Australia's Labor Left Faction Are Moving Towards Embracing Nuclear Power.

Published on Friday February 25 2011
 

Labor's most successful leader, Bob Hawke, has also backed a full-blooded debate on Uranium and Nuclear Energy at the ALP's national conference this year.

In a blunt challenge to Julia Gillard - who has called 2011 her year of decision - the former prime minister said Labor should never be afraid of passionate debates on tough reform issues.

Former Australian of the Year, Dick Smith, has also come out in favor of nuclear and claims most Aussies he talks with are also supportive.

It is understood senior Left figures in the Gillard Government have been urging people to speak out on nuclear power in an effort to kick-start a public debate.

Breaking his silence, long-standing Left MP Dick Adams said Australia should consider nuclear power, calling it the largest and most promising source of low-carbon energy for most countries.

"We need to think about what will happen if we do not clean the coal that we have in the ground" he said.

The only reason it had not been introduced in Australia was cost, he said. "But there may be a day when we will have to consider it - and that day is getting closer."

Smoking one of his trademark cigars yesterday in a parliamentary courtyard, Mr Hawke urged Labor leaders to put all the passions and prejudices to one side and look at the facts about nuclear power.

"The fact is if we want the cleanest possible environment (then) the generation of electricity by nuclear power stations is going to be an increasingly positive feature of that," he said.

Flanked by Cabinet Minister Simon Crean, the Labor icon said the ALP "should never, in a vibrant democracy like ours, be frightened of debate and discussion".

Mr Smith said: "We should be looking at least in the short term at nuclear because I think it is going to be quite a while before we invent a way of storing solar power. There is something like 5000 times more energy from the sun but we haven't invented a way of storing it, so until then I think we should be using nuclear."

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Black Range Minerals Top 20 BLRO Shareholders Update As At Tuesday 22nd Feb 2011

Published on Wednesday February 23 2011

Options exercisable at
A$0.045 expiring at 5pm
WST on 28th February 2011
BLRO  Total Number Of Securities 100,312,930 

Finalized  BLRO Holdings Update 22nd Feb 2011

Interesting to note change of BLRO (options) securities 
since  4th Feb 2011

BLR Top 20 Holdings as at Tuesday 22nd Feb 2011

Black Range Minerals (ASX: BLR) has positioned itself as potentially one of the larger uranium players in the energy hungry United States, with the exclusive rights to acquire 100% of the 30 million pound Hansen Uranium Deposit in Colorado.

Although not yet a JORC compliant resource, the acquisition is a coup for Black Range as it owns the 60 million pound Taylor Ranch Uranium Project located immediately adjacent to the Hansen deposit.

Which is all good news because Colorado has given a green light for the first new uranium mill in the United States in 25 years with the application by Toronto listed Energy Fuels Inc (TSX: EFR).

Black Range can acquire the 51% interest from STB Minerals LLC with consideration including both cash and scrip, with a six year option, with the company already holding an option to acquire the NZ Minerals LLC’s 49% interest, providing the 100% interest in the project.

Black Range has recently raised around $4.4 million which will enable the company to aggressively advance feasibility studies and mine permitting activities at the Taylor Ranch/Hansen Uranium Project.

Combined, the Taylor Ranch and Hansen uranium projects are one of the largest within the United States, with 90 million pounds of U3O8.

The will be no shortage of demand, as the United States currently consumes around 50 million pounds of U3O8 annually, which is just over a quarter of the globes consumption.

Under the consideration for the option, Black Range will pay STB Minerals US$1 million and issue US$2.5 million worth of shares, and undertake feasibility studies into a commercial scale mining operation.

Black Range shall pay STB Minerals a further US$2 million and issue STB US$7.5 million worth of shares when the option is exercised.

Hansen was discovered in 1977, and has been largely explored with around 1,000 holes previously drilled to define the deposit.

Mineralisation is hosted by a flat-lying sandstone sequence, with the high grade portion of the deposit being up to 45 metres in thickness.

Three feasibility studies were completed and the deposit was fully permitted for mining in the early 1980s; however, mining never eventuated because the global uranium price collapsed shortly after permits were awarded.

Black Range will now acquire additional metallurgical, geotechnical and hydrological data at Hansen in order to update previous feasibility studies, with permits already obtained for the additional data.

Although it has some work to do, based on current valuation of less than $50 million, Black Range Minerals is emerging as significant uranium player at a very undemanding valuation.

