Star Diamond Corporation announced that Rio Tinto Exploration Canada commenced an HQ core drilling program on 11 holes.
Saskatchewan Mining News
Vancouver-based NexGen Energy, Wood Group and Rosco Postle Associates have completed the pre-feasibility study for NexGen’s Rook I project in the Athabasca Basin.
The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.
Canada’s Athabasca Basin has become the prime destination for high-grade uranium, with grades in excess of 100x global averages.
Work at the project, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlighted by the NE-striking conductivity high in the southern part of the property.
Project is located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east of Stony Rapids.
But the Canadian company said the uranium market remained “quiet.”
Following a community outcry, Aben Resources and Eagle Plains Resources decided to suspend their planned drill program at the Chico Gold Project.
GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.
GFG Resources now controls a total of 700 square kilometres of gold assets in Ontario and Wyoming.
Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.
Canada’s top uranium producer is seeing the first improvements brought by higher prices and drastic cost-cutting measures, including the recent haly of its flagship McArthur River mine in northern Saskatchewan.
Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.
Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.
Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.
Agreement aims at boosting the safety of twin pipelines beneath the waterway where Lakes Huron and Michigan converge.
The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).
One coal-fired power plant in Saskatchewan likely won't be retrofitted before 2030.
But low prices for the radioactive commodity remain a challenge, the latest report by the US Geological Survey (USGS) shows.
Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.
Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium.
Cameco said its most immediate goal was to remain competitive and in a position to be among the first to respond when the market calls for more uranium.
Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.
Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.
Drills turning at CanAlaska Uranium's (TSXV:CVV) West McArthur project in Saskatchewan, Canada, have started to bear fruit.