Tuesday, December 14, 2010

Greenland Mnerals & Energy Attains Approval To Evaluate Uranium At Kvanefjeld

Published on Tuesday December 14 2010
In a major step forward the government of Greenland has granted Greenland Minerals approval to fully evaluate its Kvanefjeld multi element project, inclusive of uranium which has long been an issue to overcome.

The project is a major rare earth and uranium deposit, however government policy on uranium mining has long been a roadblock towards development. Management has been steadily progressing this to take the project forwards.
The permit has been issued in accordance with the recent amendment to the standard terms for exploration licenses in Greenland that creates a framework for the evaluation of mineral deposits that includes Uranium, amongst other economic elements. Kvanefjeld is an unusual mineral deposit located near the southern tip of Greenland that is enriched in rare earth elements (REEs),  Uranium and zinc, and
is widely known to contain one of the world’s largest resources of REEs.

GMEL is the first company in Greenland to receive permitting for the evaluation of a project that includes Uranium. The permit has been issued following a hearing process in Greenland that involved the National Environmental Research Institute, the Ministry for Health, the Ministry of Domestic Affairs, Nature and Environment (NNPAN) as well as the South Greenland municipality. The permit is supplementary to the exploration license that covers Kvanefjeld and the broader northern Ilimaussaq complex (license 2010/02).

Critical components of a definitive, or bankable, feasibility study are the Environmental and Social Impact Assessments, which are to follow the guidelines established by Greenland’s Bureau of Minerals and Petroleum (BMP). At the completion of the definitive feasibility study, including the environmental
and social impact assessments the Company will lodge an application for an exploitation license with the BMP.

A definitive feasibility study is to be completed including environmental and social impact assessments that will lead to the company lodging and application for an exploitation license. A pre-feasibility study is to be completed next year before moving to DFS in the latter half of the year. 


Today's ASX Announcement
Approval To Evaluate Uranium At Kvanefjeld



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Monday, December 13, 2010

Deep Yellow Identifies Significant Uranium Mineralisation In Basement Rocks Beneath The Tubas-Tumas Palaeochan

Published on Monday December 13 2010
Deep Yellow Limited (ASX:DYL) is pleased to announce that follow-up infill drilling at Tumas Zone 3 of the Tubas-Tumas palaeochannel in Namibia, by DYL's wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN), has identified high-grade uranium mineralisation in the basement rocks beneath the palaeochannel; mineralised Red Sand adjacent to the channel similar to the Tubas Red Sand (TRS) deposit material, as well as additional high-grade mineralisation within the palaeochannel.


Basement Hosted Mineralisation

In November 2010 RUN conducted follow-up infill drilling near Tumas Zone 3 of the Tubas-Tumas palaeochannel to investigate reverse circulation (RC) drilling results indicating the potential for basement mineralisation below a relatively high-grade section of the palaeochannel on RUN's EPL 3496.

The investigation confirmed that drillhole ORXR1 intercepted high-grade secondary uranium mineralisation hosted in granitic basement below the palaeochannel with a mineralised intercept of 

47 metres at 830 ppm cU3O8 from 29 metres.

Three scissor holes drilled on the ORXR1 section suggests the mineralisation in ORXR1 may be limited in extent in the immediate area, but provides evidence for and may provide a model for new basement hosted targets.

A 60 degree angle hole ORXR3 also returned basement intercepts of 

- 4 metres at 405 ppm cU3O8 from 30 metres

- 5 metres at 412 ppm cU3O8 from 43 metres

- 5 metres at 420 ppm cU3O8 from 53 metres

Mineralisation is carnotite in both holes.

The basement mineralisation appears to be associated with the contact zone between granite and gneiss (metasedimentary rocks). Microscopic studies show that the granite is a pegmatiticleucogranite phase (alaskite). Mineralisation is secondary carnotite. Diamond drilling will be carried out in 2011 to determine the potential of this contact zone.


