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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Cameco bad news = great news for future prices of Uranium

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Cameco bad news = great news for future prices of Uranium

posted on Oct 31, 07 07:48PM

Wed Oct 31, 7:28 PM

SASKATOON - Cameco Corp. (TSX:CCO) has confirmed the flooded Cigar Lake uranium mine in northern Saskatchewan won't start production before 2011, and also revealed Wednesday that one of its suppliers in Russia is looking to charge higher prices for the uranium the Canadian company buys from dismantled nuclear weapons.

"Production start-up remains 2011 at the earliest," he said.

Given Cigar Lake's complexity - Cameco has to freeze the ground to prevent flooding and add rigidity around the half-kilometre-deep mining work - "there is no off-the-shelf manual to guide remediation."

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