North Shore Uranium Ltd NSU

Primary Symbol: V.NSU

Energy

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.

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North Shore Uranium Ltd

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Post by trader2dayon May 05, 2018 7:39pm

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Post# 27987863

The March drill results causing stock share rise in May 2018

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/714-tsx/nsu/44297-nevsun-resources-reports-further-exceptional-drill-results-from-the-lower-zone-copper-gold-porphyry-at-timok-initial-resource-expected-by-mid-2018.html

1.00% Cu and 0.20g/t Au (1.14% Cu equivalent) over 556.8 meters starting at 1,310 meters in TC170177
- Including 1.45% Cu, 0.32g/t Au (1.67% Cu equivalent) over 177.0 meters
0.91% Cu and 0.18g/t Au (1.04% Cu equivalent) over 558.0 meters starting at 1,366 meters in TC170187
- Including 1.00% Cu, 0.19g/t Au (1.13% Cu equivalent) over 309 meters
0.97% Cu and 0.14g/t Au (1.07% Cu equivalent) over 390.0 meters starting at 1,106 meters in TC170181
- Including 1.35% Cu, 0.22g/t Au (1.50% Cu equivalent) over 117 meters; and also
1.06% Cu and 0.21g/t Au (1.21% Cu equivalent) over 312.0 meters starting at 1,583 meters in TC170181
- Including 1.47% Cu, 0.32g/t Au (1.69% Cu equivalent) over 165 meters
1.32% Cu and 0.17g/t Au (1.44% Cu equivalent) over 174.0 meters starting at 1,411 meters in TC170185
- Including 1.87% Cu, 0.23g/t Au (2.03% Cu equivalent) over 108 meters
Cu equivalent calculated as 1g/t Au = 0.7% Cu
Intersections estimated to be approximately 50-95% of true width

Image result for nevsun surface drill map

Timok Upper Zone PFS Highlights

10 year mine life producing over 1.7 billion pounds of payable copper
Sub-level cave mining with 3.25 million tonnes per annum conventional plant producing copper concentrate
After tax NAV of $1.8 billion at flat $3.15 per pound copper and 8% discount rate
$574 million in pre-production capital with 80% IRR and under 1 year payback
Located in an established mining jurisdiction supportive of new mining investment

The 43-101 technical report associated with the PFS will be posted on our website and SEDAR within 45 days after March 28, 2018.

Reserves & Resources

An initial reserve for the Upper Zone was released in March 2018. The Probable Reserve for the Upper Zone is estimated to be 27 million tonnes at an average grade of 3.3% copper and 2.1g/t gold, containing 0.89 million tonnes of copper and 1.8 million ounces of gold.

Initial Timok Upper Zone Mineral Reserve Statement (as at March 8, 2018)

Category (all domains)	Tonnes M	Grade			Contained Metal
Category (all domains)	Tonnes M	% Cu	g/t Au	% As	Cu, M tonnes	Au, M ounces
Proven
Probable	27.1	3.3	2.1	0.17	0.89	1.8
Total Proven and Probable	27.1	3.3	2.1	0.17	0.89	1.80

Timok Upper Zone Mineral Resource Statement (as at April 24, 2017)

Category (all domains)	Tonnes M	Grade			Contained Metal
Category (all domains)	Tonnes M	% Cu	g/t Au	% As	Cu, M tonnes	Au, M ounces
Measured	2.2	8.6	5.7	0.29	0.19	0.4
Indicated	26.6	3.3	2.1	0.2	0.87	1.8
Total Measured and Indicated	28.7	3.7	2.4	0.2	1.05	2.2
Inferred	13.9	1.6	0.9	0.06	0.23	0.42