sumisu
16 years ago
Nuclear question returns as nation weighs energy alternatives
By RICK MONTGOMERY
Posted on Sat, Apr. 19, 2008 10:15
The Kansas City Star
http://www.kansascity.com/news/politics/story/583502.html
Save the polar bear? Go nuclear.
That is one way to beat climate change, or so says the Nuclear Energy Institute. When the industry group posted on its Web site poll results reflecting shifting opinions about nuclear power, it tossed in a picture of a polar bear traipsing across the tundra.
But industry opponents see a more threatening beast in their midst, like a hungry grizzly emerging from the woods after decades of hibernation.
The nuclear question is back. And this time the environmental front is divided — a victim of its own success in sounding alarms about global warming.
Even in Pennsylvania, home to the Three Mile Island fright of 1979, the Democrats competing in Tuesday’s presidential primary have signaled a willingness to consider nuclear power as an alternative to carbon-coughing electric plants fueled by coal.
Few voters have even pressed them on it.
“A whole generation has grown up here knowing nothing about Three Mile Island,” said Judith Johnsrud, an adviser to the Pennsylvania Sierra Club. The plant’s partial meltdown put proposals for new U.S. nuclear reactors on ice for a quarter-century.
Sen. Hillary Clinton of New York, who calls herself “agnostic,” or uncommitted, on the issue, blends urgent warnings about shipping and storing radioactive waste with pledges to put the nuclear option on the table.
“We do have to look at it because it doesn’t put greenhouse gases into the air,” she has said.
Similar remarks come from Sen. Barack Obama of Illinois, which has the most nuclear reactors of any state. Both candidates have received donations from nuclear companies’ employees.
The office of Gov. Kathleen Sebelius, also a Democrat, recently outlined her views on national energy policy in the wake of rejecting a coal-fired plant’s expansion in western Kansas:
She “recognizes that diversifying our energy portfolio is important … and all options should be considered, including nuclear power.”
President Bush on Wednesday announced a goal of stopping the growth of U.S. greenhouse-gas emissions by 2025. The presumptive Republican presidential nominee, Sen. John McCain of Arizona, has proposed billions of dollars worth of tax breaks and federally-backed loans for nuclear development.
Mood has changed
The nuclear industry, which produces most of France’s electricity, faces many unresolved obstacles to its growth in the United States.
Wary insurers and enormous construction costs — roughly $8 billion per reactor — demand federal aid and loan guarantees.
Plans to store waste at Nevada’s Yucca Mountain Repository remain in legal and political limbo. The Energy Department was slated to begin accepting spent fuel there a decade ago.
Still, eight power companies have applied for federal licenses for new reactors. About two dozen sites have been pitched for new nuclear facilities. Currently, 104 reactors provide about 20 percent of the nation’s electricity.
“What’s held us up in the past,” said Derrick Freeman, who directs legislative efforts for the Nuclear Energy Institute, “is that America took on a sour mood about nuclear power after Three Mile Island and the Chernobyl disaster” in the Soviet Union in 1986. The Chernobyl blast directly caused at least 50 deaths, and some areas around the plant remain off-limits.
“That (mood) has changed,” Freeman said.
A few years ago the group Environmental Defense reconsidered its opposition to nuclear energy and now considers it a “low-carbon option.”
sumisu
16 years ago
Santoy Announces Results of Phase 2 Drilling on the Anomaly 7 Property, Central Mineral Belt, Labrador
Tuesday February 26, 12:17 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to announce that all assays from the Phase 2 diamond drilling on the company's 100% owned Anomaly 7 property within the Central Mineral Belt (CMB), Labrador have been received.
The drilling targeted the Fish Hawk Lake South and North zones, which were discovered by Santoy in 2006, and drill tested in a Phase 1 program in March and April, 2007 (see news release of June 5, 2007). In the Phase 2 drilling, a total of 10 holes for 1,655 meters were completed. Eight holes were drilled on the Fish Hawk Lake South Zone to both extend the mineralization to the east and to test known mineralization to a minimum vertical depth of 100 meters. Two holes were drilled on the Fish Hawk Lake North Zone. Significant drill intercepts are tabulated below.
[CONTINUED IN FOLLOWING LINK]
http://biz.yahoo.com/ccn/080226/200802260444621001.html?.v=1
sumisu
16 years ago
Santoy Oversubscribes Private Placement Financing
Monday December 17, 5:19 pm ET
http://biz.yahoo.com/ccn/071217/200712170432444001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to announce that due to strong demand, the Company has agreed to an oversubscription of the proposed non-brokered private placement announced November 30th, 2007. Subject to regulatory approval, a total of 8,522,069 flow-through shares will be issued at a price of $0.65 per share for gross proceeds of $ 5,539,345.
