives, estimates, expectations and the impact of acquisitions on Uranium Bay's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Uranium Bay's projections or expectations.
The modification is subject to regulatory approval.
About Uranium Bay Resources Inc.
Uranium Bay Resources Inc. is a Canadian based junior resource and exploration company trading under the symbol UBR on the TSX Venture Exchange. The Company has 67,048,642 shares outstanding. The Company holds 100% of several U3O8 mineral exploration properties including the 314 km2 Uskawanis Uranium property located just south of the Opinaca reservoir, the 90 km2 Kauschiskach Uranium property located just 100 km NE of Radisson in the Quebec James Bay area of northern Quebec, and the five properties totalling 197 claims covering the Lac Georges (100 claims), Lac Forget (24 claims), Ruisseau Lebrun (38 claims), Maurice (19 claims) and Bloc extension 06 (16 claims) properties located in the Wakeham area, in eastern Quebec.
The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements reflecting Uranium Bay objectives, estimates, expectations and the impact of acquisitions on Uranium Bay's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Uranium Bay's projections or expectations.
Officials set aside $200,000 proposed uranium mine
Fearing contamination in the Evangeline Aquifer, Goliad County has joined with ranchers, environmentalists and economic development groups to fight a proposed uranium mine.
The Goliad County Groundwater Conservation District said it measured an increase in minerals and iron in wells during the past year as Uranium Energy Corp. explored for uranium in the area. The minerals resulted in clogged filters and discolored water.
County officials joined with the Sierra Club, local ranchers and representatives from the Chamber of Commerce and Economic Development Council recently to announce their intentions to fight the mine.
Goliad County, which has about 7,000 residents and is about 80 miles southeast of San Antonio, has allotted $200,000 for the campaign.
"It is our county. It is our water, and it is our future," said Art Dohmann, president of the groundwater district.
Uranium Energy Corp., which has offices in Canada and the southwestern United States, is seeking a permit from the Texas Commission on Environmental Quality for a full-scale mining operation.
Company officials couldn't be reached for comment, but they have said that their exploration for uranium has nothing to do with the well contamination. They have cited a letter from the state Railroad Commission that blames the contamination on "natural sources."
The company would use a method known as in situ mining, which involves injecting an oxygenated solution into the ground to help mobilize and leach out the uranium.
Local officials fear that the mining is changing the flow of the Evangeline Aquifer, which could flush high levels of radium into the drinking supply. Radium has been found in test wells. The groundwater district commissioned an engineering study, which found that its concerns were valid.
High levels of iron and minerals have been measured in a well owned by goat rancher Mary Anklam, whose property is near the operation. She said she lost several interested buyers when they found out her Boer goats were raised near the proposed uranium mine.
"They are afraid the babies will be deformed or that they won't be able to eat the meat," she said. "Last year, I had people coming saying, 'I'll buy every baby that hits the ground.' "
Pat Calhoun, president of the Goliad County Farm Bureau, said the uncertainty is a problem, whether or not the mine's threat is real. He said he's been unable to find solid information on what long-term exposure would do to livestock.
"There are no answers to our questions. That's the point," he said.
"Nobody knows."
The Goliad County Groundwater Conservation District said it measured an increase in minerals and iron in wells during the past year as Uranium Energy Corp. explored for uranium in the area. The minerals resulted in clogged filters and discolored water.
County officials joined with the Sierra Club, local ranchers and representatives from the Chamber of Commerce and Economic Development Council recently to announce their intentions to fight the mine.
Goliad County, which has about 7,000 residents and is about 80 miles southeast of San Antonio, has allotted $200,000 for the campaign.
"It is our county. It is our water, and it is our future," said Art Dohmann, president of the groundwater district.
Uranium Energy Corp., which has offices in Canada and the southwestern United States, is seeking a permit from the Texas Commission on Environmental Quality for a full-scale mining operation.
Company officials couldn't be reached for comment, but they have said that their exploration for uranium has nothing to do with the well contamination. They have cited a letter from the state Railroad Commission that blames the contamination on "natural sources."
The company would use a method known as in situ mining, which involves injecting an oxygenated solution into the ground to help mobilize and leach out the uranium.
Local officials fear that the mining is changing the flow of the Evangeline Aquifer, which could flush high levels of radium into the drinking supply. Radium has been found in test wells. The groundwater district commissioned an engineering study, which found that its concerns were valid.
High levels of iron and minerals have been measured in a well owned by goat rancher Mary Anklam, whose property is near the operation. She said she lost several interested buyers when they found out her Boer goats were raised near the proposed uranium mine.
