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Last C$0.12 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 10:58 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

anthem resources inc (AYN) Snapshot

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anthem resources inc (AYN) Details

Anthem Resources Incorporated, an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. The company primarily mines for uranium, nickel, and platinum group elements. It holds a 100% interest or 50% joint venture interest in approximately 91,500 hectares of mineral dispositions in the Athabasca Basin of Saskatchewan. The company was formerly known as Virginia Energy Resources Inc. and changed its name to Anthem Resources Incorporated in September 2012. Anthem Resources Incorporated was incorporated in 1993 and is based in Vancouver, Canada.

Founded in 1993

anthem resources inc (AYN) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Chief Financial Officer
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Compensation as of Fiscal Year 2013.

anthem resources inc (AYN) Key Developments

Anthem Resources Inc. Reports Results from Drilling on the Hatchet Lake Uranium Project

Anthem Resources Inc. reported results from drilling on the Hatchet Lake uranium project, a joint venture operated by Denison Mines Corp. Denison reported that a total of 2,547 metres of drilling was completed in nine drill holes at the Tuning Fork grid area in winter 2015. A zone of intense basement clay alteration with elevated uranium values was extended by drill hole TF-15-01. The alteration is coincident with a strong fault zone within graphitic pelitic gneiss. The high uranium value obtained in TF-15-01 was 491 ppm U, and was accompanied by impressive trace element results that include elevated copper (up to 2.4%), nickel (up to 0.1%) and cobalt (up to 0.29%). The intensity of the alteration and geochemical results, combined with the presence of structurally prepared graphitic basement suggests that the area is highly prospective for high grade basement hosted mineralization and further drilling is required. The best targets on the Hatchet Lake property are on the Richardson-Crooked Lakes trend, which was not tested in the 2015 drill program. Previous drilling along this trend has returned significant uranium mineralization at shallow depth, for example hole RL-13-16, which intersected 0.45% U3O8 over 2.3 metres beginning at 124.0 metres down the drill hole (approximately 112 m vertical depth below surface). This mineralization is hosted by Athabasca sandstone directly above the unconformity. In addition, several promising base-metal intersections have been drilled in this area. For example, Hole RL-14-27 intersected Ag-Pb-Zn mineralization in faulted graphitic pelite in the basement, including 9.6 m grading 19.6 g/t Ag, 3.3% Pb and 0.27% Zn (true width unknown). The Ag-Pb-Zn mineralization is located about 93 m along strike to the northwest of historic hole SMDC 61, which is reported to have cut 2.5 m of 7.34% Co, 1.66% Ni and 16.07% As (true width unknown). Further work is warranted on these targets. On the Murphy Lake joint venture project (Anthem 41.06% interest), Denison plans to spend $608,000 to complete ground geophysics and drilling of four holes totaling about 1,400 m in early summer. Due to continued weakness in the uranium market, Anthem elected to not contribute to either of the 2015 programs at Hatchet Lake and Murphy Lake. As such, the Company's interest is expected to be reduced to approximately 36% and 31% in the respective joint ventures.

Anthem Resources Inc. Enters Settlement Agreement with Sparton Resources Inc., Boss Power Corp., Blizzard Uranium Corp. and the Province of British Columbia

Anthem Resources Inc. announced that it has entered into a settlement agreement with Sparton Resources Inc., Boss Power Corp., Blizzard Uranium Corp. and the Province of British Columbia. The Settlement Agreement provides for the full and final settlement of any claim Sparton may have against Anthem, Boss Power, Blizzard and the Province, or any of them. In consideration of the settlement, Anthem will pay Sparton the sum of $340,000.00 and transfer to Sparton or its designee(s) 2,200,000 common shares of Sparton currently owned by Anthem. Anthem, Boss Power and Blizzard also agreed to provide Sparton with a release respecting any claim they may have against Sparton.

Anthem Resources Incorporated to Propose Alteration of Articles

Anthem Resources Incorporated at its annual general and special meeting to be held on May 28, 2014, will propose to pass, with or without variation, a resolution to ratify and approve the company's advance notice policy ­ election of directors and the alteration of the company's articles to include the terms of such Policy, and to authorize the directors to make such changes to the Policy and Articles as may be required by the TSX Venture Exchange and the British Columbia Registrar of Companies to give effect thereto without further Shareholder approval.


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