pennypauly
GC Mod
Re: gossip column 1/23
« Reply #4 on Today at 9:38am »
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ty stormgrey43
So Acca says $$$ 3rd week on Feb huh?
« Thread Started on Today at 8:23am »
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biz.yahoo.com/ccn/080104/200801040434741001.html?.v=1Press Release Source: Star Uranium Corp.
Star Uranium Corp.-Shore Gold Inc. Appeal Date Set
Friday January 4, 5:24 pm ET
SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 4, 2008) - Star Uranium Corp. (TSX VENTURE:SUV - News). The Company has been advised by the Registrar of the Saskatchewan Court of Appeal that the appeal taken by Shore Gold Inc. (SGF.T) from the decision of the Saskatchewan Court of Queen's Bench granting the Company and United Uranium Corp. the right to record Mineral Dispositions in the Fort a la Corne area will be heard by the Saskatchewan Court of Appeal on Monday February 11, 2008 at 10am at the courthouse in Regina, Saskatchewan.
In the March 1, 2007 Queen's Bench judgment, Mr. Justice Barclay ruled in favor of the Company and United Uranium Corp. deciding that they were entitled, in priority to Shore Gold Inc., to register mineral claims to 25 blocks of land in the Fort a la Corne area. In total, the claims cover 33,196 hectares. Shore Gold Inc. appealed the ruling which has halted any exploration on the claims.
These claims are owned 50/50 by the Company and United Uranium Corp.
The courthouse in Regina is located at 2425 Victoria Avenue.
ON BEHALF OF THE BOARD
Eric Wray, President
The TSX Venture Exchange Does Not Accept Responsibility For The Adequacy or Accuracy of This News Release.
Contact:
Eric Wray
Star Uranium Corp.
President
(306) 664-3828
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Source: Star Uranium Corp.
And if anyone needs a refresher on what exactly is being fought over:
Press Release Source: Star Uranium Corp.
Star Uranium Corp. Announces 2008 Exploration Program
Tuesday January 8, 12:11 pm ET
SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 8, 2008) - Star Uranium Corp. (TSX VENTURE:SUV - News). The Company is pleased to announce exploration programs for 2008.
ADVERTISEMENT
A 3 hole drill program at the Stony Rapids property is scheduled to begin in mid-January. The project is located within the Athabasca Basin along with its northern margin and has both geophysical conductors and geochemical anomalies which will be tested.
A 6 hole program is scheduled for February at our Collins Bay property which is located several km east of the Northeast Southwest trend which contains the Rabbit Lake, Collins "A", "B", and "D", as well as Cameco's Eagle Point Mine. The property is under part of Wollaston Lake and the drilling is aimed at exploring the potential for an "Eagle Point" type uranium deposit.
Exploration drilling of the Pardoe Lake property is scheduled to start in late February. It is located east of the Way Lake property of JNR Resources where high grade pitchblende has been found in outcrop. The Pardoe Lake property has two untested EM conductors trending northeast which were identified by a 2006 airborne VTEM survey.
A program of overburden drilling and ground geophysics at our Peace River-Buffalo Head Hills diamond joint venture (50% Star Uranium Corp, 50% United Uranium Corp.) in Northern Alberta is scheduled to start at late January. Samples obtained from the drill cuttings will be analyzed for kimberlite indicator minerals and the results will be used to locate any kimberlite pipes on the property. A follow-up program likely involving diamond drilling will take place later in the year. The Peace River-Buffalo Head Hills property is located 70 km to the southwest of the Diamondex / Shore Gold JV cluster of kimberlite pipes.
In the Fort a La Corne area east of Prince Albert, Saskatchewan, the company has a number of claims in a 50/50 joint venture with United Uranium Corp. (TSX VENTURE:UUC - News). One kimberlite pipe was discovered several years ago and some drilling was carried out. Further work on these properties is planned for the summer of 2008. At the moment, 25 of the claims are in legal limbo because of a dispute with Shore Gold, as referenced in the Company's press release dated January 4, 2008.
ON BEHALF OF THE BOARD
Eric Wray, President
The TSX Venture Exchange Does Not Accept Responsibility For The Adequacy or Accuracy of This News Release.
Contact:
Eric Wray
Star Uranium Corp.
President
(306) 664-3828
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Source: Star Uranium Corp.
And now from Star Uranium's Website:
The Shore-Gold Dispute
Star Uranium Corp. expects to win the on-going dispute against Shore Gold on November 20th, we expect them to win too!
One of the major reasons we like this company is because of the outstanding lawsuit against Shore Gold. The talk on the street is that Shore Gold has no case, and that this is a guaranteed win for Star, who holds video evidence disputing Shore Golds claim. These diamond properties are significantly VALUABLE and will change Star Uranium overnight once this case Is closed. In fact, these properties could form a company on it’s own, and are under the watchful I of many of the major diamond producers in Canada.
Here is a brief overview of the lawsuit.
Star Uranium and United Carina (50/50) applied to the government of Saskatchewan for mineral rights to 25 claims totaling 33,196 hectares. The government was in the process
of issuing certificates to Pine Channel (Former Operating Name) and United Carina when Shore Gold Inc (SGF.TSX) protested to the Department of Energy and Mines and to the Minister of Mines. Both protest were rejected, and Shore then went to civil court to try to prevent the government from issuing title to Pine Channel and United Carina.
The Department of Energy and Mines then stated that they would await the outcome of the civil court case. After many delays, the case will finally be heard by the court in September
2006. The basis of Shore’s protest is that they claim that Rick Walker conspired to deprive them of their right to claim the lands, and used force, violence and committed assault and battery.
Up until very recently, mineral rights that had lapsed and reverted to the Crown were re-staked by lining up at the door to Energy and Mines offices – much like a land rush in the old Wild West. The door was opened at 8:30 a.m. on the first business day of each month and it was first come-first served. In this particular case, Walker had hired men to live in a tent in front of the door for three weeks. At 2:30 a.m., three nights before
the first business day, a security company hired by Shore had two men show up and stand in front of the tent. By opening morning, a crowd of 20-25 people were jockeying or position under the watchful I of three Regina policemen, whose presence Mr. Walker had arranged. When the door opened, Walker managed to get in first and had his paperwork time stamped and processed first. Shore was unwilling to accept the out come and made their protests.
A video of the event exists and plainly refutes Shore’s charges. The properties in question are scattered throughout the Fort a la Corne area, some more strategic than others, but all have magnetic anomalies on them that could be caused by kimberlites. The largest and at this time, the most important claim involved is a 12 km north-south by 5 km east-west
block which is about 8 km of Shore Gold’s Star kimberlite. This property also is contiguous to Forest Gate’s Dizzy kimberlite pipe and about 5 km north-east of the 140/141 pipe owned by DeBeers and Shore Gold. This pipe contains in excess of 500 million tones of kimberlite.
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