Red Sand Mineralisation

Reverse Circulation infill drilling around ORXR1 also identified aeolian Red Sand hosted mineralisation with drill hole ORXR37 intercepting 8 metres at 516 ppm cU3O8 from 5 metres.

Mineralised aeolian red sand from ORXR37 has very similar characteristics to the Tubas Red Sand (TRS) deposit which is part of the Omahola Project located 20 kilometres to the west. The TRS deposit contains 13.9 million tonnes at 160 ppm U3O8 for 2,217 tonnes (4.9 million pounds) contained U3O8. This new discovery, on the flank of the palaeochannel, is consistent with mineralisation at the TRS deposit and further confirms the possible extent of this unique style of uranium mineralisation over 10's of kilometre of the main Tubas-Tumas palaeochannel system.

The red sand sample from 9 to 10 metres depth in ORXR37 assayed 249 ppm U3O8 and the TRS sample from 4 to 6 metres depth assayed 327 ppm U3O8.


Palaeochannel Mineralisation

Infill drilling on a 50 metre grid to the original reconnaissance drilling has outlined further highgrade palaeochannel mineralisation with an intercepts of 

- 8 metres at 614 ppm cU3O8 from 7 metres

- 11 metres at 1,097 ppm cU3O8 from 5 metres

- 7 metres at 782 ppm cU3O8 from 3 metres

The earlier reconnaissance holes are unlabelled. Significant mineralised intercepts are given in Table 1 (see link at the bottom of the release). The palaeochannel mineralisation remains open upstream (east).

Only 49 holes were completed in this restricted campaign and the various modes of mineralisation (palaeochannel, aeolian and primary) remain open in most directions and will be subjected to further evaluation by drilling in 2011.

Tumas Zone 3 Exploration Target Range

The Tumas Zone 3 reconnaissance drill data was evaluated by Hellman & Schofield (H&S) as part of the upgraded Tumas JORC Resource estimate (ASX 28 October 2010). Due to the broadly and irregularly spaced lines of drillholes at the time, the calcrete-hosted mineralisation in Zone 3 was determined to be too poorly defined for inclusion in resource estimates. However when combined with geophysical survey results, the drill results provide an indication of the orientation and extent of the mineralised zone. Consequently a conceptual exploration target range was estimated at 10 to 30 million tonnes at a grade of 300 to 400 ppm U3O8 at 200 ppm cut-off. H&S stated that it is uncertain if future exploration will result in the determination of a Mineral Resource.


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Sunday, December 12, 2010

Uranium Price Keeps Climbing

Published on Sunday December 11 2010
Trade Date: Friday Dec 11 2010

UxC U3O8 Spot US $61.00
UxC U3O8 Mid Term US $62.00
UxC U3O8 Long Term US $65.00

Spurred by China, the spot price of uranium has surged nearly 50 percent higher since June.

Sydney, Australia-based Resource Capital Research reports the spot price of uranium at $60 a pound, up from $40.75 in June.

“The recent surge has been driven by Chinese buying, the price impact of which has been exacerbated reportedly by the return of financial investors and hedge funds to the uranium market,” the firm said.

There also has been increased confidence in the outlook for building Chinese reactors, in light of recent memorandums of understanding and long-term sales agreements announced by the Chinese with several uranium suppliers.

In addition, there are “indications of market discipline containing production growth in Kazakhstan,” according to Resource Capital Research.

The spot price is expected to consolidate at around the $60 level, and potentially increase in the first quarter 2011.

“Utility purchases remain discretionary, though timing of demand from long-term Chinese inventory build continues to be a factor and will continue to influence short-term market trends, as will Japanese and Indian utility purchases, which are expected to increase,” according to the analysis.

The long-term contract price is $65 a pound, up from $60 three months ago.

There are 441 nuclear power reactors in operation and 58 under construction.

There were 479 new nuclear reactors planned or proposed globally as of November 2010.

China had the most at 159, followed by India with 60, Russia at 44 and the United States at 31.


