Resource World Magazine

reconnaissance and exploration programs, including geophysics and drilling. Athabasca Uranium Inc. [UAX-TSXV; ATURF-OTCQX] has completed a multiphase airborne V-TEM survey on its McGregor Lake, Fisher River and Keefe Lake uranium projects in the Athabasca Basin region. At McGregor Lake, 52 linekm were flown to investigate five discrete targets. At the newly acquired Fisher River Project, 253 line-km were flown to investigate two subsurface conductive zones which span over 4 km. Azincourt Resources Inc. [AAZ-TSXV] has an option to earn a 50% interest in Denison's Patterson Lake North Project in the Athabasca Basin. The 10 claims cover 27,408 hectares in the southwest area of the Athabasca Basin immediately north of and adjacent to the Alpha/Fission Patterson Lake South Project, site of the recent uranium discovery. Bannerman Resources Ltd. [BAN-TSX; BMN-ASX] has an 80% interest in the Etango uranium project, Namibia, one of the world's largest undeveloped uranium deposits. Based on a Definitive Feasibility Study, Etango is expected to produce 7-9 million lbs U3O8 per year for the first five years and 6-8 million lbs U3O8 per year thereafter. Bayswater Uranium Corp. [BYU-TSXV; BYSWF-USOTC] has two advanced uranium projects with defined resources. Their most advanced, Reno Creek Project, in Wyoming, could be in production in 2016. Reno Creek is at the mine permitting stage with various Federal and State regulatory agencies. Bayswater also has two early-stage projects in Canada at the drill stage, including in the Central Mineral Belt of Labrador and the Collins Bay Extension Project, Saskatchewan. Cameco Corp. [CCO-TSX; CCJ-NYSE], in addition to being one of the world's largest uranium producers (14% of world production from mines in Canada, the US and Kazakhstan), holds premier land positions in the world's most promising areas for new uranium discoveries in Canada and Australia. Cameco has been granted a uranium mining licence authorizing construction and operation of its Cigar Lake JULY 2013 Mine in Saskatchewan. CanAlaska Uranium Ltd. [CVV-TSX] has over a dozen uranium prospects in the Athabasca Basin covering over 3,900 square miles, the two key projects being the West McArthur and Cree East projects. CanAlaska also recently optioned two uranium properties adjoining the Alpha/ Fission property at Patterson Lake South in the Athabasca Basin. Denison Mines Corp. [DML-TSX; DNNNYSE AMEX] has an exploration project portfolio of 50 projects that comprise approximately 658,000 hectares in the eastern Athabasca Basin. Energy Fuels Inc. [EFR-TSX; EFRFFOTCQX], a US uranium producer, has signed a letter of intent to acquire Strathmore Minerals Corp. [STM-TSX; STHJF-OTCQX] which has a number of uranium projects at various stages in the western US. European Uranium Resources Ltd. [EUU-TSXV; EUUNF-OTCQX; TGP-FSE] has a portfolio of exploration and development projects in Slovakia, Sweden and Finland at various stages. The company plans to complete a feasibility study on the Kuriskova Project in Slovakia by the end of 2014 or possibly first quarter 2015. Forsys Metals Corp. [FSY-TSX] reports development is under way at the 100%owned and fully permitted Valencia uranium deposit in Namibia, Africa. The nearby Namibplas uranium project has NI 43-101 compliant resources of 41 million lbs eU3O8. Forum Uranium Corp. [FDC-TSXV] and joint venture partner NexGen Energy Ltd. reported assays of shallow uranium mineralization encountered from drilling at Otis West, Athabasca Basin. Grades of up to 1.80% U3O8 were intersected in five of nine holes immediately south of the Maurice Bay deposit. The mineralized zone remains open to depth and to the east. This is the fourth target drilled on the property that intersected basement-hosted uranium mineralization. International Enexco Ltd. [IEC-TSXV; IEXCF-OTCQX] is continuing its 28-hole diamond drilling program on its Mann Lake uranium project in the Athabasca Basin where, to date, elevated radioactivity has been encountered in several drill holes. Kivalliq Energy Corp. [KIV-TSXV] announced the discovery of uranium mineralization associated with a geophysical conductor located 650 metres northeast of the J4 Zone at the Angilak property in Nunavut Territory, Canada. The ML Zone is Kivalliq's second drilling discovery this season and the twelfth discovery within the prospective Lac 50 Trend since 2010. Hole 13-ML-001 intersected anomalous radioactivity up to 30,000 counts per second over 1.3 metres true width. Lakeland Resources Inc. [LK-TSXV; 6LL-FSE] has acquired two additional uranium properties by staking, both located within the eastern margin of the Athabasca Basin. The company has also signed an option agreement for two projects at the northern margin of the basin. The two new optioned projects, South Pine and Perch Lake, are strategically located near the company's existing uranium projects. Laramide Resources Ltd. [LAM-TSX, ASX] is a uranium exploration and development company with projects in Australia and the US. In the US are the developmentstage La Sal and La Jara Mesa projects. The company also has joint ventures, equity interests and royalty positions. Laramide's flagship project is the Westmoreland Project in Australia with indicated resources of 36 million lbs uranium. Macusani Yellowcake Inc. [YEL-TSXV; QCI-FSE] focused on the exploration of its Kihitian, Colibri 2 & 3, and Corachapi properties on the Macusani Plateau of southeast Peru. At the Kihitian property, recent drilling returned 1,962 ppm U3O8 (or 3.852 lbs/ton), including two highergrade zones over 13 metres. NexGen Energy Ltd. [NXE-TSXV] holds a portfolio of prospective uranium exploration assets in the Athabasca Basin, including, the optioned Radio Project, immediately adjacent to Rio Tinto's Roughrider deposit and a 100% interest in Rook 1, immediately adjacent to the North East of Patterson Lake South. A 4,400-metre diamond drilling program is planned for the flagship Radio Project. www.resourceworld.com 11

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