Resource

Yellowhead Mining’s (TSXV:YMI) recently released Harper Creek Copper project feasibility study shows the potential for an economically robust copper mining operation based on long term average copper prices of $2.50 per lb copper.

Standard Graphite (TSXV: SGH) has recently inked a deal to acquire the Mousseau East graphite deposit, situated just 50 km from Timcal Canada’s producing Lac-des-Iles graphite mine. This acquisition provides Standard Graphite with an advanced flagship project that if proven to be metallurgically attractive can potentially be fast-tracked to production.

With its new 1.02 million oz. Measured and Indicated (M&I) resource estimate, Helio Resource Corp (TSXV:HRC) will now look to attach some economic parameters to its SMP gold project via a Preliminary Economic Assessment. However, the junior company is far from finished delineating resources at SMP since only 4 of 30 gold targets have seen enough drilling to attach a resource estimate.

Kivalliq Energy (TSXV:KIV) recently announced that it closed a greatly oversubscribed non-brokered private placement. The company was able to quickly raise CAD$9.5 million from eager investors. Kivalliq will use the funds for continued exploration on its wholly-owned high-grade Lac Cinquante uranium deposit located within the company’s 227,000 acre Angilak Property in Nunavut, Canada.

We first brought Kivalliq Energy (TSXV:KIV) and its Lac Cinquante Uranium resource to your attention in late August 2011 and again in early October when KIV hit an all time low of $0.21 ($25.8 million Market Capitalization). With the recent news of the company’s significant resource expansion, Kivalliq is now trading at $0.48 (at press time) with a market capitalization of $59.1 million.

Results from an extensive prospecting campaign (June until September 2011) over the 225,000 acre Angilak property in Nunavut Canada have identified numerous high-grade polymetallic mineral showings with some eyebrow-raising silver and uranium assays.

With a goal of building a pipeline of significant copper deposits, Canyon Copper (TSXV:CNC, OTCBB:CNYC) has added the Moonlight Copper Porphyry project in Plumas Country northern California, to its stable.

With impressive assay results in hand from both the Western and Eastern Extensions of the Lac Cinquante deposit, in Nunavut, Canada, Kivalliq Energy (TSXV: KIV) should be able to table a much larger uranium resource in its next NI 43-101 update. Of the 54 holes drilled into the Western Extension this past season, assay results [...]

Continued success with the drill bit has been moving Kivalliq Energy closer to its goal of outlining a viable uranium deposit in Northern Canada. Despite this success, the market currently remains distracted from this evolving story. I suspect this market oversight will correct itself and allow savvy uranium investors to profit over the long run. [...]

Kivalliq Energy Corporation (KIV:TSX-V) has a small near-surface and relatively high grade uranium resource. It is actually the highest grade uranium resource in Canada if you discount the Athabasca basin uranium deposits. Currently the company is in the midst of an aggressive 35,000 metre drilling campaign on a portion of its 910 sq. km Angilak [...]