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Wednesday, December 8, 2010

Uranex Discovers New High Grade Uranium Prospect At Its Mkuju Project

Published on Wednesday December 08 2010

Australian based uranium exploration and development company Uranex NL (ASX: UNX) is pleased to announce a high grade primary uranium discovery at the Likuyu North Prospect, part of its 100% owned Mkuju Project, in southern Tanzania.

Core samples from identified uranium bearing zones in five diamond holes have been cut, pulverised and analysed with a Niton portable XRF analyser, with a peak intersection of 10m @ 1,038 ppm encountered in MKDD0009 at a depth of 75m.

Significant Niton results returned from the program to date. Samples from the five holes analysed to date containing significant uranium are being prepared for dispatch to the SGS laboratories in South Africa for formal assaying by pressed pellet XRF.

The Mkuju Uranium project adjoins Mantra Resources' Mkuju River Project, where a Mineral Resource of 101.4 million pounds @ 422ppm has been defined at the Nyota prospect, located 30km NE of the current drilling program at Likuyu North.

The intersection in MKDD0009 is significant for the Company as it is the first primary mineralisation drilled with a thickness of at least 10m @ >1,000ppm. Whilst similar secondary mineral assemblages to the nearby Mkuju River (Nyota) Project (Mantra Resources) had been identified earlier in the program, the presence of primary uranium mineralization, identified on-site to be uraninite, this discovery is an exciting development for the Company. It is noted that uraninite
is part of the mineral assemblage at the nearby Kayelekera Mine in Malawi (Paladin). Formal identification of this primary uranium mineral will be conducted at SGS laboratories in South Africa.

The current drilling program will be concluded in the next 2-3 weeks, with another 3 or 4 diamond holes to be completed during this time. The remaining holes will attempt to extend the primary uranium mineralization intersected in MKDD0009. Formal laboratory assays and identification of the mineral assemblages are expected early in the New Year.

An airborne geophysics program is planned for early 2011 to assist in planning for the 2011 field season, scheduled to commence in February. 

Project Overview 
 Mkuju and Songea  (Uranex 100%) 



The Mkuju and Songea projects are located in the south-west of Tanzania close to the country boarders of Mozambique and Malawi. The project areas comprise 8 granted/offered tenements and 3 applications covering a total area of about 8,000km2.
The areas incorporate exposure of the uranium prospective of the Karoo basin sediments. Most of the known uranium mineralisation in southern Africa are hosted by similar Karoo sandstones.
Uranium mineralisation was first evidenced in this geological region as a result of exploration during the period 1978-1982. Assessment of airborne radiometric anomalies during the period led to the discovery of two uranium deposits at Mkuju and Mdaba. These deposits were not quantified but record uranium values up to 6.16kg/t U3O8. These deposits are now largely contained within the world heritage listed Selous Game Reserve. The Kayelekera uranium deposit occurs in similar rocks 300km to the south-west in Malawi. These deposits though not in Uranex’s tenements provide the target exploration model for similar prospective Karoo sediments within Uranex’s extensive land holding.
Auger drill sampling that occurred at Mkuju in late 2006 revealed near surface results of 1.4m at 1,824ppm U3O8, 0.5m at 5,338ppm U3O8 and 0.25m at 9,803ppm U3O8. These results demonstrate the potential for sandstone hosted mineralisation within the company’s tenements and a robust exploration program is now proceeding.

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Friday, December 3, 2010

Black Range Minerals Jonesville Coal Project, Alaska, USA

Published on Friday December 03 2010
On the Coal Front!

Here's a full summary of BLR's 
Jonesville Coal Project, Alaska, USA

In 2008 the rights to the mine, as well as two adjacent leases comprising 1,450 acres, were purchased by the Australian-based Black Range Minerals through a subsidiary called Ranger Alaska. This company holds a variety of permits related to exploration, testing, and the reprocessing of mine tailings from the Evans Coal Mine.

