NexGen Energy (NXE:TSXV) has started a 3,000m drill program on their Rook I property which is located next door to Alpha/Fission’s PLS project (see recent drill results here). NexGen has already completed aerial VTEM and magnetics as well as ground gravity testing. The exploration team at NexGen, led by Andrew Browne, has already defined a number of high priority targets. With the number of well-defined targets they have, NexGen plans to drill late into September which should provide news flow well into the Fall.
NexGen Energy (NXE:TSXV)
“The results of the various geophysical surveys completed since acquisition have only increased our pre-existing confidence with respect to the prospectivity of Rook I. NexGen will drill these targets areas until the weather closes in, expected late September,” says Leight Curyer, CEO of NexGen.
News Release here: NexGen Commences 3,000m Drill Program Near PLS Discovery
Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced this morning, after being halted late yesterday, that they had discovered a fourth mineralized zone at their Patterson Lake South Discovery. The fourth zone, R945E, is located 165m grid east of R780E zone and extends the total strike length of the PLS deposit to 1.05km. Hole PLS13-084 hit 2.7m of ‘off-scale’ radioactivity in a total mineralized interval of 18m and the hole is still being drilled; currently at a depth of 302m.
Alpha Minerals (AMW:TSXV)
Fission Uranium (FCU:TSXV)
Fission’s President, COO and Chief Geologist, Ross McElroy said: “with the discovery of this mineralization at section 945E, we have now identified a 4th separate mineralized zone along a strike length of just over 1km. The significant breadth of mineralization in this drill hole will be aggressively followed up. Taken as a whole, this is further evidence that PLS is host to an extensive mineralized system.”
News Release here: Alpha/Fission Discover Fourth Zone at PLS
Mining in British Columbia Today
By Gavin Dirom, President at AME BC, at MiningFeeds.
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While grassroots mineral exploration activity appears to be down in 2012 compared with 2011, there were many advanced exploration projects including New Gold’s Blackwater (Stock Profile – TSX:NGD), Pretium’s Brucejack (Stock Profile – NYSE:PVG & TSX:PVG), Seabridge’s KSM (Stock Profile – TSX:SEA) and several coal projects in British Columbia that may strongly boost the exploration expenditures for 2012 into record-breaking territory.
Commensurately, we should see B.C.’s share of the total investment in mineral exploration in Canada increase as well. These notable highlights, though, are in sharp contrast with the tough venture market conditions, due largely to the volatile global economy, that so many B.C.-based junior exploration & mining companies have faced this past year.
As we note at the Association for Mineral Exploration British Columbia (AME BC), explorers and developers are competing internationally for investment and the best indicator of successful mineral exploration and development is seeing a new mine open. Continue reading