Pistol Bay Mining Inc. (TSXV:PST), a junior Canadian mining exploration company, reported that it has been informed by Rio Tinto Canada Uranium Corporation that it has already mobilized a team to initiate drilling at its C-5 property in Saskatchewan.
As quoted in the press release:
As reported on January 9, 2012, RTCUC has proposed an 1800 meter diamond drill program and ground gravity survey for the C-5 property. Subject to weather conditions, RTCUC expects to initiate drilling by month end.
Get Our Expert Guide to Uranium Investing FREE!Download this FREE Special Report, Uranium Future Outlook: Uranium Price Forecasts and Top Uranium Stocks to Watch