Archive for November, 2007

Australia awash with uranium

Monday, November 19th, 2007

AUSTRALIA’S reputation as the world’s richest uranium prospect has been confirmed with the CSIRO upping the nation’s resource by more than a third.
The nation’s chief geoscientific body this week announced that Australia’s uranium resources had increased from 714,000 tonnes to 953,000 tonnes in the year to August.

And the report concluded that if areas deemed inaccessible — such as remote Queensland and Western Australia — and inferred resources are factored into the calculation the amount balloons from 1.22 million to 1.53 million tonnes.

According to a report from the CSIRO’s Geoscience Australia, mineable uranium resources increased 33.5 per cent in the eight months to August.

“At the end of 2006, Australia’s reasonably assured resources recoverable at costs of less than US$40/kg … were estimated to be 709,000 tonnes, which represents 36 per cent of world resources in this category,” the GA report says. (more…)

Uranium Energy Corp Expands its Technical Team and Advisory Board With Industry Veterans

Monday, November 19th, 2007

Uranium Energy Corp. — announces significant appointments to its technical team and advisory board. Mr. Clint Milne, BSc, MSc, PGeo, has been appointed as Senior Geologist of the Company, and will be based out of the Company’s Albuquerque exploration office. Mr. George Cavey, BSc, PGeo, has been appointed to the Company’s Advisory Board. Mr. Cavey will be the fourth member of this board.

Clint Milne is a geologist with 35 years experience in the US mining and uranium industries. He has managed exploration, mining and environmental projects for Mobil Oil, Kennecott Energy and ARCO. He has also worked as the State Uranium Geologist for the state of Washington. Mr. Milne has considerable experience in the energy sector, including extensive senior operating experience in the uranium sector. While at Mobil Oil, he was manager of its Grants, NM, uranium exploration and development office, with oversight of Mobil’s Crownpoint operation. His 35-year career has been spent entirely in the United States, and largely in the western states. Mr. Milne has degrees in geology, geochemistry and hydrogeology, and has published numerous papers and articles.
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BHP suspends Angola ops after helicopter crash

Monday, November 19th, 2007

Mining group BHP Billiton Ltd/Plc has suspended its exploration operations in Angola after a helicopter crash on Friday killed five people on the way to its Alto Cuilo Camp site in the north east of the country.

In a statement seen by Reuters on Sunday, BHP Billiton (BHP.AX)(BHP.L) said those killed included David Hopgood, the Australian chief operating officer of BHP Billiton Angola.

It said two helicopters struck bad weather as they were transporting personnel to Alto Cuilo Camp, a joint venture with London-listed Petra Diamonds (PDL.L), forcing both to land temporarily before taking off again when the weather cleared.

The second craft later went missing and its wreckage was only found on Saturday, the company said, adding: “Tragically, none of the passengers had survived the crash.” (more…)

Uranium exploration licence still up for grabs

Monday, November 19th, 2007

The Northern Territory’s Department of Mines says it has not made a decision on applications for an exploration licence at the Angela and Pamela uranium deposits south of Alice Springs.

Last December, Norm McCleary from McCleary Investments pegged out claims over the deposits after the Northern Territory Government lifted restrictions on the land.

Mr McCleary’s claim gazumped applications from 37 companies.

The Supreme Court ruled the claim unlawful and in October McCleary Investments decided not to pursue an appeal.

A spokeswoman from the Mines Department says the other applications can now start to be assessed, but she says it is unclear when a decision will be made./au.biz.yahoo

Tribune Uranium Plans Reed Lake Exploration Program

Monday, November 19th, 2007

Tribune Uranium Corp. (TSX VENTURE:TCB – News; FRANKFURT:S8QA – News; the “Company”) (“Tribune”) has began preliminary work to initiate the Company’s 2008 exploration and drill program on its 100-per-cent held Quartz Claims, in the Reed Lake Mining District of Manitoba. The Quartz Claims are located near the recent VMS Ventures Inc. discovery hole grading 11.19% Cu over 10.50 meters.

Director, Edward Kruchkowski, P. Geo, will oversee the development and implementation of a comprehensive exploration program, to verify historical drilling and to test previously un-drilled EM conductor bodies within the Quartz Claims.

In preparation for the 2008 exploration program, scheduled to begin in January 2008, Tribune’s exploration team has met to review historical data on the Quartz Claims and have determined multiple high priority targets to be tested. A drill company has been contacted and a drill has been reserved for the duration of the 2008 program. Applications for drill permits have been completed and submitted to the Manitoba, Ministry of Mines. (more…)

Delta Uranium Inc.: Update on Exploration Program

Monday, November 19th, 2007

Delta Uranium Inc. (“Delta” or the “Company”) is pleased to announce that exploration is well underway on its Kenora Uranium Project in Northwestern Ontario. To date a regional airborne radiometric survey and ground follow-up geophysical program have been completed, while a geochemical survey, including grab, channel and soil sampling, is underway. In addition to confirming many of the historical uranium showings, the surveys have identified a number of new and significant anomalies. The current exploration program is designed to advance selected targets to first phase drilling scheduled for this winter.

In all, 42 historic uranium occurrences are known in this part of Ontario and their location coincides with that of a large uranium anomaly in lake-bottom sediments. For the first time in the history of exploration in this part of Ontario, one company (Delta) controls nearly all of the significant uranium occurrences.

Airborne Radiometric Survey (more…)