Latest Key Developments From 2005 - 2011

Black Range Minerals Ltd. Executes Definitive Agreement With STB Minerals LLC
Sunday, 20 Feb 2011 04:49pm EST 

Black Range Minerals Ltd. announced that it has executed a definitive agreement with STB Minerals LLC (STB) that provides Black Range an exclusive option to acquire the remaining 51% interest in the 30 million pound Hansen Uranium Deposit in Colorado, USA. The Company already holds an exclusive option to acquire NZ Minerals LLC's 49% interest in the Hansen Deposit. Hence the Company now holds exclusive rights to acquire 100% of the Hansen Uranium Deposit. Black Range has an exclusive, six-year option to acquire STB's 51% mineral interest in the Hansen Uranium Deposit and immediate surrounds. Once conditions precedent are satisfied, which is expected to occur within the next three months, Black Range shall pay STB USD 1.0 million and issue STB USD 2.5 million worth of shares in Black Range (based on Black Range's five-day VWAP for the period immediately preceding the issue of the shares). These shares will be issued in two tranches, 180 days apart. To exercise its option to acquire STB's mineral interest, Black Range shall pay STB a further USD 2.0 million and issue STB USD 7.5 million worth of shares in Black Range. These shares would be issued in two tranches, 180 days apart. The finalisation of agreements to acquire 100% of the advanced Hansen Uranium Deposit puts the Company in a very good position to develop a mining operation at the Taylor Ranch/Hansen Uranium Project.

Black Range Minerals Ltd. Exercises Listed Options
Wednesday, 16 Feb 2011 03:10am EST 

Black Range Minerals Ltd. announced that it has issued 2,621,448 fully paid ordinary shares for a total consideration of AUD 117,965.16. The issuance was made pursuant the exercise of listed options. 

 

Black Range Minerals Limited Announces Exercise Of Options
Thursday, 10 Feb 2011 10:43pm EST 

Black Range Minerals Limited announced the issuance of 41,250 fully paid ordinary shares for a total consideration of AUD 1,856.25 pursuant to the exercise of listed options.

Black Range Minerals Ltd. Exercises Listed Options
Thursday, 3 Feb 2011 03:33am EST 

Black Range Minerals Ltd. announced that it has issued 258,000 fully paid ordinary shares for a total consideration of AUD 11,610. The issuance was made pursuant the exercise of listed options.

Black Range Minerals Ltd. Announces No Dividend
Wednesday, 20 Oct 2010 05:35pm EDT 

Black Range Minerals Ltd. announced that no dividend was paid or declared by the Company in the year and up to the date of this report.

Black Range Minerals Ltd. Announces Divestment Of Koonenberry Base Metal Project To Wholly Owned Subsidiary Of Ausmon Resources Limited
Tuesday, 17 Aug 2010 08:53pm EDT 

Black Range Minerals Ltd. announced that it has reached agreement to divest its Koonenberry Base Metal Project in New South Wales. Black Range Minerals has executed an agreement to sell 100% of its interests in the non-core Koonenberry Base Metal Project to a wholly owned subsidiary of Ausmon Resources Limited. Consideration comprises $200,000 and one million shares in Ausmon Resources Limited. Black Range Minerals anticipates settlement of the transaction towards the end of August 2010.

Black Range Minerals Ltd. Announces Letter Of Intent To Acquire Hansen Uranium Deposit
Monday, 24 May 2010 12:41am EDT 

Black Range Minerals Ltd. announced that it has executed a Letter of Intent with STB Minerals LLC (STB), providing the Company the exclusive right to acquire STB’s interest in the 30 million pound Hansen Uranium Deposit in Colorado, USA. The Company holds exclusive rights to secure a 100% interest in the Hansen Uranium Deposit, which is located immediately adjacent to the Company’s 100% owned +60 million pound Taylor Ranch Uranium Project. The Company has paid STB USD500,000 for the exclusive right to acquire an option over STB’s mineral interest in the Hansen Uranium Deposit and immediate surrounds. STB and Black Range will work towards finalising and executing Definitive Agreements by August 2010. On execution of Definitive Agreements Black Range shall pay STB USD1.0 million and issue STB USD2.5 million worth of shares in Black Range (based on Black Range’s five-day VWAP for the period immediately preceding the issue of these shares). 50% of the shares shall be escrowed for six months from the date of their issue. On execution of Definitive Agreements, STB shall grant Black Range an option to acquire STB’s mineral interest in the Hansen Uranium Deposit at any time until August 6, 2013 (the Option Period). During the Option Period Black Range shall undertake feasibility studies into the development of a commercial scale mining operation at the Taylor Ranch/Hansen Uranium Project, evaluating all potential mining methods.

