Resource World Magazine

Resource World - October-November 2018 - Vol 16 Issue 6

Issue link: http://resourceworld.uberflip.com/i/1037672

Contents of this Issue

Navigation

Page 38 of 71

O C T O B E R / N O V E M B E R 2 0 1 8 www.resourceworld.com 39 permits, and the company has begun to submit applications for permits and licenses to construct and operate at its Shirley Basin Project. Meanwhile, investors can gain expo- sure to bullish moves in uranium equities by taking positions in the following companies: Alliance Mining Corp. [ALM-TSXV] is in the process of acquiring a100% inter- est in a uranium prospect near Tonopah, Nevada. The current owners have reported encouraging near-surface uranium min- eralization. Alliance is planning an exploration program to take place in the near future that would seek Wyoming roll-front uranium deposits. The company would consider the prospect as a potential open pit, heap leach project. ALX Uranium Corp. [AL-TSXV; ALXEF-OTC; 6LLN-FSE] has interests in over 200,000 hectares of prospective lands in the Athabasca Basin. ALX recently reported initial results from recon- naissance drilling on the Hook-Carter property. Hook-Carter is located along the prolific Patterson Lake Corridor, host to the Triple R uranium deposit, the Arrow deposit, the Harpoon, Bow and South Arrow uranium discoveries, and the Spitfire, Hornet and Dragon discover- ies where to date, resources totaling over 400M lbs of uranium have been discov- ered since late 2012. Hook-Carter is owned 80% by Denison Mines and 20% by ALX, with Denison as operator. Alteration observed in Denison's 2018 drilling confirmed that Hook-Carter lies within the Patterson Lake corridor and drilling is expected to resume in the winter of 2019. ALX also just acquired the Tango prop- erty in Saskatchewan, which exhibits a significant historical showing of nickel, copper, cobalt and gold mineralization.. Blue Sky Uranium Corp. [BSK- TSXV; BKUCF-OTCQB; MAL2-FSE] has carried out a 61-hole, 1,029-metre reverse circulation drilling program at the Ivana uranium-vanadium deposit on its 100%-owned Amarillo Grande uranium-vanadium project in Rio Negro, URANIUM

Articles in this issue

Links on this page

Archives of this issue

view archives of Resource World Magazine - Resource World - October-November 2018 - Vol 16 Issue 6