Pistol Bay Mining Inc. (TSXV:PST) announced that Rio Tinto Canada Uranium Corporation has already completed its winter drilling program and gravity survey which covered 2,760m on Pistol Bay’s property in the Athabasca Basin.
As quoted in the press release:
There were also some encouraging signs exhibited in hole 13CBK004. The hole was being drilled on an ice set-up on a lake, however due to safety concerns the hole was abandoned at 354m in the sandstones. While this hole did not intersect the unconformity it did cross some favourable structure and minor alteration in the sandstones that is encouraging.
Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.Connect here and don't miss their next catalyst!Learn More