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Northern Saskatchewan Mineral Exploration
Highlights April 2019
(306) 425-4778 | [email protected]
Inside Commodities……..……2
Regions…….....…………...6
New Dates - September 25th & 26th,2019
A conference to promote the mining and
exploration industry in Northern Saskatchewan
Mineral Potential Updates and Core Displays
Service Awards
Networking Social
Northern Fish Fry!
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URANIUM
ALX URANIUM CORP
ALX has commenced ground helium and radon sampling of sediments on the Black Lake
Project near Stony Rapids. ( through snow cover ).
AZINCOURT ENERGY CORP
Azincourt Energy has commenced phase one drilling on the East Preston Project optioned
from Skyharbour Resources and Clean Commodities Corp.
DENISON MINES CORP
Denison Mines Corp announced that following the completion of a Pre-Feasibility Study
( PFS ) pairing the Phoenix undeveloped uranium deposit with the in-situ recovery method
the Company intends to initiate the Environmental Assessment ( EA ) process, the completion
of ISR wellhead testing as well as the initiation of metallurgical pilot plant testing and other
engineering studies related to ISR Mining on the Phoenix Deposit. The permitting process for
the Gryphon Deposit ( conventional mining ) will commence at a later time, in order to meet
the PFS plan for first production of Gryphon ore by 2030.
FISSION URANIUM CORP
Fission Uranium has intersected high-grade uranium mineralization in three holes drilled in the
R780 E Zone.
Focus is now on geotechnical drilling of ring dyke and cut-off wall.
FISSION 3.0
Fission 3.0 completed 8 holes in 1300m at Key Lake South, intersecting multiple narrow
radiometric anomalies and strong alteration.
Fission 3.0 has regained 100% ownership of PLN Project.
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URANIUM
ISO ENERGY LTD
ISO Energy drilling results confirm high-grade uranium at Hurricane with a minimum strike
length of 150m.
NEXGEN ENERGY LTD
NexGen reports radioactivity results for the first 20 holes comprising 8,216.5m from the First
Phase Feasibility Drilling Program.
The 2 stage 125,000m ( 10 rig ) high density drilling program commenced mid-December 2018
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DIAMONDS
Star Diamond Corp completed a major study on the abundance of Type 11a rare diamonds for
Star and Orion South.
Year-End results filed on SEDAR include PEA, environmental approval by Ministry of the
Environment, bulk sampling of Star and Orion South kimberlites by RTEC and brownfields
exploration of company’s kimberlites outside of Star & Orion South by RTEC.
GOLD
MAS GOLD CORP
The winter drill program on the La Ronge Gold Project has been completed. At the Point Pro-
spect 13 holes totalling 1947m were completed and at the North Lake Prospect 10 holes
totalling 1541m were drilled. Assays for 20 holes are pending.
ROUGHRIDER EXPLORATION LTD
Terminated option agreement with Eagle Plains Resources Ltd for Brownell Lake and Olsen
properties.
SEARCHLIGHT RESOURCES INC
TSX approved option agreement on 4 claims adjoining their Bootleg Gold Project. The 4 claims
include the Phantom Ledge Gold and Curved Lake VMS properties.
The agreement also includes a Right of First Refusal ( RoFR ) for 300,000 ha in the Flin Flon
Greenstone Belt.
TAIGA GOLD CORP
SSR Mining currently drilling out of the Fisher Camp with two drills on a 8000m program to
follow-up on intersections on the Mac Vein as well as two other historic targets.
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BASE METALS
MURCHISON MINERALS LTD
Murchison Minerals has added another 45.9 km2 of mineral land holdings to their Brabant/
McKenzie Zn/Cu/Ag Property to hold 324 km 2.
Murchison has identified several new significant EM conductors 1700m east of their Brabant-
McKenzie deposit which appear to be unexplored.
ROCKRIDGE RESOURCES LTD
Winter drill program has commenced on the Knife Lake Cu-Zn-Ag-Co VMS Property optioned
from Eagle Plains Resources Ltd.
SEARCHLIGHT RESOURCES INC
TSX approved the option agreement on 4 claims adjoining their Bootleg Gold Project. The 4
claims include the Phantom Ledge Gold and Curved Lake VMS properties.
The agreement also includes a Right of First Refusal ( RoFR ) for 300,000 ha in the Flin Flon
Greenstone Belt.
UEX CORP ( CoEX METALS CORP )
110 holes totalling 9780m completed to date on West Bear Co/Ni Project. Assays received for
36 holes to date. Majority of assays pending.
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(SWA) Southwestern Athabasca
FISSION 3.0
Fission 3.0 has regained 100% ownership of the PLN Project ( Azincourt Energy has elected not to participate for their 10% ownership ).