Black Range Minerals Ltd. Not To Pay Interim Dividend
Tuesday, 16 Mar 2010 05:43am EDT 

Black Range Minerals Ltd. announced that no dividends have been paid or provided for during the half-year ended December 31, 2009 (2008: $Nil).

Black Range Minerals Ltd. Announces Farm Out Agreement With Great Western Minerals Limited
Thursday, 15 Oct 2009 04:43am EDT 

Black Range Minerals Ltd. announced that it has entered into an agreement with Great Western Minerals Limited (Great Western), whereby Great Western has the right to earn an interest in the Company’s Koonenberry Base Metal Project in New South Wales by managing and funding further exploration at the project. The agreement concerns the Company’s exploration licences EL6400 and EL6464 in NSW, covering approximately 600 square kilo meter. The agreement provides that Great Western has the right to earn a 51% interest in the tenements by an expenditure on them of AUD1,000,000 over a two year period. Thereafter, subject to the right of Black Range to elect to maintain a continuing 49% participating interest, Great Western may elect to increase its interest therein to 75% by further expenditure of AUD1,000,000 over a further two year period.

Black Range Minerals Ltd. Does Not Declare Dividend
Wednesday, 30 Sep 2009 07:29am EDT 

Black Range Minerals Ltd. announced that no dividend was paid or declared by the Company in the year since the end of the period and up to the date.

Black Range Minerals Ltd. Announces Acquisition Of Additional 4.7 Million Pounds Of U3O8
Monday, 31 Aug 2009 06:24pm EDT 

Black Range Minerals Ltd. announced that it has reached agreement to acquire a 100% interest in 51 mineral claims encompassing approximately 1,000 acres immediately adjacent to the Hansen Uranium Deposit in Colorado, USA. These claims host JORC Code compliant indicated and inferred resources in excess of 4.7 million pounds of U3O8. The consideration payable for the acquisition of these 51 mineral claims is the issue of 500,000 shares in Black Range Minerals Limited. The Company continues to pursue the acquisition of the remaining 51% interest in the Hansen Uranium Project, which the owners have formally declared is For Sale.

Black Range Minerals Ltd. To Acquire 49% Interest In Hansen Uranium Deposit In Colorado
Tuesday, 30 Jun 2009 09:25pm EDT 

Black Range Minerals Ltd. announced that it has reached agreement to acquire a 49% interest in the Hansen Uranium Deposit in Colorado, USA. The Hansen Uranium Deposit is located immediately south of, and adjacent to the Company’s 100% owned Taylor Ranch Uranium Project. The Company has secured an option to acquire a 49% interest in the Hansen Uranium Deposit by way of agreement with NZ Minerals LLC. On or before the Company reaches commercial scale production at the Hansen Deposit the Company will issue NZ Minerals LLC a further USD2 million of shares in Black Range Minerals Limited and pay NZ Minerals LLC an additional USD2 million in cash. NZ Minerals LLC shall retain a 1.47% royalty interest in production from the Hansen Deposit. 

Black Range Minerals Ltd. Announces Issue Of Share
Wednesday, 14 Jan 2009 02:47am EST 

Black Range Minerals Ltd. announced the issue of 15,000,000 fully paid ordinary shares. As consideration for the purchase of the Jonesville Coal Project in Alaska.

Black Range Minerals Ltd. Announces Acquisition of Jonesville Coal Project
Monday, 5 Jan 2009 06:06pm EST 

Black Range Minerals Ltd. announced that it has secured a 100% interest in the advanced Jonesville Coal Project in Alaska, USA. The Jonesville Coal Project is located approximately 100 kilometres northeast of Anchorage, in the state of Alaska, USA. The project comprises two leases covering 1,450 acres. The Company also has the right to reprocess tailings from the historic Evan Jones Coal Mine. It has been estimated previously that around 500,000 tonnes of clean coal could be recovered from tailings reprocessing within this area. Black Range has agreed to purchase a 100% interest in the two leases from the current lease holders for the following consideration: the issue of 15,000,000 fully paid ordinary shares in Black Range Minerals Limited, within 14 days of transfer of the leases to Black Range Minerals Limited, and the payment of USD 2 million to the current lease holders on commencement of commercial scale mining within the current leases. In addition the current lease owners shall retain a 2.0% adjusted gross value royalty on all production from the project.

