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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property. The Falcon Property is located approximately 35-kilometer (km) east of the former Key Lake Mine and the active Key Lake uranium mill which processes ore from the McCarthur River Mine. The West Bear property consists of five mineral claims totaling 4,511 hectares located at the eastern edge of the Athabasca Basin which hosts two producing uranium mines.


TSXV:NSU - Post by User

Post by continuity1on Jan 19, 2018 3:05am
315 Views
Post# 27391748

it is not a weakness to seek help

it is not a weakness to seek helpIn 2017 Bisha drilled a discovery hole 150 m. below the deepest point of the existing pit to better define the makeup of primary ore, the results were disenchanting, the elusive, treatable, chalcopyrite/sphalerite free of secondary coppers was not encountered. What they found was just more of exactly the same material causing the present day frustrations. The original feasability study was fatally flawed by a very common problem in this industry, not securing enough representative samples and cherry picking test results. Nevsun took a chance, one should ponder though on the overall mining experience of Nevsun, on a scale of 1 to 10 they rate less than 3. So we have good news and bad news, the bad news is things are not progressing as predicted, the good news is there is enough zinc there to make money with aggressive tactics and the tailings will represent a future revenue source. The share price of Nevsun will never respond to exciting drill reports, it will though react to significant measurable increases in profitability, if Nevsun cannot do it, get someone that can. Strike 2.
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