Drilling commenced on the East Preston Project optioned from Clean Commodities Corp and Skyharbour Resources Ltd. Program to include 2500 m drilling in 10-15 ddh’s. Azincourt is earning towards a 70% in-terest.
Azincourt has elected not to retain its 10% interest in the PLN JV with Fission Uranium Corp and later Fission 3.0 , and instead focus all their resources on the East Preston Project.
FISSION URANIUM CORP
Three holes drilled on the R780 E Zone have intersected high-grade mineralization that fit within and expanded beyond the currently modeled high-grade domain. PLS19-PW-09 intersected 27.5m of continuous strong uranium mineralization with 3.72m > 10,000 cps and PLS19-PW-10 intersected 47.5m total composite mineralization with 3.98m >10,000 cps.
The program is now focusing on geotechnical drilling on the ring dyke and cut-off wall as well as hydrogeology and pump testing.
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NEXGEN ENERGY CORP
NEXGEN reports radioactivity results for the first 20 holes comprising 8,216.5m from the First Phase Feasibility Study drilling program.
19 holes intersected the A2 sub-zone. The objective is to move the resource category from Indicated Mineral Resources to Measured Mineral Resources classification.
NEXGEN is expediting Arrow to feasibility by initiation of a 2-stage 125,000m ( 10 rig ) high density drilling program that commenced in mid-December 2018
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(EA) Eastern Athabasca
ALX URANIUM CORP
ALX has commenced a ground radon and helium survey on the Black Lake Project near Stony Rapids. ALX owns a 40% interest and can earn up to 75% interest from UEX Corp.
The sampling is done while there is still snow cover in order to gain access over frozen swamps and muskeg to sample the sediments with an auger. The radon is trapped under the ice. Approximately 160 radon/helium samples are to be taken.
APPIA ENERGY CORP
Appia Energy has commenced drilling on the Loranger Property 28 km SE of the Rabbit Lake Mill. The program will comprise 5 to 10 holes in 1000m drilling.
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DENISON MINES CORP
Denison Mines Corp announced that following the completion of a Pre-Feasibility Study ( PFS ) pairing the Phoenix undeveloped uranium deposit with the in-situ recovery method the Company intends to initiate the Environmental Assessment ( EA ) process, the completion of ISR wellhead testing as well as the initiation of metallurgical pilot plant testing and other engineering studies related to ISR Mining on the Phoenix Deposit. The permitting process for the Gryphon Deposit ( conventional mining ) will commence at a later time, in order to meet the PFS plan for first production of Gryphon ore by 2030.
The PFS estimates an operation cost of $4.33 ( USD $3.33 ) per pound of U3O8 for the ISR method with an estimated mine production of 109.4
million pounds of U3O8 over a 14 year mine life with a cash pre-tax Net Present Value ( NPV ) of $1.31 billion, Internal Rate of Return ( IRR ) of 38.7%, and initial pre-production capital expenditures of $322.5 million.
Denison has declared probable mineral reserves of 109.4 million pounds of U3O8 ( Phoenix 59.7 million pounds U3O8 from 141,000 tonnes at 19.1 % U3O8 and Gryphon 49.7 million pounds U3O8 from 1,257,000 tonnes @ 1.8 % U3O8 ), indicated mineral resources ( inclusive of reserves ) of 132.1 million pounds U3O8 ( 1,809,000 tonnes at an average grade of 3.3 % U3O8 ) and inferred mineral resources of 3.0 million pounds U3O8 ( 82,000 tonnes at an average grade of 1.7% U3O8 ) for Wheeler River.
FISSION 3.0
8 holes drilled on Key Lake South comprising 1300 m intersected multiple narrow radiometric anomalies and strong alteration including KL19-005 which intersected >100m of strong clay alteration and faulted rock. Key Lake South is located in the SE Basin area 40 km south of the Basin margin.
Ground geophysics is planned for Cree Bay which will assist with a planned summer drill program.
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ISO ENERGY LTD
Drilling results confirm the presence of high-grade uranium mineralization at Hurricane with a minimum strike length of 150m. DDH LE 19-12 intersected 8.5m of uranium mineralization including 4.5m >10,000 cps 75 m West of the discovery and DDH LE 19-13 intersected 2.5m >1,000 cps including 0.5m > 10,000 cps 75m East of the discovery.
UEX CORPORATION (CoEX METALS CORPORATION)
On the West Bear Co/Ni Project 110 holes in 9780m drilling completed to date in winter drilling. Assay results received for 36 holes. Highlights of current program include WBC-047 with 0.05% Co and 0.16% Ni over 27.50m and drill hole WBC-070 with 0.06% Co and 0.16% Ni over 11.00m.
The strike length of the zone increased from 400m to 550m with majority of assays pending.
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(LAF) La Ronge, Flin Flon
MAS GOLD CORP
Additional results from winter drilling completed at the Point Prospect with ddh RM-19-46 re-turning 5.32 g/t Au over 3.0m and 4.80 g/t Au over 1.0m.