The Jonesville Coal Mine is considered to be a “low risk project…in close proximity to thermal dependent countries including South Korea, Japan, Taiwan and China” according to Black Range Minerals January 2009 press release.

The project comprises two leases covering 1,450 acres with coal measures found from surface through to around 800 meters depth. Twelve coal seams of thickness greater than one meter have been located at the Jonesville Coal Project mostly consisting of Highly Volatile Bituminous rank Coal.

Of these, seams #3 and #5 both reach a maximum thickness of 7Mtr's, with seam #5 averaging 6 Mtr's thickness & seam #3 averaging 4Mtr's thickness.

The thickness of the seven other Coal seams averages greater than 1.5Mtr's, with seams #7b & #6 and the lower Shaw bed locallt exibiting thicknesses of 6Mtr's, and 3Mtr's respectively.


Within the Jonesville Project the coal units are laterally extensive within a doubly plunging syncline. They are interbedded by Sandstone,Siltstone,Claystone and Carbonaceous Shales

BITUMINOUS
Bituminous coal is high-rank coal. It has high heat and low moisture contents and is harder than lower ranked coals. Bituminous coals are used in electricity generation and steel making processes, as well as, for industrial and municipal steam production applications. Bituminous coals are mined primarily in Appalachia, the Midwest and the West.

•Mined at Wishbone Hill - Sutton, Alaska
•Old coal - 50 million to 300 million years
•Very little moisture
•Low volatile matter - less than 10%
•High heat value
•Generation of steam to produce electricity
•Steel industry
Black Range Minerals speculates an inferred resource base of 130.7 million tons of coal (primarily south of the existing mine). Minor exploration occurred around the old mine site between 1990 and 1997, and in 2004, with no further mining undertaken. What came out of those years was the discovery of high quality coal resources south of the old mine site.

Black Range Minerals highlighted the access to great infrastructure: the Glenn Highway is only a little over a mile away, and the railroads are only 12.5 miles away with easy access to the port of Seward approximately 186 miles to the South, and Port Mackenzie 62 miles to the southwest and from there to the global market.

Black Range Minerals sees this as an “Opportunistic, very low cost acquisition” in which the current lease owners will get 2 percent royalty and the state of Alaska will receive 5 percent royalty on all production from the project.


Here's a brief description of what BLR's Jonesville Coal Project contains relative to Coal types.

BLR's Jonesville Project, contains Bituminous at around 12,000/12,500 BTUs-per-pound


Types of Coal

We use the term "coal" to describe a variety of fossilized plant materials, but no two coals are exactly alike. Heating value, ash melting temperature, sulfur and other impurities, mechanical strength, and many other chemical and physical properties must be considered when matching specific coals to a particular application.

Coal is classified into four general categories, or "ranks." They range from lignite through sub-bituminous and bituminous to anthracite, reflecting the progressive response of individual deposits of coal to increasing heat and pressure. The carbon content of coal supplies most of its heating value, but other factors also influence the amount of energy it contains per unit of weight. (The amount of energy in coal is expressed in British thermal units per pound. A BTU is the amount of heat required to raise the temperature of one pound of water one degree Fahrenheit.)

About 90 percent of the coal in this country falls in the bituminous and sub-bituminous categories, which rank below anthracite and, for the most part, contain less energy per unit of weight. Bituminous coal predominates in the Eastern and Mid-continent coal fields, while sub-bituminous coal is generally found in the Western states and Alaska.

Lignite ranks the lowest and is the youngest of the coals. Most lignite is mined in Texas, but large deposits also are found in Montana, North Dakota, and some Gulf Coast states.


Anthracite

Anthracite is coal with the highest carbon content, between 86 and 98 percent, and a heat value of nearly 15,000 BTUs-per-pound. Most frequently associated with home heating, anthracite is a very small segment of the U.S. coal market. There are 7.3 billion tons of anthracite reserves in the United States, found mostly in 11 northeastern counties in Pennsylvania.

