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InvestmentPitch Media Video Discusses Alliance Mining's LOI to Acquire 100% Interest in Jadestone Energy's Tonopah Uranium Project in Nevada - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Alliance Mining Corp. (TSXV:...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses Alliance Mining's LOI to Acquire 100% Interest in Jadestone Energy's Tonopah Uranium Project in Nevada - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - August 27, 2018) - Alliance Mining Corp. (TSXV: ALM) has signed a Letter of Intent with Jadestone Energy LLC to acquire a 100% interest in Jadestone's Tonopah Uranium project. The Tonopah Uranium project, located in the Tonopah Mining district in Nye County and Esmerelda Country, Nevada, consists of 160 contiguous Bureau of Land Management claims covering an area of 3,200 acres.InvestmentPitch Media has produced a \"video\" which describes this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Alliance Mining\" in the search box.Cannot view this video? Visit:www.investmentpitch.comThe claims are located approximately 2 miles northwest of the city of Tonopah and straddle State Highway 95, the main highway between Las Vegas and Reno Nevada. State Highway 95 runs through the southern portion of the claims with numerous trails and four-wheel drive roads afford access within the claims.The initial claims in the Tonopah project were staked in the 1950's by Paul Burkett the founder of Jadestone Energy's predecessor Uranium Exploration Corporation. Since the 1950's exploratory work comprised drilling and field mapping. Prior to 2006, 25 reverse circulation drill holes were drilled on the property and of these 14 holes exhibited uranium mineralization. In 2006, the company undertook further geological mapping, scintillometer prospecting and drilling with 10 holes exhibiting uranium mineralization. These results are summarized in a NI 43-101 compliant technical report completed in 2011. A drilling permit for an additional 68 holes is completed and awaiting approval.Uranium does not trade on an open market like other commodities, but is negotiated privately between buyers and sellers, with prices published by independent market consultants. It was recently reported as $26 per pound.For those looking at the technical side, in a July 26th Special Alert, analyst Mark Deriet of Cormark Securities believes the price of uranium is close to a major breakout and a break above $25 targets $35.Swiss Resource Capital believes a supply gap inevitable in the future. \"Today only 90% of the globa...