The McArthur River deposit contains a resource of 367 million kilos of uranium and production Classes average 20.5%, making it not only the largest uranium mine in the world, but also the highest degree. Cameco and its partners have accumulated a total of 673 million kg of uranium deposits in 5 throughout the Athabasca basin.
The degree and frequency of large deposits in the Athabasca Basin has been translated in the basin is widely viewed as the best place in the world to find additional world class deposits. Currently the basin provides about 30% of uranium in the world, in degrees 20 times higher than the mines throughout the rest of the world.
Over the past few years, there has been a rush of holding companies acquire land in the basin, with the hopes From discovering the next world class deposit. The stage is now set for Canada the next big discovery uranium. Choose an explorer with a real chance of making a discovery is not an easy task. We, therefore, the key is to find companies that have completed the required exploration, geophysics and mapping and are now actively drilling their properties. This may take up to two years before a company can adequately define drill targets, most companies in the basin are still at the beginning of this stage.
Tribune uranium (TSX.V: TCB) recently announced two drill programs on the company to basin.
According September 18/07 news release, Tribune recently mobilized its exploration program on its 60% owned 100,000 hectare North Shore property, located immediately north of Lake Athabasca and 10 km west of Maurice Bay uranium deposit owned by Cameco. The Maurice Bay deposit, discovered in 1977, holds 1.3 million pounds of Uranium.
Previous farm in North Shore property, which included extensive ground and aerial geophysics, prospecting, geological mapping and drilling tests, identified more than 200 occurrences of uranium and exhibitions. One feature that defines the North Shore property apart from others in the basin is relatively superficial the depth of the basin on the west side. Exploration costs are significantly lower when only holes should be drilled 100 meters, in order to set their targets.
This morning, Tribune announced it was beginning one second drill program at its Botham Lake property. The Company has identified 19 preliminary drill targets in Botham Lake that were prioritized by focusing on the projected intersection of drivers who cross structures, and then comparing the geophysical signatures to the deposits.
Also known at the launch today, announced that the Tribune his holding a large potential Dufferin Lake property has also begun. Dufferin Lake is immediately adjacent to the Cameco / EMU & 39; s Virgin River project and its discoveries recently Centennial area. Discovery holes in the Centennial zone intersected 18.3% higher than 5.3 meters and 6.72 percent U3O8 further 5.2 meters. Significativos uranium presentations have been reported by Cameco in 1 13000000 shares outstanding and a discovery on any of these properties add significant upside to the share price. While the price of uranium has come off from its peak of $ 125 per pound earlier this year, is still heavily trading in the $ 75-85 range, and is likely to resume speculation in the wake of the market softness caused by global issues in the market Monetary.
According to a story in the Economist on September 6, " America & 39; s nuclear industry is about to embark on its biggest expansion in more than a generation. "
The reason for the resurgence of nuclear energy humanity as the best hope for the anticipated increase in demand for electricity is the fact that she is so clean.
Every year, emissions of more than 2 million tonnes of CO2 worldwide is avoided by nuclear power plants fuelled by uranium. Indeed Dr. Kupcis, president of the Canadian Nuclear Association, said " Without nuclear capability today, the Canadian greenhouse gas levels would be between 15 and 20 percent higher ".
Existing nuclear plants in Canada prevent the emission of 100 million tonnes From carbon dioxide per year, which would happen if emissions fossil fuelled plants had produced the same electricity. Eighteen nuclear power plants provide about 15 percent of electricity in Canada and make a significant contribution to reducing greenhouse gas and other emissions.
Electricity generation fueled by uranium does not produce carbon dioxide or other contributing to the rain smog and acid. A number of independent studies have shown that the life cycle of emissions from nuclear plants - including the construction, operation, production of fuel, decommissioning and waste disposal - are comparable to other non-emitting generation, such as hydro systems and Nuclear wind.
Other studies found that compares favorably with all other major projects of electrical power in the life cycle cost of analyses.
With world electricity demand expected to double by 2030, the nuclear option is an increasingly attractive to meet growing demand and many countries are turning to nuclear energy. This trend will support strong markets for Saskatchewan uranium in future.
Tribune uranium is a well-structured exploration company focused on the acquisition and exploration of advanced stage, drill ready uranium projects. The company has an experienced management team, with two joint venture exploration projects in the highly prospective Athabasca basin.
Tribune is actively assessing additional units that meet these criteria and expect to add high-quality portfolio for their projects on a permanent basis. snowflake shyla
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