A cash seven percent finders' fee will be paid to accredited agents on that portion of the funds raised by third parties. The shares issued under this financing are subject to a hold period of 4 months and one day from the closing date of the offering.
Certain directors and officers have subscribed for $141,000 in the private placement, on the terms set forth above, and such participation has been approved by the independent directors of the Company. The Company is relying on an exemption from the related party requirements of OSC Rule 61-501. The MineralFields Group has subscribed for $1 million and MTAX 2007 (No.2) Mineral LP has subscribed for $1,714,500.
The funds from this financing will be allocated to advancement of our uranium exploration properties in the Central Mineral Belt in Labrador, to our joint venture lands in the Otish Mountains of Quebec, and to projects in Saskatchewan.
About Santoy Resources
Santoy Resources Ltd. is a mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in the Athabasca Basin of Saskatchewan, in Wollaston Domain rocks in northern Manitoba, on the advanced Blizzard uranium deposit in south-central British Columbia, in the Otish Mountains of Quebec, and in the Central Mineral Belt of Labrador. A description of our properties, including maps and photographs, can be viewed on the Company's website at www.santoy.ca.
On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Ron Netolitzky
Santoy Resources Ltd.
President
(604) 669-4799
Tony Perri
Santoy Resources Ltd.
Investor Relations, Manager
(604) 669-4799
(604) 669-2543 (FAX)
Website: www.santoy.ca
--------------------------------------------------------------------------------
Source: Santoy Resources Ltd.
sumisu
17 years ago
Santoy Reports New Uranium Discoveries from Prospecting in the CMB, Labrador
Thursday November 1, 10:13 am ET
http://biz.yahoo.com/ccn/071101/200711010422725001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to provide an update on the 2007 exploration program on its 100% owned Anomaly 7 property in the Central Mineral Belt (CMB) of Labrador. Field work was completed in October and most of the analytical results have now been received. Ground follow-up this year focused on further prospecting of anomalies defined by the 2005 airborne magnetic- radiometric survey. Prospecting was supplemented by geological mapping, soil geochemistry over selected areas, radon-in-soil and in-water surveys, lake bottom sediment sampling and water geochemistry. This work has resulted in the discovery of several new uranium bearing zones, and has also aided in better delineation of previous targets, such as the Fish Hawk Lake North Zone.
Fish Hawk Lake North Zone
The Fish Hawk Lake North Zone, discovered in 2006, is associated with fractured and locally pyritic basement intrusive rocks, with locally derived talus yielding as high as 5.086% U3O8 (news releases dated October 13 and November 23, 2006). However, two holes drilled on this zone failed to intersect any significant mineralization.
Detailed follow-up this year indicates that the mineralization, which appears to be unconformity related, straddles the contact between an interpreted fault bounded wedge of Moran Lake Group sediments and Archean basement intrusives. At the contact, silicified siltstone and a porphyritic intermediate intrusive exhibit elevated radiometric responses and contain up to 2 to 4% chalcopyrite and 2 to 5% pyrite. This zone was exposed by trenching over a length of 25 metres. The northernmost 15 metres yielded elevated radiometric responses and was channel sampled at 1 metre intervals yielding the following results:
0.042% U3O8 and 0.493% Cu over 14 metres,
including 0.051% U3O8 and 0.650% Cu over 9 metres,
and including 0.062% U3O8 and approx. 1% Cu over 3 metres
Numerous additional outcrops of fractured and hematized radioactive basement rocks were also discovered west of the Fish Hawk Lake North Zone. This mineralization, traced over 300 metres, typically occurs along fractures in granodiorite, and, to a lesser extent, within pegmatites. Twelve grab samples were collected and assays vary from 0.01% to 3.09% U3O8. Nine samples yielded greater than 0.1% and 3 samples returned greater than 0.7% U3O8.
Anomaly 17
The Anomaly 17 occurrence was discovered by Canico in the late 1970's and briefly investigated by Santoy in 2005. The zone is host to narrow, relatively widely-spaced fracture controlled uranium mineralization in basement intrusive rocks. Detailed prospecting has extended the mineralization well beyond that indicated by Canico. Mineralization hosted by granite to alkali granite has now been traced over approximately 500 metres by 200 metres. The primary depositional control appears to be roughly north-south striking and steeply dipping fractures. In several locations, secondary uranium stain is common. Six grab samples were collected with assays varying from to 0.07% to 1.26% U3O8, with 3 samples yielding greater than 0.5% U3O8.
