Orano warns of financial problems at Niger uranium plant
The West African nation increasingly seeks new partners, such as Russia, in its mining sector.
Vancouver-based Arctic Star Exploration has begun exploration at its 100% owned Timantti project in the northern part of Canada near the township of Kuusamo. The company has already located three diamondiferous bodies – White, Black and Grey Wolf – and three kimberlite dykes.
Arctic Star says there is “considerable evidence” that there are additional kimberlites on its property. Indicator minerals have been found in till samples and 30 magnetic anomalies have been identified within a 3-km radius of the Wolf kimberlites.
This year’s work program will consist of ground magnetic surveys over priority targets followed by trenching. Arctic Star used the same strategy successfully last year. Any kimberlite found in the trenches will be sent for caustic fusion to determine its micro-diamond content. Follow-up drilling will probably be done later in the year.
(This article first appeared in the Canadian Mining Journal)