Bituminous

The most plentiful form of coal in the United States, bituminous coal is used primarily to generate electricity and make coke for the steel industry. The fastest growing market for coal, though still a small one, is supplying heat for industrial processes. Bituminous coal has a carbon content ranging from 45 to 86 percent carbon and a heat value of 10,500 to 15,500 BTUs-per-pound.


Sub-bituminous

Ranking below bituminous is sub-bituminous coal with 35-45 percent carbon content and a heat value between 8,300 and 13,000 BTUs-per-pound. Reserves are located mainly in a half-dozen Western states and Alaska. Although its heat value is lower, this coal generally has a lower sulfur content than other types, which makes it attractive for use because it is cleaner burning.
Lignite

Lignite is a geologically young coal which has the lowest carbon content, 25-35 percent, and a heat value ranging between 4,000 and 8,300 BTUs-per-pound. Sometimes called brown coal, it is mainly used for electric power generation.



For those Holders unaware of the proceedings currently in play "Read On" as we should be close to attaining an outcome.
___________________________________

Public Notice: Extension of comment period Jonesville Coal Mining Permit

by Sue Deyoe ~ October 11th, 2010


At the request of the local community, the Department of Natural Resources has extended the public comment period for the renewal of the Jonesville Coal Mining Permit Renewal.

The deadline to submit written comment closes at 5:00PM on Tuesday, October 19, 2010.

An application for the renewal of the Jonesville Coal Mine Permit (U-0201) has been filed with the State of Alaska, Department of Natural Resources, Division of Mining, Land and Water (DMLW), on December 9, 2009, from Ranger Alaska, LLC, 110 N. Rubey Dr. Suite 201, Golden Colorado, 80403.
The Jonesville Coal Mine is located in the Matanuska Valley approximately 11 miles northeast of Palmer, Alaska.

The mining area is approximately 2 miles northwest of Sutton, Alaska near the southeast portion of Wishbone Hill. The mining area can be found on the USGS Anchorage C6 quad map. The mining permit area is in Township 19N Range 3E Sections 9, 16, 17, 19, 20, and 21, Seward Meridian.

This request is to renew the existing permit for an additional five-year term. There are no changes or modifications to the operation and reclamation plans which have been proposed which would significantly alter the previously approved permit. The originally approved permit met the requirements of AS 27.21 and 11 AAC 90 subject to the stipulations of the original permits.

The permit renewal procedure is part of the Alaska Surface Coal Mining Program (AS 27.21 and 11 AAC 90). Copies of the original permit, transfer and renewal application and the preliminary findings document are available for review at the Alaska Department of Natural Resources, Division of Mining, Land and Water, 550 W. 7th Ave., Suite 920, Anchorage, AK 99501-3577. Inquiries should be sent to: Chuck White, at the Anchorage address listed above, by fax to (907) 269-8930, or by e-mail to chuck [dot] white [at] alaska [dot] gov.

Any person who is or may be adversely affected by the renewal of this permit may file written comments or objections and may include with an objection a request for an informal conference (AS 27.21.140). Comments may be filed by mail, fax, or e-mail at the address above, but must be received by the Department by 5:00 pm, October 19, 2010.

Outcome Pending




Russel Kirkham from Alaska's Dept. of Natural Resources points out where a new underground mine would enter the mountain if it were built. This proposed mine would require several new permits to happen.


Russel Kirkham from Alaska's Dept. of Natural Resources presents information on a permit renewal at Jonesville coal mine.


Photo taken during DNR's presentation at Jonesville mine.






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Wednesday, December 1, 2010

Uranium On The Move

Published on Wednesday December 01 2010
Spot uranium is now sitting at $US61 a pound, a dramatic improvement since June when it only just found support level at a whisker over $US40/lb.

URANIUM prices continue to surge on the back of a looming new wave of investment by China in nuclear power.