Brook Showing
The Brook Showing, named for an area of elevated radioactivity in a small brook in the northwest area of the property, now encompasses a northeast-southwest trending area roughly 3 km by 1 km, with numerous uranium occurrences in a complex granodiorite/pegmatite basement setting. This area also encompasses some of the highest uranium values in lake sediments on the property (up to 360 ppm uranium).
Uranium mineralization occurs along sporadic, narrow hematized fractures in granodiorite, and as hematitic or otherwise unaltered spot highs in pegmatite. Nineteen outcrop grab samples assayed from trace to 4.86% U3O8 (with the latter also assaying greater than 10,000 ppm lead) with 6 samples grading better than 0.1% U3O8. Another sample of radioactive pegmatite that assayed 0.09% U3O8 was also noted to contain 545 ppb Au.
A 1.5 km x 0.5 km portion of this mineralized corridor was surveyed for radon gas in soil in 2007. A northeast-trending multi-station anomaly is scheduled for follow up next season.
Whiskey Jack Occurrence
A radioactive occurrence measuring roughly 75 by 40 metres was discovered in a similar geologic setting to and about 650 metres northeast of the Fish Hawk Lake North Zone. Within this area, numerous bleached, pyritized, (+/- chalcopyrite) radioactive outcrops were noted. Five grab samples assayed from 0.033% to 0.062% U3O8. Limited geological mapping indicates that the radioactive zone may occur near the hinge zone of a plunging regional fold. Further field work is planned in 2008.
Lake Bottom Sampling
A total of 126 additional lake bottom sediment samples were collected to augment the 2005 program. Numerous highly anomalous sites were noted with 10 samples returning greater than 50 ppm uranium and 4 samples greater than 100 ppm uranium. Three of the four samples are located in a cluster centered approximately 3 kilometers southwest of the historic Anomaly 7 uranium occurrence. Further follow up is scheduled for 2008.
Further Work in 2007
A minimum of 2,000 metres of diamond drilling is planned for late fall, pending rig availability. This work will target the down-dip and strike extensions to the Fish Hawk Lake South Zone where drilling earlier this year outlined a significant uranium bearing zone in hematized and fractured Archean granodiorite (news release dated June 5, 2007). Drilling is also planned to test the uranium-copper mineralization exposed by channel sampling at the Fish Hawk Lake North Zone, the basement hosted mineralization to the west of that zone, and the radiometric anomaly and mineralization at the original Anomaly 17 occurrence.
Rock, soil and lake sediments were analyzed by Activation Laboratories in Ancaster, Ontario. Uranium was analyzed by the Delayed Neutron Activation technique and additional elements by the ICP method. Field work was supervised by Brian Willett, B.Sc. Geology. The Qualified Person, as defined by National Instrument 43-101, responsible for review of this news release is Rupert Allan, P. Geol.
On Behalf of the Board of Directors SANTOY RESOURCES LTD.
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Ron Netolitzky
Santoy Resources Ltd.
President
(604) 669-4799
Tony Perri
Santoy Resources Ltd.
Investor Relations, Manager
(604) 669-4799
(604) 669-2543 (FAX)
Website: www.santoy.ca
--------------------------------------------------------------------------------
Source: Santoy Resources Ltd.
sumisu
17 years ago
Santoy-Denison Joint Venture Provides Progress Report, Athabasca Basin, Saskatchewan
Thursday October 4, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to issue the following progress report from information provided by our 50/50 Joint Venture partner, Denison Mines Corp. (TSX:DML - News) for three of our four Athabasca Basin, Saskatchewan properties. Santoy Resources' field crews are completing the work on the Riou River property.
MURPHY LAKE - 15,236 Ha
As previously reported, (please see news release dated July 18, 2007) drill targets were selected on the basis of the interpretation of VTEM helicopter supported EM survey. Three diamond drill holes have been completed in September for a total of 1,152 metres as tabulated below:
[continued in following link]
http://biz.yahoo.com/ccn/071004/200710040417132001.html?.v=1
sumisu
17 years ago
Santoy and Mega Commence Drilling at Mustang Lake, CMB, Labrador
Tuesday September 25, 10:56 am ET
http://biz.yahoo.com/ccn/070925/200709250415217001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to announce the start of its Phase 3 drilling program on the Mustang Lake property in the Central Mineral Belt of Labrador. Work on the property is part of a 50:50 joint venture with Mega Uranium Ltd. (TSX:MGA - News). Mega is the operator.
A minimum of 2,000 m of drilling (nominally 10 holes) is planned to test for extensions of the mineralized zone intersected in hole SP-06-10, which yielded 9.11 metres grading 0.12% U3O8 which is similar to the average grade at Aurora Energy's Michelin deposit, 8 km to the south west.