Black Range Minerals Ltd. Enters Letter Of Intent With Uranium One To Jointly Develop Usa Uranium Project
Thursday, 1 Jan 2009 06:01pm EST 

Black Range Minerals Ltd. announced that it entered into a letter of intent with Uranium One Inc., to jointly pursue the development of their adjoining uranium projects in the Tallahassee Creek District of Colorado, USA. Uranium One currently holds an option to acquire a 39.2% interest in the Hansen Uranium Project. The owners of the surface rights to the Hansen Project currently hold a 51% interest in the mineral rights in the same area and declared their 51% mineral interest in the project is for sale. Pursuant to the letter of intent, Black Range and Uranium One have agreed to jointly pursue the acquisition of this 51% mineral interest. Provided such 51% interest is acquired by December 19, 2011, the two companies will consolidate their assets in the Tallahassee Creek district and establish a joint venture. It is intended that Uranium One shall initially hold a 60% participating interest in the joint venture and Black Range shall hold an initial 40% participating interest. Any consideration for the acquisition of the 51% mineral interest in the Hansen Project would be payable by the two parties in the same proportions.

Black Range Minerals Ltd. Announces Issue of Equity
Tuesday, 6 May 2008 02:26am EDT 

Black Range Minerals Ltd. announced the issue of 1,000,000 fully paid ordinary shares for a total total consideration of $130,000 as part consideration for the freehold purchase of approximately 160 acres in Weld County, Colorado, United States including 100% of surface rights and 100% of mineral rights.

Black Range Minerals Ltd. Announces Issue Of Shares
Monday, 2 Jul 2007 01:38am EDT 

Black Range Minerals Ltd. announced the issue of 500,000 fully paid ordinary shares at AUD0.045 each. Shares issued pursuant to exercise of options.

Black Range Minerals Ltd. Announces Placement Of Shares
Thursday, 21 Jun 2007 11:33pm EDT 

Black Range Minerals Ltd. announced that 372,158 fully paid ordinary shares at AUD0.045 each. Shares issued pursuant to exercise of listed options.

Black Range Minerals Ltd. Announces Placement Of Shares
Tuesday, 29 May 2007 12:07am EDT 

Black Range Minerals Ltd. announced the issue of 70,000,000 ordinary share at an issue price of $0.24 each. Purpose of the issue was placement as announced on May 16, 2007. Funds raised will be used for: funding further acquisitions, exploration and feasibility studies for Taylor Ranch Project $5,500,000; funding further acquisitions, exploration and feasibility studies for Eagle and Cyclone Rim Uranium Projects $2,050,000; funding further acquisitions, exploration and feasibility studies for Ferris Haggerty Copper Deposit $2,750,000; Airborne EM Survey Koonenberry Base Metal Project $350,000; new project acquisitions $2,500,000.

Black Range Minerals Ltd. Announces Issue Of Share
Friday, 18 May 2007 01:06am EDT 

Black Range Minerals Ltd. announced the issue of 5,780,000 ordinary share at an issue price of $0.045 each. The purpose of the issue was exercise of listed options.

Black Range Minerals Ltd. Commences Drilling At Taylor Ranch Uranium Project
Monday, 2 Apr 2007 08:24pm EDT 

Black Range Minerals Ltd. announced that it has commenced drilling at its advanced, 100%-owned, Taylor Ranch Uranium Project in Colorado, USA.

Black Range Minerals Ltd. Secures 100% Interest At Taylor Ranch Uranium Project
Thursday, 8 Mar 2007 04:40pm EST 

Black Range Minerals Ltd announced that it has secured a 100% interest in the rights to explore for and mine uranium on a further 1100 acres of land at its Taylor Ranch Uranium Project in Colorado, USA.

