Brand Mining: TAIA Lion Resources

Brand Mining: TAIA Lion Resources: TAIA Lion Resources the developer of the highly prospective Lake Sonfon and Gori Hills gold projects in Sierra Leone has commenced a major d...

TAIA Lion Resources

TAIA Lion Resources the developer of the highly prospective Lake Sonfon and Gori Hills gold projects in Sierra Leone has commenced a major drilling campaign and is likely to get some results out before the end of the year.
The company is receiving a strong backing from mining investors who have said simply that Sierra Leone is Ghana ten years ago, I think they are right. TAIA's results will I am sure confirm

Zincox Resources LSE:ZOX

Massively undervalued whilst trading at just above 0.50 Zincox is fully de-risked and will begin production at its Korea Recycling Operation as early as February 2012. I would expect the Zincox stock to soar when the RNS comes out about the commencement of production. At 0.50 the company is a real bargain, I would expect the stock to trade way beyond 1.20 by Q1 2012

UrAmerica-CAMECO

UrAmerica has entered into a Strategic Alliance to advance Exploration in the Chubut Province, Argentina
www.uramerica.co.uk

UrAmerica is pleased to announce that it has signed a Strategic Alliance Agreement with Cameco Global South America Inc. (“Cameco”) with whom it has completed a non-brokered Private Placement of US$10,000,000, representing 19.9% of the equity in the Company.

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Cameco has purchased 11,954,579 ordinary shares of the Company (US$ 0.8365 per share), giving them certain rights.

This investment, among other rights, gives Cameco the exclusive right to acquire 70% of each deposit discovered by UrAmerica, within all of the mining rights currently controlled by the Company in the San Jorge Basin, Chubut Province, Argentina. UrAmerica shall hold the remaining 30% of such deposits.

When a deposit is defined and if Cameco exercises its right, the mining properties hosting such deposit will be transferred to a newly formed Joint Venture Company in exchange for a payment, per pound of U3O8, identified as a mineral resource or mineral reserve, to the Company, based on the variable spot price, as mutually agreed by the parties. Cameco or its affiliate would then become the operator. A second payment from Cameco to the Company would follow for all additional pounds of U3O8identified in said deposit, based on the variable spot price, upon achieving positive feasibility, which must be carried out according to certain milestones.

Pursuant to the Strategic Alliance, a Joint Technical Committee (“JTC”), comprised of two members from Cameco and two members from UrAmerica, has been created to manage and approve the use of proceeds from Cameco’s equity investment in UrAmerica for the exploration programs. The JTC has already approved an initial 12 month Drilling Program of 30,000 meters, focused on 7 drill targets, surrounding and close to the National Commission of Atomic Energy’s (CNEA) “Cerro Solo Deposit”.

UrAmerica Limited

("UrAmerica" or "the Company")