Following the previous phase of drilling, geological mapping identified northeast-trending structures (shear zones) containing shallowly southwest-plunging lineations in the vicinity of known uranium mineralization. This led to an interpretation that the mineralization in SP-06-10 is hosted by a significant structure and likely plunges to the southwest, as does mineralization at the Michelin deposit.
Drilling is being conducted in accordance with strict "best practices" guidelines and with the Mineral Exploration Standards implemented by the Nunatsiavut government. Comprehensive procedures are in place to ensure that no contamination of the environment occurs, and strict protocols have been established to maintain the health and safety of all program participants.
Bruce River
A program of water sampling from small streams, ponds and seepage zones on the Bruce River property has also been completed (50:50 Santoy JV).
The Qualified Person, as defined by National Instrument 43-101, responsible for review of this news release is Rupert Allan, P. Geol.
About Santoy Resources
Santoy Resources Ltd. is a mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in the Athabasca Basin of Saskatchewan, in Wollaston Domain rocks in northern Manitoba, in south-central British Columbia, in the Otish Mountains of Quebec, and in the Central Mineral Belt of Labrador. A description of our properties, including maps and photographs, can be viewed on the Company's website at www.santoy.ca.
On Behalf of the Board of Directors SANTOY RESOURCES LTD.
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Ron Netolitzky
Santoy Resources Ltd.
(604) 669-4799
Tony Perri
Santoy Resources Ltd.
Investor Relations, Manager
(604) 669-4799
(604) 669-2543 (FAX)
Website: http://www.santoy.ca
--------------------------------------------------------------------------------
Source: Santoy Resources Ltd.
sumisu
17 years ago
Santoy Reports Exploration/Drill Plans on Uranium Joint Venture, Athabasca Basin, SK
Wednesday July 18, 11:21 am ET
http://biz.yahoo.com/ccn/070718/200707180402960001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 18, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to provide an exploration update on their joint venture, with Denison Mines Corp. (TSX:DML - News), which is comprised of four project areas: Hatchet Lake, Murphy Lake, Fond du Lac River and Riou River totalling 123,378 ha. All the properties have been investigated by airborne geophysical surveys, with further data processing completed by Condor Consulting Inc. (Condor) on the Hatchet Lake and Murphy Lake projects.
Exploration budgets for this season have been approved for a minimum expenditure of $1.4 million of which 50% will be funded by Santoy Resources. If the JV decides to maintain the current land package, further expenditures will be necessary to satisfy all of the assessment requirements. The intent of the current program is to screen the large land package with further work to be focused in areas with positive exploration results. It is anticipated that the summer program will include diamond drilling on select targets on the Hatchet and Murphy Lake projects.
HATCHET LAKE - 37,514 Ha
A minimum $475,000 exploration program has been approved for the Hatchet Lake project. The Condor Consulting, Inc. interpretive report on the VTEM airborne survey results identified 11 target zones ("TZ"). Three of these have already been selected for helicopter supported diamond drill testing during the summer. A number of other TZ's will undergo additional compilation and interpretation of historical exploration work, with emphasis on previous drill results, prior to selecting additional drill targets. Some of the TZ's may require follow-up ground geophysics prior to drill target selections.
Previous work on the property included the completion of numerous diamond drill holes to investigate graphitic conductor trends. Highlights of this work includes the identification of extensive clay alteration, elevated uranium and elevated indicator metals including nickel, cobalt, copper, zinc and gold. The most significant historic results were one intersection of 7.34% cobalt, 1.66% nickel and 16.07% arsenic over 2.5 metres and an intercept of 2600 ppm U3O8, 2.5% Cu and 950 ppb Au over 6.0 metres on claim S-107535 (assessment report 64-L-NW-0053). The depth to the unconformity throughout the property varies between 0m and 240m.
MURPHY LAKE - 15,236 Ha
Three TZ's were identified in the Condor report. An exploration program totalling $475,000 has been approved by the joint venture which will include the drill investigation of two or three of the TZ's, identified by Condor, this summer utilizing a helicopter supported diamond drill. A review of the historical exploration work which included diamond drilling along a conductive trend thought to be associated with favourable graphitic structure and a re-interpretation of past ground geophysical surveys will be undertaken to prioritize other drill targets. The depth to the unconformity varies between 200m and 350m on the project lands.