Black Range Minerals Ltd. Announces Acquisition Of High-Grade Taylor Ranch Uranium Project
Sunday, 26 Nov 2006 06:07pm EST 

Black Range Minerals Ltd. announced that it has finalised the acquisition of the advanced, high-grade Taylor Ranch Uranium Project in Colorado, USA. The Taylor Ranch Uranium Project lies immediately along strike from the large, high-grade Hansen Uranium Deposit, which contains approximately 30 million pounds of U3O8 at an average grade of approximately 0.08% U3O8

Black Range Minerals Ltd. Announces Commencement Of Drilling
Wednesday, 25 Oct 2006 12:42am EDT 

Black Range Minerals Ltd. announced that it has commenced its inaugural drilling programme at the Eagle Uranium Project, located in southern Wyoming, USA. On completion of the drilling programme at the Eagle Project the drill rig will be moved to the Cyclone Rim Uranium Project, located approximately 20km away, for further work. Approximately 80 holes have been drilled at the Eagle Project previously, and a further 115 holes have been drilled at the Cyclone Rim Project.

Black Range Minerals Ltd. Announces Completion Of Share Placement
Thursday, 12 Oct 2006 02:55am EDT 

Black Range Minerals Ltd. announced that the Company has received applications for 20,604,070 shares at AUD 0.048 per share, pursuant to the Share Purchase Plan announced earlier, to raise AUD 998,995. The Company has also completed the Placement of 65,000,000 shares at AUD 0.048 per share to domestic and overseas sophisticated and institutional investors, to raise approximately AUD 3.12 million.

Black Range Minerals Ltd. Announces AUD $3.12 Million Placement; Commencement Of Drilling At The Advance Eagle and Cyclone Rim Uranium Projects
Thursday, 31 Aug 2006 07:46pm EDT 

Black Range Minerals Ltd. announced that the Company has successfully arranged a placement of approximately 65 million ordinary shares at AUD $0.048 per share to raise approximately AUD $3.12 million with domestic and overseas sophisticated and institutional investors. progressing well. Funds raised through the placement and SPP will enhance the Company's ability to acquire several additional advanced uranium projects as well as an advanced, high-grade base metal deposit. The Company will commence its inaugural drilling programme at the advanced Cyclone Rim and Eagle Uranium Projects later this month. High-grade intersections of uranium mineralisation (including 1 metre at 0.18% U3O8 from 65 metres) are recorded in several wide-spaced reconnaissance drill holes within these new claims. The Company has recently completed compilation of all previous exploration data into a digital database.

Black Range Minerals Ltd. And Uranerz Energy Corporation To Form Joint Venture In Two Uranium Projects In Wyoming, USA
Sunday, 18 Jun 2006 07:54pm EDT 

Black Range Minerals announced that it has signed an agreement with Uranerz Energy Corporation of the USA to form a joint venture to explore and develop the advanced Cyclone Rim and Eagle Uranium Projects located in the Red Desert area of southwest Wyoming. Under the terms of the joint venture Black Range shall have the right to initially earn a 50% equity interest in the joint venture by managing and meeting the first US$750,000 in exploration expenditures on the Cyclone Rim and Eagle Projects, at no cost to Uranerz. During this first phase of exploration Black Range will be obliged to spend at least US$100,000 per year on exploration on the projects and to spend the first US$750,000 on exploration within three years of inception of the joint venture agreement. Once Black Range has spent US$750,000 on the projects its interest shall increase to 50%.

Black Range Minerals Ltd. to Develop Uranium Projects for Uranerz Energy Corporation
Monday, 5 Jun 2006 11:05pm EDT 

Black Range Minerals Ltd. announced that it has signed a strategic alliance with Uranerz Energy Corporation, a uranium exploration and mining company. Under the terms of the strategic alliance the Company shall be primarily responsible for managing and conducting exploration programmes on advanced uranium projects identified by the strategic alliance partners. Once sufficient uranium resources have been delineated by Black Range, Uranerz Energy shall be primarily responsible for bringing these projects into production and their subsequent operation.

Black Range Minerals Ltd. Intersects High Grade Copper Mineralisation AT Koonenberry Base Metal Project
Monday, 22 May 2006 08:57pm EDT 

Black Range Minerals Ltd. announced that it has intersected significant intervals of high-grade copper mineralisation during its second phase drilling programme at the Koonenberry Base Metal Project, located approximately 100km east of Broken Hill in western New South Wales. Analytical results from the first seven holes drilled during its current drilling programme have been received. Mineralisation was intersected in all seven holes and better results include: 11m at 2.04% Cu and 6.30 g/t Ag from 52m, 5m at 2.28% Cu and 5.28 g/t Ag from 225m, 5m at 2.02% Cu and 5.94 g/t Ag from 66m, 4m at 2.12% Cu and 3.40 g/t Ag from 130m, 4m at 1.51% Cu and 3.62 g/t Ag from 148m, 3m at 1.41% Cu and 3.53 g/t Ag from 106m All seven holes were drilled at the recently discovered Peveril Prospect, located two kilometres along strike from the Grasmere Copper Deposit.