"They are afraid the babies will be deformed or that they won't be able to eat the meat," she said. "Last year, I had people coming saying, 'I'll buy every baby that hits the ground.' "
Pat Calhoun, president of the Goliad County Farm Bureau, said the uncertainty is a problem, whether or not the mine's threat is real. He said he's been unable to find solid information on what long-term exposure would do to livestock.
"There are no answers to our questions. That's the point," he said.
"Nobody knows."
Uranium Project : Andrew Lloyd Uranium Mine, Garfield County, Utah
Bluerock Resources Ltd. announces Phase I drilling program results from the Andrew Lloyd Uranium Mine, PSC Project, in the Orange Cliffs Mining District, south central Utah, U.S.A. The drilling program targeted the channel extension of the Andrew Lloyd Uranium Mine where historic(i) production graded 0.17% U3O8. Based on initial drilling results, the Company has modified the permitted Phase II drill program and is awaiting regulatory approval.
The Phase I exploration program consisted of 10 vertical rotary drill holes, totalling 375.3 metres (1,231.3 feet), and the mapping, and survey by scintillometer, of over 240 metres (800 feet) of the existing underground workings at the Andrew Lloyd Uranium Mine. Upon the completion of drilling, all holes were tested by a Company, hand-crank, gamma probe to identify any areas of anomalous uranium mineralization. The geophysical results were generally low and it was therefore determined not to bring a third party geophysical contractor to gamma probe the drill holes. The drill holes did not intersect the main channel target as they were interpreted to have been drilled slightly north of the channel.
Contract personnel are currently working on amending the Phase I drill permits to allow for multiple drill holes to be drilled from the permitted drill sites, a process anticipated to take four to six weeks. Drilling at the Andrew Lloyd Project will resume on receipt of the amended permits and will focus on intersecting the Andrew Lloyd mineralized channel structure.
The Company has also modified the permits for its additional targets within the PSC Project, the Recapture and Rainbow Ridge areas. These programs will consist of core recovery drilling on inclined holes and vertical rotary table air blast drilling followed by gamma logging by third party contract geologists and, where warranted, anomalous intersections will be twinned with core recovery holes to allow for chemical analysis.
The PSC Project consists of 43 claims in five distinct claim blocks, in the Orange Cliffs Uranium District of Utah. The Project encompasses two past producing mines, the Silver Bell Uranium Mine and the Andrew Lloyd Uranium Mine, along with two historic(i) drill outs, and the one grass roots prospect. The Orange Cliffs District is a Chinle Formation Uranium Camp located less than 50 miles (80km) to the north east of Uranium One's Shootaring Canyon uranium mill.
President Michael Collins commented: "The results of Phase I drilling at the PSC have given us a clear focus for follow up drilling at the Andrew Lloyd Uranium Mine and a better understanding of the local depositional variables as we initiate Phase II of our on-going uranium exploration programs on the PSC Project."
Paul D. Gray, P.Geo. is the Qualified Person with respect to the PSC Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
The Phase I exploration program consisted of 10 vertical rotary drill holes, totalling 375.3 metres (1,231.3 feet), and the mapping, and survey by scintillometer, of over 240 metres (800 feet) of the existing underground workings at the Andrew Lloyd Uranium Mine. Upon the completion of drilling, all holes were tested by a Company, hand-crank, gamma probe to identify any areas of anomalous uranium mineralization. The geophysical results were generally low and it was therefore determined not to bring a third party geophysical contractor to gamma probe the drill holes. The drill holes did not intersect the main channel target as they were interpreted to have been drilled slightly north of the channel.
Contract personnel are currently working on amending the Phase I drill permits to allow for multiple drill holes to be drilled from the permitted drill sites, a process anticipated to take four to six weeks. Drilling at the Andrew Lloyd Project will resume on receipt of the amended permits and will focus on intersecting the Andrew Lloyd mineralized channel structure.
The Company has also modified the permits for its additional targets within the PSC Project, the Recapture and Rainbow Ridge areas. These programs will consist of core recovery drilling on inclined holes and vertical rotary table air blast drilling followed by gamma logging by third party contract geologists and, where warranted, anomalous intersections will be twinned with core recovery holes to allow for chemical analysis.
The PSC Project consists of 43 claims in five distinct claim blocks, in the Orange Cliffs Uranium District of Utah. The Project encompasses two past producing mines, the Silver Bell Uranium Mine and the Andrew Lloyd Uranium Mine, along with two historic(i) drill outs, and the one grass roots prospect. The Orange Cliffs District is a Chinle Formation Uranium Camp located less than 50 miles (80km) to the north east of Uranium One's Shootaring Canyon uranium mill.