FOND DU LAC RIVER - 56,942 Ha
This large property with thin Athabasca Group cover was flown with a GEOTEM airborne system. The basement rocks are typical Mudjatik terrain comprised of Archean granitoids and Aphebian metasediments. The airborne survey identified two areas with weak conductive responses that have been selected for additional processing. A summer program of detailed lake sediment geochemical sampling and boulder sampling has been approved for an expenditure of $275,000. Even though the project area has thin Athabasca cover, historical exploration has been limited due to the lack of identified basement graphitic conductor trends. Basement structures identified by airborne magnetics are the focus of the boulder sample program which will attempt to identify possible uranium or pathfinder metal enrichment, and/or clay alteration halos in the sandstone boulders which could be indicative of potential uranium mineralization at the unconformity. The depth to the unconformity varies between 0m and 150m on the project lands.
RIOU RIVER - 13,686 Ha
These claim blocks were flown with a MEGATEM survey, which did not identify the presence of any basement conductors. However, the magnetic survey results indicate the continuation of favourable lithological and structural features from the north. The structural features identified to the north of the SAN/DML claims have yielded significant evidence of uranium mineralization as previously reported by UEX. In addition the presence of radioactive springs and the presence of elevated uranium and other pathfinder minerals reported from the historical D.F. Exploration geochemical data base are worthy of additional investigation. Historic drilling on (1 hole) and adjacent (5 holes) to the property defined the basement unconformity to be in the order of 500 to 900 metres deep. The program planned for this property will conduct further lake sediment sampling and confirm the presence of radioactive springs in the region. The JV is considering utilizing other deep penetrating geophysical methods, either airborne or on the ground in order to locate the continuation of basement graphitic conductor trends that have associated uranium mineralization to the north. An exploration budget of $75,000 has been proposed for the project with a contingency of $100,000 if a suitable deep penetrating geophysical system becomes available.
The Qualified Person, as defined by National Instrument 43-101, responsible for the technical data in this news release is Ron Nichols, P. Eng., Vice-President of Exploration.
About Santoy Resources
Santoy Resources Ltd. is a Canadian mining exploration company focused primarily on the energy sector. Emphasis is being placed on uranium projects in British Columbia, Saskatchewan, Manitoba, Otish Mountains of Quebec and the Central Mineral Belt of Labrador; and on coal and coal bed methane in Western Canada. A description of our properties, including maps and photographs can be viewed on the Company's website at www.santoy.ca. Santoy is well funded with $13.5 million in the treasury.
On Behalf of the Board of Directors SANTOY RESOURCES LTD.
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Ron Netolitzky
Santoy Resources Ltd.
(604) 669-4799
Tony Perri
Santoy Resources Ltd.
Investor Relations, Manager
(604) 669-4799
(604) 669-2543 (FAX)
Website: http://www.santoy.ca
--------------------------------------------------------------------------------
Source: Santoy Resources Ltd.
sumisu
17 years ago
Tempest brews over Blizzard
Opponents sound off as Boss Power gets set to move forward on B.C. uranium claim
DON WHITELEY
Special to The Globe and Mail
http://tinyurl.com/3e468n
July 9, 2007
In the mountains east of Kelowna, B.C., a resource war is brewing between a junior mining company proposing a uranium exploration program and Big White, one of the province's premier ski resorts.
The battle over development of the Blizzard uranium deposit will present a dilemma for the provincial government, which must chart a path between welcoming all mining development and the wariness of many B.C. residents about all things nuclear.
While the government may wish the issue would go away, that is not likely to happen. Global demand for uranium is growing, and uranium prices have risen nearly 13-fold in the past four years, making the sector attractive to investors and miners.
Schumann Resorts Ltd. of Kelowna, owner of the Big White resort, has made it clear in a letter to the government that it is not keen on living side by side with a uranium mine, and it does not want to see any exploration activity.
The mining company, Vancouver-based Boss Power Inc., says that should a uranium mine be economically viable, the gross value of the deposit is about $1-billion.
Boss Power acquired rights to the 335-hectare Blizzard property from Santoy Resources Ltd., also of Vancouver, which has retained an interest in the claims. The deal was completed last month through a reverse-takeover procedure. Boss Power has $7-million in venture financing in the kitty, and hopes to launch a uranium exploration program this fall.
The dispute over developing Blizzard, which has festered for more than a year, could become a political wildfire as the company moves forward. Boss Power said it is only two weeks away from launching a community awareness program, and filing applications for a drilling program.
B.C. Minister of State for Mining Kevin Krueger said if the company meets the province's requirements, it will get the permit despite widespread public opposition to uranium mining in this province. "It [uranium] is not ruled out," Mr. Krueger said. "If there's an application for exploration, it will be given full consideration just like any other application. The chief inspector of mines will make a decision on it."
