Alpha Minerals Inc. (TSXV:AMW) is expecting more assay results from a winter drill program on its 50% held Patterson Lake South uranium project in the Athabasca Basin in Saskatchewan. On April 24th the company released outstanding results: 49.5 metres averaging 6.26% U3O8, including a 6 metre interval averaging 35% U3O8 and 0.5 metres of 45% U3O8. Alpha Minerals has a market capitalization of $75 million.
Australian-based Syrah Resources Ltd (ASX:SYR) expects to release results of a scoping study sometime in May on its Balama graphite-vanadium deposit in Mozambique, southeast Africa. Resource modelling undertaken by MSA Group calculated a global Inferred Resource at Balama West of 564 million tonnes averaging 9.8 % total graphitic carbon (TGC) and 0.21% Vanadium Pentoxide (V2O5) at a 5% TGC cut-off. Within this global resource the combined high grade zones from the Mualia and Ativa zones contain an Inferred Resource of 157 million tonnes at 17.1 % TGC and 0.43% V2O5 at a 5% cut-off. The company has a market capitalization of AUS$267 million.
Parkside Resources Corporation (TSXV:PKS) completed its first drilling campaign on its Forester Lake gold property in Ontario and is expecting assay results from the 1,200 metre drill program later this spring. The company has a market capitalization $1.8 million.
In February, Prospertity Goldfields (TSXV:PPG) commenced a 4,000 metre, 18-to-20 hole drill program on its wholly-owned Kiyuk Lake gold project in Southern Nunavut. Assays from the first four drill holes were released in April. Results included 35.9 metres averaging 4.95 g/t gold at the Rusty Zone. Investors should be on the lookout for more assay results in the coming months. The company has a market capitalization of $6.4 million.
Highbank Resources Ltd. (TSXV:HBK) holds a 100% interest in a +70 million tonne tidewater aggregate gravel tenure in northwestern British Columbia, north of Prince Rupert. The BC government recently announced that it received four new proposals for Liquid Natural Gas (LNG) plant(s) to be potentially located on Crown Land at Grassy Point (just 40 miles from Highbank’s Swamp Point North aggregate project). Construction of LNG plant sites would require vast amounts of construction aggregates. Highbank is currently in the permitting stage of its aggregate project. Receipt of any permit approvals over the coming months will act as a potential stock catalyst. The company has a market capitalization of $6.2 million.
Mines Management (TSX:MGT) is in the permitting phase of its Montanore silver-copper project located in northwestern Montana. As of November 2012 the company reported that the Biological Consultation and preparation of the Biological Opinion were underway, which, upon completion, are expected to be followed by the Final Environmental Impact Statement and Record of Decision. The company continues to limit activity levels, including capital expenditures, until the timing for the receipt of the Record of Decision for the Montanore Project becomes clearer. The company has a market capitalization of $30 million.
Canadian International Minerals (TSXV:CIN) has been aggressively acquiring claims around Alpha Minerals Inc. and Fission Energy Corp’s PLS project in Athabasca region of west central Saskatchewan. The claims were staked for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS style uranium mineralization. The company intends to release geological and technical details of the properties it has acquired once compilation and review of data is completed. The company has a market capitalization of $1.6 million.
Quest Rare Minerals Ltd. (TSX:QRM) is expecting to receive a Pre-Feasibility study on its Strange Lake Rare Earths project located 225 km northeast of Schefferville, Québec and 125 km west of the Voiseys Bay nickel-copper-cobalt deposit, eastern Labrador. In late October last year, Quest tabled an updated resource estimate on the B-Zone. It contains an Indicated Resource of 278.1 million tonnes grading 0.93% TREO+Y (Total Rare Earth Oxides plus Yittrium), 1.92% zirconium oxide (ZrO2), 0.18% niobium pentoxide (Nb2O5), 0.05% hafnium oxide (HfO2), containing a higher-grade “Enriched Zone” of 20.0 million tonnes 1.44% TREO+Y, 2.59% ZrO2, 0.34% Nb2O5 and 0.06% HfO2. The B-Zone hosts a further Inferred Resource of 214.4 million tonnes grading 0.85% TREO, 1.71% ZrO2, 0.14% Nb2O5 and 0.04% HfO2. The company currently has a market capitalization of $69 million.
American CuMo Mining Corp (TSXV:MLY,OTCQX:MLYCF) completed a drill program in November 2012 on its wholly-owned CuMo molybdenum copper silver project in Idaho. A total of 4,713 meters (15,463 feet) in nine holes were drilled. The company reported that all holes intersected molybdenum-bearing mineralization with some holes ending prematurely in higher grade areas. The market should begin to anticipate assay results from the program shortly. The company has a current market capitalization of $16 million.