Black Range Minerals Ltd. Commences Second Phase Drilling At The Koonenberry Base Metal Project
Thursday, 20 Apr 2006 10:15pm EDT 

Black Range Minerals Ltd. announced that it has commenced its second phase drilling programme at the Koonenberry Base Metal Project, located approximately 100km east of Broken Hill in western New South Wales. The Company has committed to complete approximately 5,000 metres of reverse circulation and diamond drilling during this programme.

Black Range Minerals Ltd. Completes Drilling At Koonenberry Base Metal Project, Nsw
Wednesday, 14 Dec 2005 09:33pm EST 

Black Range Minerals Ltd. announced that it has completed its first phase of drilling at the Koonenberry Base Metal Project, located approximately 100km east of Broken Hill in western New South Wales. The Company has drilled 38 holes for a total of 5,505 metres.

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Currently Holding 1,530,000 BLR Securities

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Stonehenge Metals Mineral Resource Upgrades Estimate for Its Daejon Uranium Project in South Korea

Published on Tuesday February 22 2011

Australian Uranium Explorer Stonehenge Metals (ASX: SHE) has upgraded the Mineral Resource Estimate and increased the exploration target for its wholly owned Daejon Uranium Project in South Korea.

The Inferred Resource is now 92 million tonnes (Mt) at 320 partes per million (ppm) uranium (eU3O8) for 65 million pounds (Mlbs) of contained eU3O8 at a lower cut-off grade of 200 ppm eU3O8.

The Mineral Resource Estimate was prepared by independent consultants Snowden.

The new exploration target is 17 to 39 million pounds U3O8 at a grade of 250 to 350 ppm.

Daejon has become the largest uranium resource in South Korea on the 87% increase in total contained uranium.

The upgraded resource is based on a combination of recent detailed mapping by KORES (Korean Resources Corporation) ground radiometrics, costean sampling data and a more comprehensive understanding of the local structure and stratigraphy gained largely from recent re-logging of historical drill core.

The resource outcrops at surface and is open along strike and at depth and there have been strong multi-element assays returned from Daejon adit channel sampling.

An initial diamond drilling program has been completed at the Gwesan Project.

Snowden has stated it is confident that an infill drill programme with industry standard sampling, assaying and QAQC procedures and protocols, together with metallurgical testwork, will result in an upgrading of the resource classification.

The company has recently received the results of selective sampling of a 350 metre long adit that was developed into the central part of the Daejon ore body.

In the near future a comprehensive sampling program will be conducted along the whole length of the adit and assayed for an expanded suite of elements. There is strong evidence to suggest that some zones of rare earth Elements (REE) may also be included in the mineralisation.

Richard Henning, Stonehenge managing director, said “the analysis of recently available data, including access to historic core samples has enabled us to put together a resource that now has considerable scale, with significant potential upside."

The Daejon project has exciting prospects, with over 4km of strike in a geologically consistent ore body which is clearly defined, along with out-cropping at surface.

The company's metallurgical testwork continues to have encouraging results and Stonehenge is looking to enter a pre-feasibility stage of this project earlier than originally anticipated.

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Investigator Resources Hits Significant Mineralisation At Peterlumbo

Published on Monday February 21 2011

Investigator Resources (ASX: IVR), previously known as Southern Uranium (ASX: SNU), is focused on exploring for Iron Oxide, Copper, Gold and Uranium ("IOCGU" or Olympic Dam style) deposits in the southern Gawler Craton of South Australia; unconformity style uranium deposits in the Northern Territory and volcanic hosted uranium deposits in north Queensland.

first assays from scout drilling at Peterlumbo identify that the project has some potential, with an intersection of; 20 metres at 84ppm (parts per million) silver, including 6 metres at 220ppm silver.

Complete assays are anticipated but are still pending for the holes 200 metres and 400 metres further along the prospective trend.

Investigator said many other widely spaced holes over the 15 square kilometre area are anomalous in silver, gold, zinc, lead, copper or uranium, and show another mineralized trend at least 5 kilometres long.

John Anderson, managing director, has welcomed these initial results, and said, “The results show we are 'first comers' to a large and genuine epithermal field.

"With exploration just commencing, Investigator Resources considers there is abundant opportunity to locate optimum structural settings for potential high-grade silver and gold deposits.”