President Michael Collins commented: "The results of Phase I drilling at the PSC have given us a clear focus for follow up drilling at the Andrew Lloyd Uranium Mine and a better understanding of the local depositional variables as we initiate Phase II of our on-going uranium exploration programs on the PSC Project."
Paul D. Gray, P.Geo. is the Qualified Person with respect to the PSC Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
Global Uranium Corporation - News release issued in error
Global Uranium Corporation advises that a release issued October 2, 2007 under the Company name and stock symbol GU was issued in error. This release announced the acquisition of two properties in Niger. This news was picked up by various news services and released under our name and stock symbol. This news release is not the Company's but rather Global Uranium Corp., a private Ontario corporation not listed on the exchange. We are not in any way affiliated with this private Ontario corporation.
ON BEHALF OF THE BOARD George W. Heard President&CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD George W. Heard President&CEO The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Thursday, February 22, 2007
Global Uranium and Forum Uranium Complete Phase I Drilling at Orchid Lake
Global Uranium Corp. are pleased to announce that nine holes comprising of 1,140 metres of drilling have been completed on the Orchid Lake project.
The targets on the Orchid Lake property are shallow, basement-hosted, unconformity-type uranium deposits. The project is located 20 kilometres west of the Cameco/AREVA Key Lake Uranium Mill in the prolific Athabasca Basin of northern Saskatchewan. The Orchid Lake property is interpreted to lie on an ENE structure that hosts the Key Lake uranium deposit that had an average grade of 2.45% U3O8. The Key Lake mine produced over 195 million pounds of uranium from 1983 to 1997.
A Geotech Ltd. VTEM airborne magnetic/electromagnetic survey in 2005 identified two conductors - the P and Q conductors. Both conductive targets are interpreted as graphitic sediments of the Wollaston group, host to many uranium deposits and prospects in the eastern Athabasca Basin where one-third of the world's uranium is produced. Anomalous uranium in lake sediments and uraniferous boulders of pegmatite with lenses of graphitic gneiss grading up to 0.1% U3O8 occur in the area. Six holes were completed on the P conductor and three holes were completed on the Q conductor.
Samples obtained from the drilling have been sent to Loring Laboratories Ltd. in Calgary. Assay results are anticipated in March and follow up drilling is planned at Orchid lake later this year.
Global Uranium is earning a 60% interest in Orchid Lake property by making cash payments of $190,000, issuing 700,000 common shares of Global to Forum and incurring a $2.25 million exploration commitment over a three year period. Forum also retains a 3% Net Smelter Return Royalty and is the operator of the project.
Dr. Boen Tan, P. Geo. (Saskatchewan), Forum's Chief Geologist and Qualified Person is supervising the exploration program on the Orchid Lake Project.
Global Uranium is an early stage uranium exploration and development company focusing on properties located in the southwestern United States and northern Saskatchewan.
ON BEHALF OF THE BOARD
George W. Heard, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Global Uranium Corp.
George Heard
President
(604) 632-0085
(604) 605-0009 (FAX)
Email: gwheard@shaw.ca
Website: www.globaluranium.net
Copyright © 2007 SYS-CON Media
The targets on the Orchid Lake property are shallow, basement-hosted, unconformity-type uranium deposits. The project is located 20 kilometres west of the Cameco/AREVA Key Lake Uranium Mill in the prolific Athabasca Basin of northern Saskatchewan. The Orchid Lake property is interpreted to lie on an ENE structure that hosts the Key Lake uranium deposit that had an average grade of 2.45% U3O8. The Key Lake mine produced over 195 million pounds of uranium from 1983 to 1997.
A Geotech Ltd. VTEM airborne magnetic/electromagnetic survey in 2005 identified two conductors - the P and Q conductors. Both conductive targets are interpreted as graphitic sediments of the Wollaston group, host to many uranium deposits and prospects in the eastern Athabasca Basin where one-third of the world's uranium is produced. Anomalous uranium in lake sediments and uraniferous boulders of pegmatite with lenses of graphitic gneiss grading up to 0.1% U3O8 occur in the area. Six holes were completed on the P conductor and three holes were completed on the Q conductor.
Samples obtained from the drilling have been sent to Loring Laboratories Ltd. in Calgary. Assay results are anticipated in March and follow up drilling is planned at Orchid lake later this year.
