Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Fission 3.0 Corp., based in Kelowna, B.C., has had excellent uranium and gold results from prospecting at Beaver River property on the north-central rim of the Athabasca Basin. The highest grades came from the newly named Trigger zone in the northeast part of the property.
Samples from the Trigger zone ground prospecting program tested 13.9% uranium oxide and 2.27 g/t gold and 5.93% U3O8 and 1.55 g/t gold. The historic VIC showing in the southwest part of the property returned gold values up to 14.0 g/t, 1.1% U3O8, and up to 0.97% copper. The work program also turned up high grade uranium, gold, copper and nickel both in new discoveries and at historic showing sites.
Fission completed staking about 4,858 hectares at Beaver River to secure the on-trend potential strike of the Trigger zone.
Elsewhere, the company completed a 1,096-line km airborne vertical time domain survey at the Wales Lake property about 30 km southwest of Fission Uranium Corp.’s Triple R deposit. The ground gravity survey conducted at the North Shore property identified two new gravity lows coincident with historic uranium showings. The North Shore property lies along the northwest rim of the Athabasca Basin in Alberta.
(This article first appeared in the Canadian Mining Journal)