While Big White is concerned about the aesthetics of a mine near its skiing resort, other opponents to uranium mining cite safety and environmental concerns.
Meanwhile, Boss Power notes that nuclear power is one of the cleanest methods of producing electricity, and that Blizzard's uranium deposit could be an important contribution to supplying nuclear power stations, thus reducing greenhouse gas emissions and global warming.
Well aware of the hot-button nature of uranium in B.C., Mr. Krueger said he would advise any company hoping to eventually develop a uranium mine in B.C. that public opposition will be strong. "People fear it, and that's a reality in B.C.," he said. "Whatever assurances are passed along to them, people either don't believe it or they say they're opposed regardless, saying we don't need it, we don't want it, and we don't want you to allow it. But there's no moratorium against uranium exploration or mining in B.C."
Opponents include local residents and environmentalists, who have been waiting for this proposal to come forward for more than a year now. "It is going to be a major battle," says Beaverdell rancher Wayne Fipke, whose range borders on the Blizzard claim. He also owns a chalet at Big White. "The property owners of Big White en masse are vigorously opposed to any development of this nature."
Mr. Fipke is no stranger to mining; he was president of Kelowna-based Dia Met Minerals Ltd. when the first diamond deposits were discovered in the Northwest Territories. But he draws the line at uranium. "Everyone is 100 per cent against it. [The Blizzard property is] only eight kilometres from Big White Village. You can't have people from Europe looking and seeing a uranium mine from the chairlift."
Paul Plocktis, vice-president for real estate development at Schumann Resorts, was asked if the Big White ski area could live side-by-side with a uranium mine.
"We'd rather not," he said, noting the mine would be an eyesore. "When skiers come from England or Australia and get to the top of the hill and see a cut block they say 'Oh my god, what are you doing to your environment?' "
While exploration for, and development of uranium occurs in virtually every other jurisdiction in Canada, in B.C. there has been (until now) virtually no activity since the Social Credit government of Bill Bennett imposed a moratorium in the early 1980s.
Santoy Resources president Ron Netolitzky said if the Blizzard claim moves toward an application for a mine (which would require federal government approval), Boss Power is studying the idea of using an in situ process rather than a conventional open pit mine.
Mr. Krueger is well aware of how his "mining-friendly" government will be viewed if it gives uranium special treatment.
"We're not willing to impose a moratorium because we don't want to send out any sort of negative message to investors or the mining industry worldwide." But, "nothing in British Columbia happens without a social licence any more."
sumisu
17 years ago
Santoy - Wescan Uranium Joint Venture Reports Exploration Plans, Athabasca Basin, SK
Wednesday, July 04, 2007
Santoy Resources Ltd. (TSX.V: SAN) and its 50:50 joint venture partner Wescan Goldfields Inc. (TSX.V: WGF), are pleased to report on their uranium exploration joint venture in Athabasca Basin, Saskatchewan. The JV is comprised of six projects totaling 134,217 ha. A $2.2 million exploration budget has been approved by the JV for the current year, which is sufficient to maintain our current land package. The individual project targets are summarized below with a brief description of the planned exploration.
FIR ISLAND
This property covers the Athabasca unconformity and Black Lake-Virgin River fault system, which is a major structural break. This system is known to be associated with uranium mineralization identified by other companies to the south of the JV properties. VTEM airborne surveys were successful in identifying potential graphitic basement targets under Athabasca Formation cover. Based on these favorable results, the JV staked additional properties to the north. The new properties and a selected portion of the existing area were covered by a MEGATEM airborne survey in May of this year. The orientation of the new survey was more suitable to define the extent of the basement conductor trends.
A summer program of boulder sampling and prospecting are planned over areas of Athabasca cover to better define clay mineral alteration patterns previously identified from historical work. Immediately west of the property the historical Nisto mine, which is considered to be an unconformity type deposit, further confirms the favorability of the property. The property already has targets that warrant drill investigation and the JV is applying for all of the required permits to complete ground surveys prior to diamond drilling. The timing of the drilling will be subject to rig availability.
PATTYSON LAKE
This project situated in the northeast sector of the Athabasca basin with relatively thin sandstone cover, estimated to be in the 200 to 400 metre range based on limited historic drilling and depth to basement calculations from magnetic surveys.
The property was flown with a MEGATEM electromagnetic system operated by Fugro. The basement rocks are indicated to be highly resistive, with a discontinuous decay-constant anomaly in the western part of the project. Several splays of the Tabbernor fault system (north-south) as well as a significant east-west fault are evident in the geophysical data.
