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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

Bullboard Posts
Post by scissors14on Sep 23, 2004 10:25am
348 Views
Post# 7955434

Mining companies want answers from Eritrea

Mining companies want answers from EritreaMining companies want answers from Eritrea Asmara 23 September 2004 13:35 https://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=122710 Several foreign mining companies working in Eritrea, ordered by the government on September 2 to close, are still waiting for explanations, Mines Director General Alem Kibreab said on Wednesday. "We have told them to wait patiently and they have agreed," Alem said from Asmara. These foreign mining companies "will be the first to know" why they were told to cease their activity. "I don't have the answer to why they were closed," he added. Among the companies, four are Canadian -- Nevsun Resources, Sanu Resources, Sunridge Gold and Northern Mining Explorations. Nevsun's chief executive officer John Clarke was in Asmara from September 8 to 16 in an effort "to get a better understanding of the directive by the Eritrean government to halt all exploration work", said a statement posted on its website on Monday. "The government has not provided any clarification of their directive," Nevsun's statement said, pointing out that it "will continue to comply with the government's directive," the statement added. In August, Nevsun had announced discovering high-grade gold and copper during a series of test drillings in the Western Eritrea region of Bisha. The directive could mean that, following the discovery, the Eritrean government wants to renegotiate the foreign companies' contracts, several diplomatic sources, who requested anonymity, said in Asmara. - Sapa-AFP
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