Post by
sinvestor on Jan 28, 2007 1:16pm
Cameco Explores Peru with Vena
Posted this in the Solex forum, but it applies to Frontier Pacific, too, since you guys hold an interest in uranium exploration in Peru.
In case you've not read it, Cameco is forming a company with Vena Resources to explore for uranium in Peru. Cameco has option to earn 50% of Minergia (Vena's privately owned company in Peru, owning all their uranium concessions) for $10 million in exploration costs over 4 years. 60% for feasibility study. 70% when mine development commences. Even mentions building a uranium mill. Cameco has agreed with Vena that all future uranium investments by Cameco in Peru will be done through "their new company" Minergia. You can read more at the Vena-forum if you're interested. This is bound to put a spotlight on uranium in Peru when Cameco is involved, and affect uranium companies in Peru.
Comment by
thasis on Jan 28, 2007 3:52pm
Cameco now in Peru partnering with Vena is potentialy huge for us.
Vena's prime Uranium holding is in Macusani....same district we are in. With this release the spotlight should be shining brightly upon us.
Thanks for the clip sinvestor