The intersecting structures especially in proximity to the decay constant anomaly will be the focus for uranium exploration. A summer field program is planned to complete boulder sampling for clay mineral alteration, prospecting and lake sediment sampling program which will be focused along the identified structural trends.
HAZEMPA LAKE
The project situated in the north-central portion of the Athabasca basin was flown with a MEGATEM system by Fugro. Based on magnetic depth to basement calculations, 700 to 900 metres of Athabasca cover can be anticipated. No drill holes are reported in the vicinity of the property to support this estimate.
The geophysical survey identified two sub-parallel north to northeast trending structures passing through the eastern portion of the project area. These structures are evident in photo images of the area indicating they were active over a considerable period of time. Compilation of historical assessment data refers to radioactive boulders that may be of local origin.
A summer field program is planned with the primary focus on prospecting and sampling along the structural trends, and to explore for clay alteration patterns and any potential leakage anomalies along these structural breaks that could be indicative of uranium mineralization to depth. Further processing of the airborne data is also under consideration.
RICHARDS LAKE
This property situated immediately west of Richards lake was covered by a MEGATEM survey contracted to Fugro. This survey defined a wide and complex east-northeast/west-southwest trending structural corridor. It separates a magnetic high to the north from potentially graphitic lithology to the south that forms an exploration target for uranium mineralization. Based on magnetic depth to basement calculations, the Athabasca Formation would appear to be 600 to 700 metres thick.
This area of interest was also evident from the compilation of historical exploration work. The proposed program for Richards Lake includes additional processing of the MEGATEM data and a field sampling program to explore for clay alteration patterns and prospecting to explore for any uranium and associated metal leakage features.
DOWLER LAKE
This project is situated immediately east of the Alberta border on the south shore of Lake Athabasca. The property was covered by a MEGATEM survey contracted to Fugro. Based on regional information and depth to magnetic basement calculations, the thickness of the Athabasca Formation would appear to be in the 500 to 900 metre range. A potentially significant, structurally controlled conductive trend in the decay constant (Tau) data will be the focus of the summer program. Additional processing of selected areas of the MEGATEM data will also be completed.
The summer program will consist of boulder and outcrop sampling for clay alteration and prospecting for uranium and associated metal leakage along structures. Based on these results, ground geophysical coverage will be planned to define drill targets.
KARPINKA LAKE
This property covers the Wollaston -- Mudjatic Domain boundary approximately 25 km south of the current Athabasca Formation erosional edge. Historical exploration has identified numerous radioactive boulders and outcrops with uranium mineralization associated with calc-silicate, arkosic and pegmatitic units. The most significant historic occurrence on the property is the George occurrence, which was explored by Getty Minerals by overburden stripping and diamond drilling. Active exploration is taking place to the north and south of the property by Denison Mines and Forum Resources respectively. The joint venture is planning a drill program to investigate the George occurrence that remains open along strike and down dip and will consider completing a state of the art geophysical coverage over the area to supplement the historical data prior to drilling.
The Qualified Person, as defined by National Instrument 43-101, responsible for the technical data in this news release is Ron Nichols, P. Geo.,Vice-President of Exploration.
On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
"Ron Netolitzky"
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For further information contact: Ron Netolitzky or Tony Perri -- Investor Relations, Manager
Suite 611, 675 W. Hastings Street Vancouver, British Columbia, Canada V6B 1N2
Tel: (604) 669-4799 Fax: (604) 669-2543 Website: http://www.santoy.ca
sumisu
17 years ago
Santoy Announces Closing of Blizzard Transaction
Thursday June 14, 7:05 pm ET
http://biz.yahoo.com/ccn/070614/200706140397184001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 14, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News; "Santoy" or the "Company") is pleased to announce that the sale of the Company's Blizzard uranium deposit (the "Acquisition") as contemplated by the settlement agreements set out in the Company's news releases of January 27, 2006 and July 27, 2006 respectively have closed effective June 12, 2007. As part of the Acquisition, the Company's interest in the Blizzard uranium deposit in the Greenwood Mining Division of south-central British Columbia, has been assigned to Boss Power Corp. (formerly Boss Gold International Corp. - new symbol TSX.V: BPU) ("Boss Power") in return for the issuance of 26,250,000 shares of Boss Power to Santoy. Concurrently with the closing of the Acquisition, Boss Power has also completed a financing for aggregate proceeds of approximately $6,260,000.