Global Uranium is earning a 60% interest in Orchid Lake property by making cash payments of $190,000, issuing 700,000 common shares of Global to Forum and incurring a $2.25 million exploration commitment over a three year period. Forum also retains a 3% Net Smelter Return Royalty and is the operator of the project.
Dr. Boen Tan, P. Geo. (Saskatchewan), Forum's Chief Geologist and Qualified Person is supervising the exploration program on the Orchid Lake Project.
Global Uranium is an early stage uranium exploration and development company focusing on properties located in the southwestern United States and northern Saskatchewan.
ON BEHALF OF THE BOARD
George W. Heard, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Global Uranium Corp.
George Heard
President
(604) 632-0085
(604) 605-0009 (FAX)
Email: gwheard@shaw.ca
Website: www.globaluranium.net
Copyright © 2007 SYS-CON Media
Top 5 Largest Uranium Miners
Investor Trip submits: Ever wonder who the top uranium miners are? Here are top 10 uranium-producing countries by tonnes U, and the top 5 uranium miners by market capitalization. You’ll notice some interesting relationships in the country data, and may recognize a name or two in the market cap section. These are just some ideas to get you thinking about possible uranium investments. It’s not too late to make some money off the uranium surge.
Top 10 Largest Uranium Miners by country
1. Canada
2. Australia
3. Kazakhstan
4. Russia
5. Namibia
6. Niger
7. Uzbekistan
8. USA
9. Ukraine
10. China
(Source: World Nuclear Association)
Canada and Australia combined produce 51% of the world’s uranium from uranium mines. Notice that China is far down on the list at position #10. The growing demand from China for uranium in order to power their nuclear plants will provide growth opportunities for Australian and Canadian uranium miners. Don’t forget about the US as well. Clocking in at position #8, the United States must take similar actions as did the Chinese to support their growing nuclear demand.
Top 5 Largest Uranium Miners by Market Capitalization
Minimum Criteria:
# Must trade on a US Stock Exchange. I plan to calculate the market caps in terms of US dollars for foreign traded stocks in my next uranium post.
# Must actively operate in uranium production/mining industry.
1. BHP Billiton LTD (NYSE: BHP - News) - $135 billion
2. Rio Tinto plc (NYSE: RTP - News) - $72 billion
3. Cameco Corp. (NYSE: CCJ - News) - $13 billion
4. USEC Inc. (NYSE: USU - News) - $1.26 billion
5. Fronteer Development Group Inc. (AMEX: FRG - News) - $800 million
There are two ways to go about uranium investing: either invest in pure uranium miners or diversified industrial miners. Small cap uranium stocks may offer a larger upside, but your risk is much greater. Diversified miners can take advantage of economies of scale, plus they own more capital, helping to preserve and operate existing uranium mines. A safer investment would be in a diversified industrial metals and materials miner that’s highly levered towards uranium.
SeekingAlpha
Top 10 Largest Uranium Miners by country
1. Canada
2. Australia
3. Kazakhstan
4. Russia
5. Namibia
6. Niger
7. Uzbekistan
8. USA
9. Ukraine
10. China
(Source: World Nuclear Association)
Canada and Australia combined produce 51% of the world’s uranium from uranium mines. Notice that China is far down on the list at position #10. The growing demand from China for uranium in order to power their nuclear plants will provide growth opportunities for Australian and Canadian uranium miners. Don’t forget about the US as well. Clocking in at position #8, the United States must take similar actions as did the Chinese to support their growing nuclear demand.
Top 5 Largest Uranium Miners by Market Capitalization
Minimum Criteria:
# Must trade on a US Stock Exchange. I plan to calculate the market caps in terms of US dollars for foreign traded stocks in my next uranium post.
# Must actively operate in uranium production/mining industry.
1. BHP Billiton LTD (NYSE: BHP - News) - $135 billion
2. Rio Tinto plc (NYSE: RTP - News) - $72 billion
3. Cameco Corp. (NYSE: CCJ - News) - $13 billion
4. USEC Inc. (NYSE: USU - News) - $1.26 billion
5. Fronteer Development Group Inc. (AMEX: FRG - News) - $800 million
There are two ways to go about uranium investing: either invest in pure uranium miners or diversified industrial miners. Small cap uranium stocks may offer a larger upside, but your risk is much greater. Diversified miners can take advantage of economies of scale, plus they own more capital, helping to preserve and operate existing uranium mines. A safer investment would be in a diversified industrial metals and materials miner that’s highly levered towards uranium.
SeekingAlpha
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