The market has applauded the result, with Investigator shares up 21% to $0.115 in intra-day trading.

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Greenland Minerals Confirms a Substantial New Rare Earth Element-Uranium Deposit With Big Drill Intercepts

Published on Thursday February 17 2011

Greenland Minerals and Energy Limited (ASX:GGG) is pleased to report drill intercepts from the 2010 drill program that confirm the discovery of a second substantial deposit of rare earth elements (REEs), uranium, and zinc in the northern Ilimaussaq Complex, in Greenland.

The new discovery area, currently referred to as Zone 2, is located 6 km south of Kvanefjeld where the Company has defined one of the world's largest rare earth resources in a multi-element deposit that is also enriched in uranium and zinc. 

The current JORC-compliant resource inventory at Kvanefjeld contains 4.7 million tonnes of rare earth oxide, 128,000 tonnes of U3O8, and 1.0 million tonnes of zinc. 

The results reported herein are from holes drilled at Zone 2 during the 2010 field season. Of the twelve holes drilled to date, all have intersected mineralized lujavrite (host to resources at Kvanefjeld), and nine holes have each returned greater than 100m in cumulative intercepts.

Key Zone 2 intercepts include:

Hole ID S006 185m @ 1.2% TREO, 442 ppm U3O8, 0.34% Zn

S002 131m @ 1.3% TREO, 447 ppm U3O8, 0.34% Zn

S001 116m @ 1.2% TREO, 440 ppm U3O8, 0.34% Zn*

S008 64m @ 1.3% TREO, 462 ppm U3O8, 0.33% Zn

S003 42m @ 1.4% TREO, 463 ppm U3O8, 0.39% Zn

S003 46m @ 1.5% TREO, 415 ppm U3O8, 0.37% Zn

*Intercept previously reported

Significantly, drilling to date has identified an upper lens at Zone 2 that locally exceeds 160m in thickness, and is of a higher-grade tenor than resources defined at Kvanefjeld. 

It offers the opportunity to add significant tones of higher-grade material to the Company's already extensive resource base. Importantly, Zone 2 remains open to the northwest, the direction in which the lujavrite horizon undulates before outcropping again at Kvanefjeld 6 km away. Mineralization also remains open to the east but plunges to greater depth. 

The style of mineralization is the same as that at Kvanefjeld, for which the Company has established as base-case process flow sheet that is outlined in the Interim Pre-feasibility Report.

The resources of the northern Ilimaussaq complex are both extensive and unique, and offer the potential to produce both a light and heavy rare earth product, uranium and zinc concentrates, fluoride compounds and a zirconium product.

GMEL's base-case scenario evaluates an operation to produce a rare earth concentrate, and a uranium oxide product. 

Current metallurgical programs are advancing the process route to produce both a light and heavy rare earth product (including yttrium), uranium and zinc concentrates.

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Hansen Uranium Project Historian Overview

Published on Thursday February 17 2011

BLACK RANGE MINERALS LIMITED

Here's some info I've gathered over recent years regarding the 

Hansen Uranium Project

Hansen Property - Location and Access

The Hansen Property is comprised of NZ Uranium LLC's 49% interest in 2,560 acres in four sections of land: Sections 21, 22, 27 and 28 of Township 17 S, Range 73

W, 6th P. Meridan, Fremont County, Colorado.

The Hansen Property is located approximately 70 miles southwest of Denver, Colorado. Access on to the Property is by light duty roads connecting with State Highway 9 and U.S. Highway 50 about 30 miles to the southeast.

Hansen Property - Climate and Physiography

The Hansen Property is located at 8,250 feet elevation in the open, grassy mountain valley of Middle Tallahassee Creek. The southwestern two thirds of the Hansen Property lies primarily in a flat alluvial plain while the northeastern third lies on a small, flat plateau above the alluvial plain. A small portion of the Property also lies on the steep slope between these two physiographic features.

The Ore body, is located at modest depth and in sediments saturated with water of such poor chemical quality as to be unsuitable for other uses.

Hansen Property – History

The Hansen Property has a long history under Cyprus Minerals, having been named after James Hansen, a former Sr. V.P. of Mineral Exploration. In 1978 Cyprus sold a 49% interest in the property to Wyoming Mineral Corp., a wholly owned subsidiary of Westinghouse Electric Corp. Both companies planned to bring the Property into production by 1983 but when uranium prices dropped in the early 1980's Cyrpus dropped the project but retained the land. In 1996 New Mexico and Arizona Land Company, the parent company of NZ Uranium LLC, bought Cyprus' interest in the Hansen Property and 49% interest in the mineral resource was sold to NZ Uranium LLC.