As described in Santoy's news release dated January 27, 2006, one of the terms of the settlement agreement with Anthony Bersuchi is that Mr. Beruschi would receive the right, subject to all applicable regulatory approvals, to an 18 month $1,000,000 private placement (the "Private Placement") in Santoy at $0.40 per unit with each unit comprised of one common share of Santoy and one-half of one common share purchase warrant with each whole warrant exercisable for one common share of Santoy for a one-year period at an exercise price of $0.50 per share. Although it was the intention of the parties to close the Private Placement concurrently with the final Acquisition, the Private Placement has not been completed as the requisite regulatory approval could not be obtained. The Private Placement remains an outstanding item between the Company and Mr. Beruschi and does not directly involve Boss Power. The parties are investigating, within the spirit of the original business intention, possible modifications to the original terms in the Settlement Agreement which would be both acceptable to the Company and in compliance with applicable TSX Venture Exchange requirements.
As previously disclosed, Santoy is funding $1 million of direct expenditures on the Blizzard ground to earn a 5% working interest in the property. This interest is convertible to a 1% NSR royalty as part of the settlement agreements. Further technical and financial details on the Acquisition are contained in a news release issued today by Boss Power. This news release and a NI 43-101 compliant Technical Report dated November 15, 2006 as revised on February 23, 2007 and May 30, 2007, authored by Dr. Peter A. Christopher, PhD, P.Eng, are available at www.sedar.com under Boss Power's profile.
Early Warning Requirements under Applicable Securities Laws
As a result of the closing of the Acquisition, Santoy has received 26,250,000 common shares in the capital of Boss, which represent approximately 35.88% of the outstanding common shares of Boss. At present, Santoy does not have any intention to acquire ownership of or control over additional securities of Boss. A copy of the early warning report filed pursuant to the applicable securities legislation is available online at www.sedar.com under Boss's profile or may be obtained by contacting Santoy at 611 - 675 West Hastings Street Vancouver, BC, V6B 1N2, tel (604) 669-4799, fax (604) 669-2543.
On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
Ron Netolitzky, President
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Ron Netolitzky
Santoy Resources Ltd.
(604) 669-4799
Tony Perri
Santoy Resources Ltd.
Investor Relations, Manager
(604) 669-4799
(604) 669-2543 (FAX)
Website: www.santoy.ca
--------------------------------------------------------------------------------
Source: Santoy Resources Ltd.
sumisu
17 years ago
Santoy Reports Drill Results From Fish Hawk Lake, CMB, Labrador
Tuesday June 5, 12:08 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2007) - Santoy Resources Ltd. (TSX VENTURE:SAN - News) is pleased to announce that all analytical results of the Phase 1 diamond drilling program on the Company's 100% owned Fish Hawk Lake South and North zones have been received. These results confirm the presence of a significant uranium mineralized system at the Fish Hawk Lake South Zone.
Santoy completed 15 diamond drill holes for a total of 1642 meters; 13 holes tested the Fish Hawk Lake South Zone uranium mineralization and 2 holes were drilled to test the mineralization at the North Zone. The Fish Hawk Lake South and North zones, as well as the Central Zone, were discovered during ground follow-up of airborne radiometric anomalies in 2006 (see news release of May 10, 2007 for further details).
Fish Hawk Lake South Zone
Diamond drilling on the South Zone tested approximately 300 meters of strike length along the zone to vertical depths of between 25 and 120 meters. Significant radioactive zones were intersected in 10 of 13 drill holes. Drilling has confirmed that the mineralized zone can now be traced over a minimum strike length of 250 meters. The zone dips steeply to the north, and is open to the east and at depth. Interpretation of the drill results and airborne radiometrics further suggests that the western extension of the mineralized zone may be structurally controlled by a west-southwest plunging structure.
Highlights of analytical results from the South zone include 0.181% U3O8 over 4.50 meters and 0.106% U3O8 over 9.92 meters, both within a thicker zone of 0.063% U3O8 over 27.88 meters in FHLS-07-03; 0.419% U3O8 over 3.28 meters, including 1.153% U3O8, 0.790 oz/tonne silver and 0.5% copper over 0.94 meters in FHLS-07-09; and 0.065% U3O8 over 17.46 meters, including 0.100% U3O8 over 5.23 meters in FHCS-07-13. The South Zone mineralization was tested by FHLS-07-13 to a to a vertical depth of 120 meters, and the results confirm that the mineralization persists in grade and thickness at depth.
Significant mineralized intersections are included in the following table. True thicknesses are estimated at 85 to 90% of the core width for 45 degree dip holes, approximately 80% for 55 degree dip holes, and 65% to 70% for 65 degree dip holes. Maps illustrating the drill hole plan and significant drill intersections will be posted to Santoy's website as soon as available.
[continued in following link]
http://biz.yahoo.com/ccn/070605/200706050395182001.html?.v=1
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TA4U
17 years ago
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