Sparton Resources Inc V.SRI

Alternate Symbol(s): SPNRF

Energy

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and Englehart, in Ontario, are in close proximity to Alamos Gold’s producing Young Davidson Mine and the Kirkland Lake gold producing area. The Bruell Property is located in Vauquelin Township, Quebec. The Oakes Gold Property is located in the Matachewan gold mining area of northern Ontario. The Company controls about 32 mining claims and three mining leases in the Matachewan Gold Area. The Pense Property is located in Pense Township, Ontario. The claims are located near the Quebec provincial border, approximately 25 kilometers east of Englehart, Ontario, in the Larder Lake Mining Division.

TSXV:SRI - Post by User

Sparton Resources Inc

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Post by mamothon Jul 28, 2010 10:50am

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Post# 17303070

Uranium price moves up

"Commenting on what's going on in the uranium sector, one Bay Street broker highlighted, "China has been buying uranium not only in anticipation of fuelling the 12 nuclear reactors it has in operation and the 23 it has under construction, but also, it seems, to build a stockpile to ensure it has security of supply." The broker added that it expects "a significant rebound in uranium prices" and the uranium spot price to "top US$100/lb by the end of 2011."

Extract from Canaccord Morning Coffee

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