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Mining in France
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Latest French Mining News Headline
Friday, March 07, 2008
AREVA RESOURCES CANADA INC., CAMECO CORPORATION and FORMATION CAPITAL CORPORATION
Formation Capital provided its shareholders with an update on its Virgin River uranium project, as provided to the company by project operator, Cameco Corporation. Significant results include an average assay (ICP-OES and DNC) of 9.329% U3O8 over 14.2 m from 805.7 m in hole DDH VR-027W2. Located within the south-central portion of the Athabasca basin in Northern Saskatchewan, Canada, the project is a joint venture formed in 1998 between Formation Capital's wholly-owned Canadian subsidiary, Coronation Mines Limited, and UEM, jointly owned by Cameco Corporation and by AREVA Resources Canada Inc. Coronation Mines owns 2% of the project with a right to increase its ownership of the project up to 10% under certain circumstances.
Property: VIRGIN RIVER
(Complete Text of Mar 7, 2008 News Release) PDF
 
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