Hansen Property - Geology and Mineralization

Uranium mineralization at the Hansen Property is hosted by the Eocene age Echo Park Formation. In the vicinity of the Property, these rocks consist primarily of interbedded sandstone siltstone, claystone and conglomerate of fluvial origin.

Thickness of the Echo Park Formation varies from 0 to more than 800 feet. Also present locally at the Hansen Property are all three members of the Tallahassee Creek conglomerate which can be seen deposited in scour channel within the Echo Park members.

Uranium mineralization occurs as stratiform lenses within clayey sandstones, sandy mudstones and pebble to boulder conglomerates belonging to the lower members of the Echo Park Formation.

The Hansen Property is historically described as a roll front type uranium deposit but does not display the typical crescent shape of a reduction-oxidation (redox) boundary, and hence ore zone geometry, that is sometimes observed elsewhere in these deposits. In general the mineralization is reduced but is surrounded by oxidized sediments.

Numerous historic resource estimates exist for the Hansen Property which range from a minimum of 18 million pounds to a maximum of 33 million pounds. This wide variation results from a variety of methods used to calculate the resource and differences in cutoff grades and thicknesses of mineralization.

In 1978, Guenter Moldzio, as a consultant to Cyprus Exploration Company calculated an average resource of 24.5 million pounds of in-place uranium. These resource estimates are considered to be reliable and relevant but are based on prior data and reports obtained and prepared by previous operators, none of which have been independently confirmed by us. Accordingly, the historical estimates should not be relied upon.

The Hansen Property will require considerable further evaluation which our management and consultants intend to carry out in due course.

Hansen Property - Proposed Work Program and Budget

We have not performed any work to date on the Hansen Property. Our current plans for the Property are limited to compilation of historical work as there are over 140 reports written about the Hansen Property.

Have just recently Added
(Further History of the Hansen Uranium Project)

Cyprus, Westinghouse planned mine, the Hansen property has a long history with Cyprus Mines Corp, where it was known as Cyprus Hansen.

In 1978, Cyprus sold a 49 percent interest in the property to Wyoming Mineral Corp., a wholly owned subsidiary of Westinghouse Electric Corp. Westinghouse, which at the time was a major supplier of nuclear reactors, was hungry for uranium. Westinghouse was then faced with 14 lawsuits filed by 20 utilities after it canceled uranium fuel supply contracts in September 1975.

The suits sought delivery of 69 million to 85 million pounds of uranium at contract prices over the following two decades.

Westinghouse was suing, too. It had antitrust suits going against 29 foreign and domestic uranium producers and their agents, alleging price fixing and allocation of uranium markets.

Back in 1978, Cyprus estimated reserves at the site were about 30 million pounds.

Hansen was named for James G. Hansen, Cyprus' former senior vice president for mineral exploration.

Open-pit mine planned.

Cyprus was to be operator for all exploration, development and production at Hansen. Funding for licensing, development and construction of the open-pit mine and 3,000 tpd mill was to be provided by the two firms on a pro rata basis.

When Westinghouse bought in in 1978, the firms were looking at production by 1983.

But by 1980, the price of uranium had began to flag. In the early '70s, uranium sold for around $6 per pound, a price that rose as high as $43 by mid-1979. A year later, however, it had dropped to $30, a five-year low, on its way down.

The reason was oversupply. In 1979, producers turned out 37 million pounds of uranium oxide, while utilities consumed only24.8 million pounds.

Rich Canadian competition.

At the same time, rich new deposits were being discovered in Canada and Australia with up to 30 times the grade as domestic ore, which averaged only 2.2 pounds per ton in 1979, down from 4.2 pounds in 1969.

By that time, Amoco (Standard Oil Co. of Indiana) had acquired Cyprus and the new company soon decided to abandon the Hansen project, which had a price tag of $225 million.

The decision also came soon after the Three Mile Island reactor incident, which further eroded uranium's image and demand.

Amoco and Westinghouse planned to wait until the market for uranium became more stable -- a situation that wasn't to occur.

Canary Events Black Range Minerals Presentation By Managing Director Mike Haynes Speaking Specifically On The  Taylor/Hansen Uranium Deposit 

July 2009

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