So the news today that some Labor federal politicians now want the party to have a serious debate on the subject of nuclear power in Australia - which, unlike wind or solar power, provides base load, reliable electricity at an economic cost - comes just as it is starting to dawn on investors that uranium demand is about to take a big leap.

The latest report from the commodities team at Canada’s Scotiabank notes that China’s 12th five-year plan will call for the doubling of nuclear energy’s role in the country. The report says it is clear that a renaissance in nuclear energy is genuinely under way. China’s National Development and Reform Commission’s Energy Research Institute estimates that the number of nuclear reactors will grow from today’s 13 to the equivalent of more than 80 by 2020. The details of the new five-year (2011-2015) will be released in the first months of next year.

Also boosting spot uranium prices was news of large, long-term supply agreements: one, France’s Areva will supply 52 million pounds at $US67/lb to China Guangdong Nuclear Power Corp; two, Canada’s Cameco will sell that Chinese company 25m pounds (along with 23m pounds to China National Nuclear Association; and, three, the state-owned nuclear power company in Kazakhstan will also supply China Guangdong with 63m pounds by 2020. As Scotiabank notes, these contracts will tie up considerable quantities of uranium.

World production totals 140m pounds a year.


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Australia Looking To Debate Move To Nuclear Power

Published on Wednesday December 01 2010
     
* Labor looking to debate move to nuclear power
   * MPs support energy source, despite Labor ban
* Study finds nuclear energy cheaper than coal

FEDERAL Labor MPs are calling for Australia to embrace nuclear power, leaving Julia Gillard facing another damaging split in her Government.

Ms Gillard is under pressure to put the divisive issue on next year's ALP national conference agenda - with MPs claiming voters care more about power bills than gay marriage.

Federal Resources Minister Martin Ferguson last night said those advocating nuclear power had as much right to have the issue debated at the showcase event as those backing changes to gay marriage laws.

Defying Labor's official ban on nuclear power, a number of MPs have gone public in their support for the low-carbon energy source.

"My view is that all forms of energy supply should be under active consideration," former frontbencher Mark Bishop said.

Senator Bishop said the "Government should give more active consideration to putting nuclear into the equation of all forms of energy supply, particularly those that are subsidized".

NSW Senator Steve Hutchins also wants nuclear power debated after Ms Gillard this week argued that a price on carbon would be a high priority for her Government.

"In my opinion it should be part of the [energy] debate if we want to have a clean future," he said.

"I cannot see us returning to living in the cave and burning fallen timber to keep us warm."

Privately a number of ministers support nuclear power being considered along with coal, solar and other energy sources as part of Australia's future energy mix.

The nuclear push will receive a boost today when Mr Ferguson releases a report by the Australian Academy of Technological Sciences and Engineering.

The study finds nuclear power will be cheaper than traditional coal-fired power stations and renewables such as solar - once Australia introduces a carbon tax.

Labor MP Chris Hayes said Australia would soon become the biggest exporter of uranium as he called for nuclear to be included in the energy debate. "Why would we simply reject it out of hand?" Mr Hayes said.

Senator Michael Forshaw said key regional players were rapidly embracing nuclear power. "I am not one who says we should never, ever contemplate the possibility of nuclear. It should be part of a broad debate about cleaner energy," he said.

Senator Hutchins wants the issue on the agenda for the ALP national conference.

"It is more important for the country's future than gay marriage and it affects a lot more people," he said.

Mr Ferguson said he believed those advocating change should have the chance to state their case at Labor's showcase event.

"They have as much right to discuss nuclear at the 2011 conference as other people have to debate the issue of gay and lesbian marriage," he said.

Greenpeace Australia Pacific lashed out at the ALP over the issue last night.

Spokesman Stephen Campbell said nuclear power and its waste were a threat to people and the environment and "not a solution to climate change".

"It's also too expensive and too unsafe. If the ALP went down that road, they would be costing the taxpayers billions of dollars to establish the technology, while renewable energy is safer, cheaper and much easier to build," he said.




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