The winter drill program on the La Ronge Gold Project has been completed. At the Point Prospect 13 holes totalling 1947m were completed and at the North Lake Prospect 10 holes totalling 1541m were drilled. Assays for 20 holes are pending.
MAS Gold will receive $50,000 in grant funding from the Saskatchewan Government.
The La Ronge Gold Project is a JV between MAS Gold and Golden Band Resources Inc, with MAS Gold as the operator.
MURCHISON MINERALS LTD
Murchison has added another 45.9 km2 of mineral land holdings to the East of and contiguous to the Zn/Cu/Ag Brabant McKenzie deposit. Murchison now holds 324 km2 over a strike length of approximately 38km. New staking based on Cu/Zn/Ag/Co/Ni/Hg lake sediment anomalies.
Murchison has identified several new significant EM conductors 1700m east of their Brabant-McKenzie deposit which appear to be unexplored.
The 1800m long McKenzie B target comprises 2 parallel conductors oriented north-south with a 3rd conductor trending obliquely at the north-end.
The 800m long McKenzie C target is 800m further east and parallel to B. It is interpolated to extend 4000m in length.
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SEARCHLIGHT RESOURCES INC
The TSX has approved the option of 4 claims adjoining the Bootleg Gold Project as well as the Right of First Refusal ( RoFR ) on claims covering 300,000 ha of the Flin Flon Greenstone Belt.
The 4 claims cover the Curved Lake VMS and Phantom Ledge Gold targets.
ROCKRIDGE RESOURCES LTD
Winter drill program has commenced on the 85,196 ha Knife Lake Cu-Zn-Ag-Co VMS Property optioned from Eagle Plains Resources Ltd. The program will comprise 1000m in 8-10 drill holes with a focus of verifying historic drilling as well as in-fill and step-out drilling to support updated NI 43-101 compliant resource calculation.
ROUGHRIDER EXPLORATION LTD
Terminated option agreement with Eagle Plains Resources Ltd on Brownell Lake and Olsen properties.
TAIGA GOLD CORP
Winter drilling by SSR Mining on the Fisher Gold Property is ongoing with two drills. The 8000 m program is following-up on intersections on the Mac Vein as well as two additional historic targets.
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(O) Other Regions
Star Diamond Corp / Rio Tinto Exploration Canada
Star Diamond Corp has filed year-end results with SEDAR. Included are;
-Independent Preliminary Economic Assessment ( PEA ) on 100% held Star and Orion South
kimberlites
-Environmental approval by Ministry of the Environment
-Study results indicate a high proportion of Type 11a diamonds in Star ( 26.5% ) and Orion South
( 12.5% ) kimberlites.
-Bulk sampling of Star and Orion South kimberlites by RTEC.
-Brownfield exploration by RTEC on kimberlites outside of Star and Orion South.
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Fission Uranium Corp
700 - 1620 Dickson Ave
Kelowna, BC V1Y 9Y2
1-877-868-8140
fissionuranium.com
Eagle Plains Resources Ltd.
Suite 200, 44 - 12th Ave S
Cranbrook, BC V1C 2R7
1-866-486-8673
eagleplains.com
CoreSafe Core Trays
(778) 919-4804
www.coresafecoretrays.ca
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Company Directory
Denison Mines
230 - 22nd St E
Saskatoon, SK S7K 0E9
(306) 652-8200
denisonmines.com
To include your company in our
directory, email [email protected]
Orano Canada Inc
817 - 45th St W
Saskatoon, SK S7L 5X2
(306) 343-4500
oranocanada.com
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Little Rock Enterprises Inc.
1220 Poirier St.
La Ronge, SK S0J 1L0
(306) 425-3715
M.A.R.S.H. Expediting
1220 Poirier St.
La Ronge, SK S0J 1L0
(306) 425-3715
AJG Exploration Ltd.
La Ronge, SK S0J 1L0
(306) 425-2217
ajgexploration.com
Northern Resource Trucking
1112 Finlayson St.
La Ronge, SK S0J 1L0
(306) 425-2148
nrtlp.com
Exploration Service Directory
J.P. Enterprises
1311 Poirier St.
La Ronge, SK S0J 1L0
(306) 425-2520
Northern Shield Helicopters
La Ronge, SK S0J 1L0
1-877-989-2677
northernshieldhelicopters.ca
Company Name
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Northlands College
Parcel M - Hwy #2 N
Air Ronge, SK S0J 3G0
(306) 425-4483
trainnorth.ca
Transwest Air
Hangar 21 Prince Albert
Municipal Airport
Prince Albert, SK S6V 5R4
(306) 764-1404
transwestair.com
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directory, email [email protected]
J.P.
Enterprises