Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Solitaire Minerals Corp. (TSX VENTURE:SLT) reports that Terra Ventures Inc. (TSX VENTURE:TAS) has commenced a diamond drilling programs on the Wheeler River uranium properties, adjoining the Denison Mines property and the Phoenix Zone, in the Athabasca Basin of Saskatchewan.
Terra has the option to earn up to a 95% interest in three dispositions, from Solitaire, known as C-4, C-5 and C-6, with an aggregate area of 4,011 acres (1,624 hectares) adjoining the northwest side of the Wheeler River property of Denison Mines Corp. (TSX:DML) (60 percent), Cameco Corp. (TSX:CCO) (30 percent) and JCU (Canada) Exploration Co. (10 percent). Denison has announced an indicated mineral resource for its Phoenix Zone of 35.6 million pounds of U3O8, with a grade of 18.0% U3O8. The Phoenix B Zone has an additional inferred resource of 3.8 million pounds grading 7.3% U3O8. Denisons’ summer drill program begins in early June and will involve the drilling of approximately 55 holes for 24,000 metres.
The highlights of the properties are:
