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Beitrag44/44, 29.08.07, 13:13:11  | SVZ - Sparton Resources WKN: 727532
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Beitrag43/44, 29.08.07, 13:37:23 
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SPARTON RESOURCES INC
Sparton Secures Exclusive Rights to Process Uranium Bearing Coal Ash From Yunnan Power Station in China
7/10/2007
DRILLING PROGRAM STARTING TO EVALUATE EXISTING WASTE PILES

TORONTO, ONTARIO, Jul 10, 2007 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") reported today that it has secured exclusive rights for its China based group to process all coal ash produced by, or in storage at the Guodian Xiaolongtang Thermal Power Plant in central Yunnan Province PRC. See earlier news releases dated April 23, April 4, and January 16, 2007.

Under terms of a confirmation letter from the China Guodian Xiaolongtang Power Plant ("XLT") , Sparton and its China partners, ARCN (the Airborne and Remote sensing Branch of the China National Nuclear Corporation) along with Beijing Sparton Minerals Company, have been given exclusive rights to utilize existing waste piles of ash, and ash produced at the XLT power plant for processing for uranium extraction. This right is subject to any production of uranium compounds complying with provincial and federal regulations related to such operations and XLT having ongoing rights to use the processed ash for its own commercial benefit. Following completion of the uranium extraction testing program currently underway, and receipt of any required production permits, XLT has also indicated an interest in becoming an equity participant in the commercial operation on terms to be negotiated and confirmed prior to production.

TESTING PROGRAM UPDATE

As reported previously, small ash samples from XLT were previously submitted to the Beijing Number 5 Institute for uranium recovery tests and the production of a small quantity of U3O8 material from the leach solutions. Previous test work by Lyntek in North America has successfully put up to 73% of the contained uranium in the ash into solution using acid leaching methods.

However, the Institute has now been requested to provide a proposal for design and construction of a portable bulk sampling pilot plant to be used for the larger scale testing of XLT ash, and larger samples are required. The smaller samples have been reshipped to Lyntek in Denver Colorado USA for this work. Large samples are now being prepared and sent to the Institute for the tests needed for the pilot plant design.

WASTE PILE DRILLING PROGRAM

Historical records at the XLT station indicate there is an accessible dry waste pile containing approximately 5 million tonnes of fly ash immediately adjacent to the power station. Currently the station is producing 2000-2500 tonnes of new fly ash per day. Historical and recent analyses of the fly ash provided by XLT and verified in numerous analyses by the Company at laboratories both in China and Canada (SGS Lakefield) indicate the fly ash contains an average of approximately 160 ppm uranium or 0.42 pounds of U3O8 per tonne. It has now been learned that XLT did not use lime to control sulphur dioxide emissions until 2002, or 15 years after startup of the original burners in 1987. It is likely that the lower portions of the waste pile will not contain an excess of lime, thus reducing the acid consumption and overall cost of extracting uranium from this part of the accessible waste material. A drilling program will begin shortly to systematically test the waste pile in order to establish the actual tonnage and volume of the waste material available, its uranium content and bulk chemistry. An independent technical report will be written on this program following its completion to verify the results, and the daily ash production from the plant. Leaching tests, including lab scale heap leach simulations will also be done on the samples taken from the waste pile to establish if this low cost technique is a viable processing alternative for future uranium production.

SPARTON REQUESTED TO PROVIDE COMMENTS ON NEW CHINA ENERGY CONSERVATION LEGISLATION

As the first foreign member of the newly formed China New Energy Advisory Council of the All China Federation for Industry and Commerce, Sparton has been asked to provide comments to the Legislation Committee of the National People' Congress on the newly drafted "China Energy Conservation Law" currently being formulated by the Chinese Central Government. This new legislation is designed to provide directives and incentives to all parts of Chinese society, state and private, as well as commercial and industrial consumers, for the more efficient use of existing and future power supplies. As well, it will encourage new forms of alternative energy to be developed in China, including clean, emission free nuclear power generation. The Company's brief, which will be submitted shortly, will stress a more efficient approach to power consumption using such methods as off peak load use by heavy industry. Recommendations will also be made to encourage development of smaller, efficient, local power generation centres in remote areas using hydro, solar and wind power options. For the future it will be necessary to reduce the overall amount of power produced by fossil fuel combustion to meet the long term pollution reduction goals and make a transition into a higher amount of energy generation overall using non green house gas producing methods.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 or Mobile: (416) 716-5762 Email: info@spartonres.ca Sparton Resources Inc. Charles Ge Director int'l +86 10 8559 0034 int'l +86 10 8559 0034 (FAX) Email: Charlesge@vip.163.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:Charlesge@vip.163.com http://www.spartonres.ca
Copyright 2007 Market Wire, All rights reserved.
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag42/44, 29.08.07, 13:37:47 
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SPARTON RESOURCES INC
Sparton Receives Second Payment for Sale of Share Interest in Luxi Gold Project; $1.67 Million Dollars Added to Working Capital
7/18/2007
TORONTO, ONTARIO, Jul 18, 2007 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") announced today that it has received the second payment of 11.972 million RMB (C$1.67 million dollars) from Starry Ltd. for the purchase of a 41% share interest in SRI's 80% owned Yunnan Sparton Minerals Company Limited ("YSM"). Please see Company news release dated November 21, 2006 for details of the terms of the transaction.

YSM is the owner of all the Luxi Gold Project Exploration Licences and project assets in Yunnan Province. SRI will retain 39% of the shares in YSM. In the same agreement SRI's partner in YSM, Yunnan Nuclear Exploration Team 201 ("201") has also received a second payment of RMB 2.92 million (C$407,591) for the sale of 10% of its YSM shares to Starry. The total purchase price for a 51% share interest in YSM to be paid by Starry is RMB 24,480,000 or approximately $C3.5 million dollars.

The total amount payable to SRI for 41% of the shares is RMB 19,680,000 or approximately $C2.9 million dollars and the amount payable to 201 is RMB 4,800,000 or approximately $C690,000 dollars. The currency of the transaction is in Chinese RMB and the dollar amount of funds received is calculated based on currency rates on the dates of bank transfers.

The amount received in this payment represents the completion of the second and third parts of the transaction, namely the approval of the YSM share transfer to Starry by the Yunnan Government and the transfer of the Deep Exploration Licence (the "DEL") under the Guanlingpo Mine to YSM.

SRI received the first payment of RMB 3,772,000 or approximately $C540,000 dollars in late November, 2006.

The remaining payment of RMB 3,396,000 (approximately $C485,140) owed to SRI will be made within 7 days of cancellation of the 25% participation right (see News Release dated June 10 , 2004) held by the Luxi Gold Mine in the DEL, or a new agreement satisfactory to all YSM shareholders is made with the holder of the Luxi Gold Mine Mining Licence for the disposition of this 25% participation right.

Operating expenses for YSM are now paid as to 57% by Starry and 43% by SRI. The new cost sharing percentages are as a result of the 10% share interest held by 201 being a non-contributing, carried interest in YSM.

It is important to note that all funds received by Sparton in this transaction have been paid directly into the Company's Canadian bank account and are available for its working capital.

"We are very pleased to have successfully advanced this agreement with Starry," stated A. Lee Barker Sparton's President and CEO. "Starry is fully supported by one of China's largest integrated gold producers and ongoing exploration at Luxi, including further evaluation of the various new targets in the area will be organized and executed by a Joint Working Committee with representatives of all the Luxi stakeholders. Once again we have shown our ability to operate successfully in China having repatriated over 60% of our investment in Luxi to the Company treasury, while retaining a 39% equity interest and a strong technical participation in the project," Barker concluded.

(i) Note currency exchanges used are: RMB 7.621 equals US $1.0 : C $1.0 equals US $0.94

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 (416) 366-7421 (FAX) Email: info@spartonres.ca Sparton Resources Inc. Charles Ge Director int'l +86 10 8559 0034 int'l +86 10 8559 0034 (FAX) Email: Charlesge@vip.163.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:Charlesge@vip.163.com http://www.spartonres.ca
Copyright 2007 Market Wire, All rights reserved.
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag41/44, 29.08.07, 13:38:10 
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SPARTON RESOURCES INC
Sparton Resources Inc.: Drilling Program Begins to Evaluate Waste Piles at Xiaolongtang Power Station
7/31/2007
POSSIBLE LARGE INCREASE IN AVAILABLE ASH

TORONTO, ONTARIO, Jul 31, 2007 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") reported today that it has started the drilling program to evaluate the quantity and uranium content of waste fly ash at the China Guodian Xiaolongtang Thermal Power Plant in central Yunnan Province PRC. (See earlier news release dated July 10, 2007.)

WASTE PILE DRILLING PROGRAM

POSSIBLE LARGE INCREASE IN WASTE PILE SIZE

A GPS controlled survey of the accessible fly ash piles has now been completed and drilling equipment has started systematic testing of the piles.

Based on the survey results it appears that there may be a large increase in the size of this pile relative to earlier reports provided by the power station staff. The survey data indicate waste fly ash covers an area of about one million square metres and appears to be approximately 10 metres in average thickness. Based on an average bulk density of about 1.4 tonnes per cubic metre there could be more than 10 million tonnes of ash in this storage area, which is nearly double the earlier estimates provided by staff at the station.

While this estimate needs to be confirmed by the drilling program it is consistent with the known ash production of the power station since 1987 when operations began. The station has been producing between 500,000 to 700,000 tonnes of ash per year depending on the level of power demand and coal deliveries from the adjacent coal mine, averaging about 600,000 tonnes of new ash produced per year.

Approximately 50 holes averaging about 10 metres in depth will be required to complete evaluating the entire pile and it will require about 30 days to complete the drilling work. The samples recovered will be systematically analyzed for uranium content and bulk chemistry, and leaching tests will be completed to estimate average uranium recoveries from the entire waste pile.

DISCUSSION

This is an important development in the program as it may provide additional low lime content ash for processing and uranium extraction, with lower acid consumption in the leaching process and overall lower production costs. (Please see news release dated July 10, 2007.). With a possible doubling of the amount of ash available in the waste piles for processing, the amount of available uranium that could be produced from them will increase proportionately and could have a favourable effect on project economics.

TESTING PROGRAM UPDATE

New ash samples totalling 200 kg have been sent to the Beijing Number 5 Testing Institute for additional leaching tests to finalize the design of the bulk sampling plant planned for large scale testing at Xiaolongtang. The work to produce a small amount of yellowcake (U3O8) from the smaller ash samples being tested by Lyntek in the US is underway with results expected shortly. An independent technical report will be written on these programs following their completion.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 or Mobile: (416) 716-5762 (416) 366-7421 (FAX) Email: info@spartonres.ca Sparton Resources Inc. Charles Ge Director +86 10 8559 0034 +86 10 8559 0034 (FAX) Email: Charlesge@vip.163.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:Charlesge@vip.163.com http://www.spartonres.ca
Copyright 2007 Market Wire, All rights reserved.
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag40/44, 29.08.07, 13:38:32 
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SPARTON RESOURCES INC
Sparton and WildHorse Energy Acquire Rights to Evaluate Uranium Bearing Coal Ash Waste Material in Hungary
8/3/2007
20 MILLION TONNES AVAILABLE IN CURRENT STOCKPILES AT AJKA POWER PLANT

TORONTO, ONTARIO, Aug 03, 2007 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company"), and its partner WildHorse Energy Ltd. (ASX: WHE) (WildHorse) reported today that a two year agreement has been signed with Hungary's Bakony Eromu Zrt. ("Bakony"), a major electricity producer, to evaluate the possibility of extracting uranium and other heavy metals from Bakony's Ajka Power Station waste ash sites in west- central Hungary. The program will be managed by the Sparton - WildHorse (50/50) 'Eurash' joint venture. (See Sparton news release dated May 24, 2007, and WildHorse news release dated May 25, 2007.)

The agreement allows Eurash exclusive rights to complete a full geological and technical review, based on existing data, and to sample and collect additional data as required. If the test program is successful the agreement provides for the possibility of participation of Bakony as a partner in uranium production. The work will include systematic sampling of the waste piles, and determination of their overall uranium content and bulk chemistry. Leaching tests for uranium recovery will also be undertaken. This test program will continue over the next 3-6 months. It will be conducted under the direction of US based engineering and mineral processing company Lyntek Inc, which has been involved in over 30 uranium recovery projects in 10 different countries and is a recognized leader in uranium extraction process engineering.

AJKA WASTE ASH

Bakony has been burning large quantities of locally available lignitic coals with high uranium contents at Ajka since the power station came on line and currently has approximately 20 million tonnes of waste ash material in several stockpiles. These have been carefully engineered and maintained in good condition. Historical analytical data from the period 1992 to 1995 indicate that the fly ash in these deposits contains between 92 and 154 ppm U3O8. The bottom ash contains similar values. These are similar to those in a number of in situ leach type uranium deposits under evaluation in various parts of the world. New analytical work is expected to confirm these uranium contents.

DISCUSSION

Assuming the test results demonstrate the potential for economic recovery of uranium, Eurash intends to complete a feasibility study to determine the engineering and economic parameters for commercial development of uranium extraction at Ajka. Such a study will also address environmental and community issues inherent in the development of any future project.

Commercial uranium production would result in the potential for sales within the European Union, or internationally. There is also strong environmental support for the clean up of these waste heaps at the Ajka site.

This is an important development for the Company and WildHorse as the Eurash program is now established as the leader in this field in Central Europe. Research data by the two companies indicates that other very large radioactive waste ash deposits in the region may also be potential evaluation sites for the program. Work continues towards concluding additional agreements similar to the Ajka contract.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 or Mobile: (416) 716-5762 (416) 366-7421 (FAX) Email: info@spartonres.ca Sparton Resources Inc. Charles Ge Director +86 10 8559 0034 +86 10 8559 0034 (FAX) Email: Charlesge@vip.163.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:Charlesge@vip.163.com http://www.spartonres.ca
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag39/44, 29.08.07, 13:38:52 
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Sparton Confirms Zhaojin Mining's Direct Participation in Luxi Gold Project
8/13/2007
NEW EXPLORATION PROGRAM UNDERWAY

TORONTO, ONTARIO, Aug 13, 2007 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company"), reported today that Zhaojin Mining Industry Co. Ltd., a Hong Kong Stock Exchange listed company ("Zhaojin") has now assumed management and operational responsibility for Yunnan Sparton Minerals Company Ltd. ("YSM") and the Luxi Gold Project in Yunnan PRC.

In a recent transaction Zhaojin, through its 100% owned Hong Kong subsidiary Sparky International Trade Company Limited "(Sparky"), acquired all of the 51% share interest in YSM which was held by Starry Limited ("Starry"). Starry was the original vehicle used for the YSM share interest acquisition (for details please see Company news release dated July 18, 2007).

The new share interests in YSM are now Zhaojin (Sparky) 51%, Sparton 39% and Yunnan Nuclear Exploration Team 201 ("201") 10% (non contributing). Future costs of operating YSM and the Luxi Project will be paid as to 57% by Zhaojin and 43% by Sparton. The YSM new board of directors will have seven members, four from Zhaojin, two from Sparton, and one from 201. Lee Barker, Sparton's President and CEO will remain as Deputy Chairman of YSM and a technical advisor.

ZHAOJIN

Zhaojin in China is the largest integrated gold producer and refiner and received its Hong Kong Stock Exchange listing in December 2006, following a successful IPO which raised over USD$240 million dollars. This was up to that time, the largest mining industry related IPO completed in Hong Kong. The YSM transaction is the first new acquisition made by Zhaojin since its IPO. As an international gold producer Zhaojin plans to expand into other exploration areas outside of China, including other parts of Asia and North America.

NEW PROGRAM

Going forward, the new YSM management team are planning a new exploration program including 3000 metres of drilling to accelerate the identification of primary and oxide gold resources in the Luxi area with the objective of early production. The YSM head office for administration and operations will be moved from Kunming to Luxi-Mangshe in order to have a stronger presence locally in the working area and develop stronger ties to the local community there. The transition is expected to be complete by the end of August, 2007. Additional drilling equipment and staff will be mobilized to the work area.

DISCUSSION

The closing of this transaction and direct involvement by Zhaojin will enable major time and cost savings in the future development at Luxi. Having the program and company managed by a major Chinese gold producer will enable most local issues to be dealt with much easier and the move of YSM directly into the Luxi area will demonstrate a strong project commitment to the local government, as well as effect significant cost savings. There will be no changes in the original YSM Joint Venture Agreement and the Sparton's financial and commercial interests under the contract continue to be fully protected as before.

This transaction is without precedent in China. A majority interest in a China based project, developed by a foreign company has been sold to a major domestic mineral producer. It is expected that Sparton and Zhaojin will become strong strategic partners in future, and work together on new gold related projects outside of China.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 or Mobile: (416) 716-5762 (416) 366-7421 (FAX) Email: info@spartonres.ca Sparton Resources Inc. Charles Ge Director +86 10 8559 0034 +86 10 8559 0034 (FAX) Email: Charlesge@vip.163.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:Charlesge@vip.163.com http://www.spartonres.ca
Copyright 2007 Market Wire, All rights reserved.
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag38/44, 05.09.07, 13:13:21 
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TORONTO, ONTARIO--(CCNMatthews - July 31, 2007) - Sparton Resources Inc.
(TSX VENTURE:SRI) (the "Company") reported today that it has started the
drilling program to evaluate the quantity and uranium content of waste fly
ash at the China Guodian Xiaolongtang Thermal Power Plant in central Yunnan
Province PRC. (See earlier news release dated July 10, 2007.)

Approximately 50 holes averaging about 10 metres in depth will be required
to complete evaluating the entire pile and it will require about 30 days to
complete the drilling work. The samples recovered will be systematically
analyzed for uranium content and bulk chemistry, and leaching tests will be
completed to estimate average uranium recoveries from the entire waste pile.

zur Erinnerung! whistle
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Beitrag37/44, 09.10.07, 15:54:24 
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SPARTON RESOURCES INC
Sparton Completes Data Compilation from Initial Drilling Program SBD Gold Project, Nevada
10/9/2007
700 METRE STRIKE LENGTH OF WEST ZONE UNTESTED

TORONTO, ONTARIO, Oct 09, 2007 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") announced today that is has completed a compilation of all previous drilling results combined with the seven hole drill program completed last May at its 100% owned SBD Gold Project in the prolific Battle Mountain Gold Area of Nevada, USA.

The new results have been integrated with the previously generated data available for the property and clearly indicate that the South Zone mineralization represents the extension of the West Zone, offset to the east, and down dropped approximately 50 metres vertically by prominent east - west fault.

Additionally, the new mineralization located in hole 07-07 (see news release dated June 13 , 2007) which tested a geophysical anomaly, appears to be the southern extension of the North Gold Zone, offset by the same fault structure. This new area also hosts several strong geophysical targets that require testing.

All drill holes on the property were entered into the GEMCOM mine planning computer program and plotted on a series of cross sections. The section to section correlation from south to north through holes drilled in the South and West Zones indicates that the projected strike and depth extensions of the wide zone of gold mineralization in the South Zone (15 to 33 metres wide in holes 07-05, 07-06, 19-93 etc) has never been intersected by past drilling along a 700 metre distance between the two zones.

Most of the previous holes drilled were actually completed above the projected extensions of the zones. As well, many past holes drilled in both zones were not oriented to properly cross the mineralization which, base on the new compilation dips westwards. The 700 metre gap in the effective drill pattern will be tested in a new 4000 metre drilling program planned for early 2008 at SBD. Subject to availability, core drilling will be the preferred technique for the new work in order to properly establish correlations in the various mineralized rock units.

Additional holes are also planned to test the southward extension of the North Zone and extend the new mineralization located in Hole 07-07 as well as test other geophysical targets on the 29 claim (240ha) SBD Property.

A series of cross sections and plan map illustrating the interpretation will be posted shortly on the Company Website www.spartonres.ca.

For reference, the tenor of mineralization at SBD is very similar to the historical reported grades for the past and current production from the nearby Trenton Canyon (Newmont) and Marigold (Barrick) Mines, which average about 1.13 g/t and 0.90 g/t respectively and SBD is strategically located in the heart of an area hosting over 16 million ounces of known gold mineralization.

DISCUSSION

This interpretation of the compiled data has confirmed the Company belief that much of the previous drilling done at SBD was not effective in actually developing a gold resource on the property. Assembling data from four different operators and four drill programs into a coherent picture involved challenges of properly locating drill hole coordinates and interpreting geologic data from several sources. Now that the apparent geometry and position of the zones has been established the new drilling work will be designed to identify overall size and gold grade distribution in the known zones and further explore the new area identified in Hole 07-07.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 or Mobile; (416) 716-5762 (416) 366-7421 (FAX) Email: info@spartonres.ca Sparton Resources Inc. Edward G. Thompson Chairman (416) 366-6083 (416) 366-2713 (FAX) Email: egt@interlog.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:egt@interlog.com http://www.spartonres.ca
Copyright 2007 Market Wire, All rights reserved.
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag36/44, 15.10.07, 15:05:06 
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Sparton Resources Inc.: First Yellowcake Produced From Xiaolongtang Cola Ash, China-Test Work Continues
10/15/2007

TORONTO, ONTARIO, Oct 15, 2007 (MARKET WIRE via COMTEX News Network) --
Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") reported today that its ongoing uranium extraction testing program has successfully produced a small amount of yellowcake (U3O8) from fly ash samples taken from the China Guodian Xiaolongtang Thermal Power Plant in central Yunnan Province PRC). The test work is being done by the Company's processing engineering consulting firm Lyntek Inc. of Denver, Colorado, USA. Yellowcake (U3O8) is the uranium compound produced and sold by most uranium producers and is the uranium bearing raw material whose price is quoted in international markets.

This test, the first one to attempt to produce yellowcake, was qualitative in nature and used 6.1 kg of mixed fly ash currently being produced by the old and new burners at the Xiaolongtang station. The ash averaged about 160 ppm U or 0.40 lb/tonne U3O8. Leaching was done with sulphuric acid and the yellowcake was produced by passing the filtered leach solution through a standard ion exchange resin, stripping the resin and precipitating the uranium compound. This process is essentially similar to the uranium extraction and yellowcake production methods used by primary uranium ore processing plants or ISL (in situ leach) operations using an acidic leaching solution. A photo of the yellowcake precipitate is shown on the Company website www.spartonres.ca.

New test work currently in progress will focus on refining the leaching, filtering and ion exchange processes. The leach solutions contain significant amounts of gypsum and iron oxide which require removal by filtering prior to passing them through the ion exchange system. The next tests will evaluate uranium extraction from ash from the large waste pile at Xiaolongtang. A 20 kg representative sample taken from drill holes used to test the waste pile will be used for this work.

WASTE PILE DRILLING PROGRAM

42 drill holes totalling approximately 700 metres were completed in September in a systematic pattern over the entire fly ash waste pile at Xiaolongtang with a 50 metre average hole spacing. The pile averages about 17 metres in thickness, and contains about 5.3 million tonnes of ash. Systematic sampling of the ash has been completed and samples are currently being analysed at a laboratory in China. Duplicate samples have been taken and sent to SGS Lakefield Laboratories in Toronto, Canada for quality control. The results of the analyses will provide an average uranium content for the waste pile ash and also the content of several other trace heavy metals including molybdenum (similar to the uranium content) and vanadium (twice the uranium content) which have been identified in earlier analyses. Leaching and uranium extraction tests will begin shortly on this material.

DISCUSSION

The production of yellowcake from waste coal ash is another milestone in Sparton's ongoing secondary source uranium recovery programs in China and elsewhere. The Company and its process engineering consultants have demonstrated that U3O8 can be produced from this material. Refinement of the process methodologies for extraction will be a priority activity for future work. Elsewhere waste ash sampling programs are underway in Hungary and southern Africa, and new results will be reported as they become available.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.
Gut verdient dank Peketec ? Gib der Community etwas zurück -> Club
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Beitrag35/44, 16.10.07, 14:47:19 
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Sprich, der Haufen hat 2,12 Mio Pfund Uran + 2 Mio Pfund Molybdän und 4 Mio Pfund Vanadium


Wenn ich konservativ mit 80$ fürs Uran rechne, 20 fürs Moly und 13 für Vanadium (stimmen die Preise?) ist der Aschehaufen mehr als 250 mio $ wert. Aus WO!

This test, the first one to attempt to produce yellowcake, was qualitative in nature and used 6.1 kg of mixed fly ash currently being produced by the old and new burners at the Xiaolongtang station. The ash averaged about 160 ppm U or 0.40 lb/tonne U3O8

Das sind die Ergebnisse der ersten Tests von Sparton aus der Asche. Zum Vergleich die besten Ergebnisse von Forsys liegen so bei 0,44 lb/tonne U308. Die müssen ihren Laden erst noch in Betrieb nehmen!!!!
Und haben gewaltige Kosten an der Backe!

Von mir!
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag34/44, 05.11.07, 16:54:52 
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gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
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Beitrag33/44, 13.11.07, 13:17:39 
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Bin auch noch mit von der Partie, gestern gab es News.


Sparton to test uranium extraction at Yunnan mine

2007-11-12 09:49 ET - News Release

Mr. A. Lee Barker reports

SPARTON ACQUIRES RIGHTS TO TEST AND ACQUIRE HIGH URANIUM COAL DEPOSIT AND GERMANIUM PRODUCTION OPERATIONS IN YUNNAN CHINA

Sparton Resources Inc. has signed an agreement to evaluate the extraction of uranium from waste material produced from a germanium production plant in the Lincang area of Yunnan province, China. The Lincang area hosts at least two large coal basins (Bangmai and Mengwang) which contain highly anomalous amounts of uranium and germanium. Currently these support seven germanium-producing operations which are producing large amounts of uranium-bearing ash and waste. Historically uranium was produced in the 1970s and early 1980s from coal ash from these deposits but all production ceased with the collapse of uranium markets about 1985. Germanium is an industrial metal currently valued at approximately $1,250 (U.S.) per kilogram., which is widely used in many electronics applications such as semiconductors and transistors, as well as catalysts, optical devices and various medical applications.

Under the terms of the memorandum of understanding with the Hua Jun Coal Mine Co. Ltd. Sparton and its China partners ARCN, the remote sensing and research branch of the China National Nuclear Corp., and Beijing John Hanseng Investment Consulting Co. Ltd., will do uranium analyses and leach tests on the coal and various types of waste material produced from burning of coal produced on the 2.7-square-kilometre mining licence owned by HJC, and if results are positive Sparton can purchase up to an 85-per-cent share interest in the HJC company and all of its assets including the coal mines and germanium production facilities, based on a negotiated value.

Uranium content of HJC coal ash waste

Previous sampling of coal ash waste material by Sparton's team indicated that bottom ash and fly ash samples taken from the area contain between 253 and 804 parts per million uranium which corresponds to grades of about 0.03 per cent to 0.09 per cent U3O8, or roughly 0.66 to two pounds of U3O8 per metric tonne. The germanium content of this ash was not determined in these samples but it is known that the lower limit for germanium recovery from coal in the area is about 100 ppm Ge. During a site visit during the week of Nov. 5, 2007, Sparton's staff determined that all waste material from the operations are anomalously radioactive and representative samples were taken from all the various types of waste for additional analyses and uranium leach tests.

HJC operations

HJC has been operating three underground coal mines on its mining licence for approximately five years. The mines are developed using inclined shaft access and have a total capacity currently of about 250 tonnes per day. They include the No. 306 Wenhua mine, the No. 306 Chuanzhong mine and the No. 307 Defu mine. The No. 306 mines are joined underground and exploit uranium- and germanium-bearing coal solely for use in germanium extraction by coal burning and flue dust recovery. The Defu mine coal contains sections that contain less germanium and also produces thermal coal for local sales. The deepest current workings are approximately 60 metres below surface. Operating history indicates that there have been no serious accidents since operations started in 2002, and that the mines are free of methane gas and dry. Both manual and mechanical methods are used for mining the coal and the seams average about 2.5 metres in thickness. Ash content of the coal varies from 40 to 50 per cent.

Mine technical staff from HJC reported that the two No. 306 mines contain a historical resource (non-43-101 compliant) using Chinese reporting standards of 92.34 tonnes of Ge contained in 521,600 tonnes of coal. An additional 500,000 tonnes of mixed domestic and high Ge coal is reported for the Defu mine from the same database. All of this information is based on results of approximately 18 drill holes completed within small 0.6 square km area with in the 2.5 square km mining licence area held by HJC. No data are available for the uranium content of the coal and ash except for the results from Sparton's limited sampling done early in 2007 which are reported above.

HJC is currently producing 10 kg per day of high germanium flue dust valued at 5,300 renminbi per kg ($700 (U.S.) per kg) from the burning of about 100 tonnes of coal. New recovery bins are currently under construction which will allow an increase in production capacity up to the limit of currently available coal production (250 tonnes per day). Profit margin after taxes and all costs is reported to be 40 per cent of revenue.

Sparton staff will be reviewing the detailed technical and financial information for these data as part of the due diligence procedures for this project and will conduct a comprehensive underground sampling program of the coal seams, in parallel with the detailed sampling of the waste ash material sites in the HJC area. These are estimated to contain approximately 75,000 tonnes of ash and clinker. Leaching tests for uranium recovery will be conducted on the various materials as well. The initial analyses indicate a low lime content for the waste material.

New Chinese government foreign investment policies

Under the new recently announced Chinese Investment Directory for Foreign Investment which will come into effect on Dec. 1, 2007, the "comprehensive use of coal ash for extraction of valuable minerals and other uses" (paragraph 23.2) has been put into the "encouraged" category. Further, the use of new technological applications in the treatment of various forms of mine waste and tailings for recovery of valuable minerals and environmental restoration of waste sites is also now in the "encouraged" category. Both of these new policies are highly positive for the programs of Sparton and its partners in its secondary uranium recovery and waste cleanup programs in China.

Elsewhere waste ash sampling programs are under way in Hungary and southern Africa, and the testing program continues on the Xiaolongtan waste pile material in Yunnan, China. New results will be reported as they become available.

New director joins Sparton board

The company is pleased to announce that W. Brian Carter, BASc, CA, CFA, has joined Sparton's board of directors. Mr. Carter is a senior management investment professional with over 40 years of experience in the investment industry, specializing in the resource sector. Following an early career as a mining engineer he entered the financial services industry and has held senior management and research positions with a number of major financial management organizations including Clarkson Gordon and Company (now Ernst and Young), Loewen, Onaadtje, McCutcheon & Company Ltd., Stuart Investment Management Ltd., Jones Heward Investment Management Inc. and Legg Mason Canada Inc.

At LOM he was head of research and portfolio strategy, leading a team of analysts serving an international client base of financial institutions, and involved in that organization's corporate finance department specializing in transactions in the precious metals and resource industry.

Mr. Carter is currently senior portfolio manager for Sceptre Investment Counsel Ltd.

Sparton's other directors welcome him to the board and look forward to benefiting from his experience as the company moves forward with its various programs. Mr. Carter has been granted 150,000 options to purchase Sparton common shares of at a price of 36 cents for a period of five years commencing on today's date.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, PEng, PGeo, the company's president and chief executive officer, who is a qualified person under National Instrument 43-101.
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Beitrag32/44, 30.11.07, 16:32:43 
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Auf der Sparton Homepage gibt es ein neues Interview mit Lee Barker, der jetzt einen Monat in China war.

Er sagte unter anderem:

Er hat unter anderem neue mögliche Projekte für die Uranauswaschung ausgemacht. Von fast allen Aschebergen wurden Proben genommen und diese sind dabei untersucht zu werden. Ziel ist es auch neben dem uran, Germanium auszuwaschen. Zu diesem Zweck hat er sich Produktionsbetriebe angeschaut, die das jetzt schon machen. Diese sind später auch mögliche Partner falls es sich rentiert

Zum Gold-Projekt in China hat er gesagt, dass es ein neues technisches team gibt welches vor zwei Wochen ein neues Bohrprogramm gestartet hat, erste Resultat werden Ende diesen Jahres erwartet.

Dann war er noch in der Mongolei und hat sich mögliche neue Gold und Uran Projekte angeschaut.
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Beitrag31/44, 03.01.08, 15:49:39  | Sparton News
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Sparton Reports First Results from Coal Ash Waste Sampling Program in Lincang Germanium Area, Yunnan, China
Thursday January 3, 9:40 am ET
45 SAMPLES FROM GOVERNMENT WASTE PILE AVERAGE 0.029% U3O8
LOCAL VALUES AVERAGE UP TO 0.41% U3O8

TORONTO, ONTARIO--(Marketwire - Jan. 3, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI - News; the "Company") reported today initial results from the sampling program completed in late November 2007 on various waste piles of uranium bearing coal ash from the Lincang Area in central Yunnan PRC. (See news release dated November 12, 2007).

ADVERTISEMENT
Results are available for 61 of a total of 122 samples systematically taken from the various ash waste locations and represent material from the largest of the piles, estimated to contain approximately 350,000 tonnes of ash produced by the local germanium extraction operations.

Historically uranium was extracted from coal ash in this area but all production ceased with the collapse of uranium markets in the early 1980's. Germanium production has continued however, and there are a number of radioactive ash waste piles in the area including the one for which results are reported here. All waste piles have been systematically sampled and surveyed using a scintillometer (radiation detector) by the Sparton team.

FIRST RESULTS

The average content of 46 samples taken from the largest waste pile area is 0.029% U3O8 or approximately 0.64 pounds U308 per tonne. The range of values varies from 0.01% to 0.036% U3O8.

In addition, 3 samples taken from one highly radioactive area in the same waste pile averaged 0.41% U3O8 but these results were not used in calculating the average content reported above.

In addition to uranium analyses, determinations for lime (CaO) and magnesia (MgO) content were also completed on these samples and the results indicate low values for both, averaging less than 4% for lime and 1% for magnesia.

DISCUSSION

These results are considered highly encouraging and the low lime content of this material should contribute positively to uranium leach extraction tests which will begin shortly both in China and North America. Analyses for the remaining samples will be reported when available.

All analyses reported here were done by SGS-CSTC Standards Technical Services Co. Ltd. laboratories in Tianjin China, a member of the international SGS Group.

Sparton and its partners ARCN, the Remote Sensing and Research Branch of the China National Nuclear Corporation, and Beijing John Hanseng Investment Consulting Co. Ltd. have entered into Memorandums of Understanding with the Hua Jun Coal Mine Co. Ltd. and, more recently with the Tian Hao Group another local Germanium producer, to do uranium analyses and leach tests on the coal and various types of ash waste material produced by these companies. Additional agreements are currently under negotiation.

If initial sampling and test results are positive, feasibility studies will be undertaken to evaluate the commercialization of uranium production from these waste ash areas. The initial leaching tests are expected to begin by mid January 2008.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Quelle: http://biz.yahoo.com/ccn/080103/200801030434422001.html?.v=1
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Beitrag30/44, 10.01.08, 15:40:05 
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Neues Interview mit Lee Barker
http://www.spartonres.ca/download/Vaughan_Jan8-08.mp3

Kleine Zusammenfassung:

Es besteht die Absicht die Ausweitung der Uran-Auswaschung auf Afrika und Europa zu prüfen.

Beim Luxi Gold Projekt wurde im Oktober ein Bohrprogramm durchgeführt, offizielle Resultate gibt es noch keine, Barker ist aber optimistisch.
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Beitrag29/44, 10.01.08, 16:42:39 
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jc1 schrieb am 10.01.2008, 15:40
Neues Interview mit Lee Barker
http://www.spartonres.ca/download/Vaughan_Jan8-08.mp3

Kleine Zusammenfassung:

Es besteht die Absicht die Ausweitung der Uran-Auswaschung auf Afrika und Europa zu prüfen.

Beim Luxi Gold Projekt wurde im Oktober ein Bohrprogramm durchgeführt, offizielle Resultate gibt es noch keine, Barker ist aber optimistisch.


Klingt hervorragend. Eventuell waren die mehrmaligen dicken Pakete, durch welche der Kurs teilweise über die 0,40 CAD intraday schnellte, verfrühte Folge dieses Wissens.
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Beitrag28/44, 15.01.08, 11:55:53  | News
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Sparton Resources Inc. (SRI-TSX Venture) (the “Company”) announced today that it has
completed a non-brokered private placement financing. The Company issued an aggregate of
4,100,000 units at a subscription price of $0.25 per unit, for aggregate gross proceeds of
$1,025,000. Each unit consists of one common share and one Series F common share purchase
warrant. Each Series F Warrant entitles the holder to acquire one common share of the Company
until January 14, 2009 at a price of $0.38 per share, subject to the right of the Company to
accelerate the expiry date of the Warrants in the event that the common shares of the Company
trade above $0.50 per share for a period of 20 consecutive trading days.
The common shares and warrants comprising the units are subject to a hold period that expires
May 15, 2008.

Net proceeds of the financing will be used for general corporate purposes and for expenditures
planned for the Company’s international portfolio of non conventional uranium extraction testing
programs, as well as its advanced precious metal exploration programs in China, Mexico and the
United States.

Quelle: http://www.sedar.com/[/url]
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Beitrag27/44, 29.01.08, 18:01:10 
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Sparton Signs Three Key Agreements for Uranium and Germanium Production in China

Tuesday January 29, 11:21 am ET

JOINT VENTURE CONTRACT SIGNED FOR OPERATING COMPANY
AGREEMENT FOR URANIUM PRODUCTION FROM LINCANG AREA WASTE PILE
AGREEMENT SIGNED TO PURCHASE LINCANG AREA GERMANIUM PRODUCING COMPANY


TORONTO, ONTARIO--(Marketwire - Jan. 29, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI - News; the "Company") reported today that it has signed three key agreements in China which will position the Company to become a significant producer of germanium and provide the initial structure for uranium production in PRC. The first agreement relates to the establishment of a new sino-foreign joint venture operating company with a branch of the China National Nuclear Corporation ("CNNC") to produce uranium from waste material and coal ash in Yunnan Province. The second agreement relates to Sparton and the new operating company obtaining exclusive rights to test, process, and extract uranium from a large coal ash waste pile in the Lincang Area of central Yunnan (see Company news release dated January 3, 2008). The third agreement is a share purchase agreement that will permit the company to acquire 85% of the shares of the private Chinese company which is the second largest germanium concentrate producer in the Lincang area.

All of these agreements represent milestones in Sparton's ongoing program to begin uranium production from waste ash sources in China, and to become an operating company in the rapidly expanding international germanium market. All of the agreements have been signed through the Company's wholly owned subsidiary Sparton Energy Inc. ("SEI") which is registered in the British Virgin Islands.

NEW JV OPERATING COMPANY

The new operating company, Yunnan Sparton New Environ-Tech Consulting Co. Ltd. ("YSN") will be structured as an environmental solutions company utilizing waste coal ash or other waste industrial material for the extraction of valuable materials. These activities are now encouraged for foreign investment by the PRC Central Government and are eligible for government and local financial institution funding assistance. YSN partners are SEI, ARCN (the Remote Sensing Branch of CNNC), and Beijing John Hanseng Investment Consulting Co. Ltd. ("JHIC").

The initial share interests in YSN are: SEI 60%, ARCN 30%, and JHIC 10%. These can diluted through non participation to SEI 90%, ARCN 5% (carried), and JHIC 5% (carried). The new JV Company will have an initial registered capital of 2,000,000 RMB (approximately C$280,000) which will be contributed in tranches. YSN will be responsible for all waste testing, development and production of uranium from waste ash material in Yunnan including the current programs evaluating the Lincang and Xiaolongtan waste ash deposits.

WASTE ASH PROCESSING AGREEMENT LINCANG AREA

The Company has made an exclusive agreement with Tianhao Group Ltd. China ("TH") a Lincang germanium producer, to test and extract uranium from the large government ash waste pile which was sampled by the Sparton and results reported earlier (see news release dated January 3, 2008). TH has exclusive rights to reprocess the material in the government controlled waste ash area for germanium extraction. The agreement provides for TH to receive either a negotiated processing fee or royalty on any uranium production by YSN from the waste ash or other process waste material it controls. The average grade reported earlier for this waste ash is 0.64 lbs/tonne U3O8, and the main waste area is estimated to contain over 350,000 tonnes of ash. TH is also producing 60-80 tonnes of new uranium bearing waste each day from its operations which contain about the same U3O8 content as the main waste pile based on test results recently received by Sparton. This agreement provides the Company and YSN with the opportunity to begin successful uranium production from the same ash used historically for successful uranium extraction in the Lincang area. Samples for initial uranium leach tests are currently in transit to the Company's process engineering consultants Lyntek Inc. in Denver Colorado.

SHARE PURCHASE AGREEMENT FOR 85% INTEREST IN HUA JUN GERMANIUM PRODUCER

Following additional negotiations and initial due diligence evaluations with Linjiang 306 Huajun Coal Co. Ltd. Lincang City ("HJ") after signing the Memorandum of Understanding (MOU) reported on January 3, 2008, the Company through SEI has entered into a preliminary agreement on January 27, 2008 to purchase an 85% share interest in HJ for a total consideration of 22,000,000 RMB (approximately C$3.06 million). This total cost includes 2,000,000 RMB (C$278,000) in transfer fees and taxes. HJ is a private PRC company founded and owned by two local Lincang businessmen who will retain 8% and 7% share interests respectively in HJ on completion of the transaction.

HJ's current assets are valued at valued at 23,500,000 RMB (C$3.26million) including infrastructure, and mining licences covering three coal mines producing thermal and germanium coal feedstock. HJ also owns an ash waste pile of approximately 100,000 tonnes averaging about 170 ppm U3O8 (0.4lbs/tonne) and is producing 50 tonnes per day of new uranium bearing ash.

The germanium operation is very successful and currently produces approximately 3500 kg per year of concentrate which is sold to germanium refiners for prices which have varied from about 5000RMB per kg to the current level of 9000RMB per kg. in the past 12 month period. Net Profits after all taxes and costs averaged 1,100,000RMB (C$153,000) per month during the third quarter of 2007. The current operations area has sufficient germanium coal feedstock for approximately 10 years of production at current levels but is being enlarged in view of the rapidly expanding germanium market.

The purchase price will be paid in a series of tranches related to completion of a 45 day final due diligence evaluation by the Company and is tied to various government approvals required for the share transfer. No payment was made on signing the purchase agreement.

Once 60 % of the total purchase cost has been paid to the current HJ owners SEI will assume full operational responsibility for HJ. The previous owners have also indemnified SEI against any and all legal and environmental obligations incurred during their stewardship of HJ.

A final share purchase agreement is to be executed on or before March 31 2008.

DISCUSSION

These agreements represent major progress in the Company's international secondary uranium recovery programs. Additionally Sparton now has the opportunity to become a profitable producer in the rapidly developing germanium market. The purchase of a successful germanium operation with significant scope for expansion and value added technology applications for less than 2 times positive cash flow is an attractive investment opportunity.

The direct investment in the new uranium production operating company YSN by CNNC's subsidiary ARCN, is also significant development in the overall program and demonstrates the Chinese support for Sparton's initiatives in advancing the secondary uranium program to production in PRC.

Due diligence on HJ and further test work on HJ and TH samples are currently underway. Results will be reported when available.

All analyses reported here were done by SGS-CSTC Standards Technical Services Co. Ltd. laboratories in Tianjin China, a member of the international SGS Group.

If leach test results are positive, feasibility studies will be undertaken to evaluate the commercialization of uranium production from these waste ash areas. The initial leaching tests are expected to shortly.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Quelles:http://biz.yahoo.com/ccn/080129/200801290438885001.html?.v=1
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Beitrag26/44, 12.02.08, 17:57:50  | neues Interveiw
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Au der Sparton Homepage gibt es ein neues Interview mit Lee Barker vom 8 Februar.

Wirklich Neues sagt er allerdings nicht. Nur, dass die Kapitalbeschaffung durch die neuen Verträge bei den lokalen chinesischen Autoritäten und chinesischen Banken sehr viel einfacher wird.
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Beitrag25/44, 13.02.08, 18:42:12 
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Hier:
http://www.goldletterint.com/documents/pdf/SPARTON_SPU_Feb08.pdf
gibt es einen Bericht über Sparton. Bin nur drüber geflogen und scheint einen sehr guten Überblick zu geben.
Gefunden hab ich ihn durch Link in den Bullboards,
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Beitrag24/44, 20.02.08, 15:19:16 
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Feb 20, 2008 09:17 ET
Sparton Begins Drilling Program On New Brunswick Copper-Uranium Project
TORONTO, ONTARIO--(Marketwire - Feb. 20, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today that it has begun a drilling program on its 100% owned 'Whiskey' copper - uranium project claim area in central New Brunswick. The program is expected to last approximately 6 weeks and involve 1200-1500 metres of core drilling, which will test 4 to 6 target areas developed from last year's surface exploration program. (See news release dated February 7, 2007).
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Beitrag23/44, 03.03.08, 14:42:41 
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SPARTON RESOURCES INC

Sparton Receives Patent for the Extraction and Recovery of Uranium from Coal Ash in China

3/3/2008

TORONTO, ONTARIO, Mar 03, 2008 (MARKET WIRE via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE: SRI) (the "Company") reported today that its 90% owned China based subsidiary, Beijing Sparton Mineral Resources Investment and Consulting Co. Ltd. has received notification from the State Intellectual Property Bureau of the Peoples Republic of China that it has been granted a Patent for the "Extraction and Recovery of Radioactive Uranium from Coal Ash". The Company will now complete the final registration documents for the Patent and is expected to receive the final Patent Certificate within the next 30 days.

This Patent represents an major milestone in Sparton's ongoing program to begin uranium production from waste ash sources in China. As a crucial development in the secondary uranium recovery program it now means that the Company and its operating partner ARCN, the China National Nuclear Corporation subsidiary, are positioned with commercial protection from competition in uranium production from waste coal ash material in PRC.

NEW JV OPERATING COMPANY

As previously reported (see news release dated January 29, 2008), a new operating company, Yunnan Sparton New Environ-Tech Consulting Co. Ltd. ("YSN") has been formed and is structured as an environmental solutions company which can utilize waste coal ash or other waste industrial material for the extraction of valuable materials including uranium. These activities are now encouraged for foreign investment by the PRC Central Government and are eligible for government and local financial institution funding assistance.

YSN will be responsible for all waste testing, development and production of uranium from waste ash material in Yunnan including the current programs evaluating the Lincang, and Xiaolongtan waste ash deposits.

DISCUSSION

This patent is a unique document and believed to be the first of its kind ever granted to a foreign company in China for the application of a specific application of process engineering technology. It reinforces Sparton's unique position as a pioneer in the utilization of readily available waste material such as coal ash as a source of clean energy fuel for the nuclear power industry.

Sparton and its Directors and strategic partners invite all interested parties to visit the Company Booth Number 2340 in the Investors Exchange, at the PDAC International Convention and Trade Show in the Metro Toronto Convention Centre South Building from March 1-5, 2008 for complete updates on all the Company activities.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

Contacts: Sparton Resources Inc. A. Lee Barker President and CEO (416) 366-3551 or Mobile: (416) 716-5762 (416) 366-7421 (FAX) Email: info@spartonres.ca Sparton Resources Inc. Charles Ge Director +86 10 8559 0034 +86 10 8559 0034 (FAX) Email: Charlesge@vip.163.com Website: www.spartonres.ca

SOURCE: Sparton Resources Inc.

mailto:info@spartonres.ca mailto:Charlesge@vip.163.com http://www.spartonres.ca
Copyright 2008 Market Wire, All rights reserved.
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Beitrag22/44, 18.03.08, 20:08:27 
Antworten mit Zitat
Hab Lee Barker eine Email geschrieben.

Gefragt hatte ich unter anderem ob der Kauf von Hua Jun durch SEI nach Plan verlaufen würde. Ob dies dann das Ende für Sparton als reiner Explorer wäre. Ob eine Notierung an der chinesischen Börse denkbar wäre. Desweiteren wollte ich wissen ob Pre-feasability studies geplant seien.

Seine Antwort auf alle Fragen ist „eigentliches“ Ja (Basically yes). Allerdings sind ausländische Investitionen in China sehr starken Regulierungen unterworfen und aus dem Grund braucht alles seine Zeit. Machbarkeitsstudien werden nach den nächsten Bohrergebnissen in Auftrag gegeben, diese Ergebnisse kommen in einigen Monaten.
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Beitrag21/44, 26.03.08, 14:06:07 
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Mar 26, 2008 09:00 ET
Sparton Reports Encouraging Leach Test Results From Lincang Area Coal Ash
70-90% OF CONTAINED URANIUM RECOVERED


BUSINESS LICENCES RECEIVED FOR OPERATING COMPANIES
TORONTO, ONTARIO--(Marketwire - March 26, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today that initial leaching tests on coal ash from the Lincang germanium area of Yunnan PRC have returned very encouraging results (see news release dated January 3, 2008). Using sulphuric and nitric acid leaching tests, the amount of uranium recovered into solution from small samples of ash taken from the Tianhao waste piles varied from 70-80%. Sparton has an agreement with Tianhao to test and ultimately extract uranium from the Tianhao waste deposits which are estimated to contain over 450,000 tonnes of ash material.

Tianhao is a local company which controls the Lincang area government waste ash produced by other local germanium operations. It reprocesses this waste ash for secondary germanium recovery.

The current test work was done by a local Yunnan laboratory and duplicate samples are currently being tested by the Company process engineering consultants Lyntek Inc of Denver Colorado USA.

Testing Results

Initial ash sample uranium content: 281 ppm U (approximately 0.73 lbs U3O8 per tonne)

Size fraction: 80% minus 100 microns

Recovery with 5% sulphuric acid after 2 hour leach test: 70% of uranium into solution

Recovery with 10% nitric acid after 2 hour leach test: 80% of uranium into solution

Sulphuric acid consumption: approximately 250 Kg per tonne at 5% strength.

Lime content of ash: 3%

Discussion

These results are very encouraging and are considered preliminary in nature. Further work is being done to increase the leaching efficiency and will involve using different acid strengths and also column testing of agglomerated ash to simulate heap leach conditions. The low acid consumption is also considered a positive factor and is consistent with the low lime content of the material. The results are also consistent with historical information on recoveries from this material when uranium was produced from Lincang area waste ash in the 1970's by the Production Bureau of the China National Nuclear Corporation.
The laboratory involved has been in operation for approximately 20 years and is recognized as the leading analytical facility in the area. The results of Lyntek test work currently under way will use similar test methods and expand on these tests based on the results reported here.

Business Licences Received

As indicated in previous new releases Sparton has organized the operating structure for uranium production in Yunnan and at Lincang in an environmental solutions company WOFE (Wholly Owned Foreign Enterprise) and a joint venture company with the ARCN the branch of the China National Nuclear Corporation. Business Licences have now been received for both companies paving the way for completion of the final operating structure to begin uranium production. The rapid issuance of these licences has received the full support or both the Provincial Yunnan and local Lincang are governments who are anxious to see the commencement of the environmental cleanup of radioactive waste material in the area using the Company's patented technology.

Future Plans

Longer term testing work will involve larger samples and samples taken from other parts of the various waste piles in the Lincang area. It is anticipated that advanced bulk sampling and uranium oxide recovery programs leading to a scoping or prefeasibility level report will be the main focus of this work and are expected to be completed by year end 2008. Sparton is very encouraged with these results as they support the historical information indicating that significant amounts of uranium oxide were produced historically from waste ash from the Lincang area.

New results will be reported when available.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.


The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein
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Beitrag20/44, 17.04.08, 15:27:03 
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Apr 17, 2008 09:22 ET
Sparton Signs Final Share Purchase Agreement for Germanium Production in China
TORONTO, ONTARIO--(Marketwire - April 17, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today that it has signed the final Share Purchase Agreement to acquire an 85% share interest in Hua Jun Coal Industry Co. Ltd. ("HJ") a private Yunnan Province PRC based coal and germanium producer. Hua Jun is the second largest germanium concentrate producer in the Lincang area of Yunnan, and also produces locally marketed thermal coal from one of its three operating coal mines in the area. (see Company News Release dated January 29, 2008).

The agreement has been signed between the two private owners of Hua Jun, and Yunnan Blue Bay Semiconductor Technology Co. Ltd. ("YBBS"), Sparton's Wholly Owned Foreign Enterprise (WOFE) registered in Yunnan. YBBS in turn is 100% owned by the Company's wholly owned subsidiary Sparton Energy Inc. ("SEI") which is registered in the British Virgin Islands. The two private individuals who were the original owners of HJ will retain 8% and 7% share ownerships in HJ respectively.

DUE DILIGENCE

During the period between January 29, 2008 and March 31, 2008 Sparton and its legal, financial, and technical staff and consultants completed an extensive due diligence program on this acquisition and received strong support from local Yunnan and Lincang government regulators in relation to the transaction. The Company's proposed program to clean up the radioactive ash waste produced by HJ and the other germanium producers in the Lincang area was a key factor in the rapid progress made in licensing YBBS as an operating company in Yunnan. Further, Yunnan Sparton New Environ-Tech Consulting Co. Ltd. ("YSN") the Joint Venture Company formed with the China National Nuclear Corporation subsidiary has also received its Business Licence. Sparton's positive track record in operating the Luxi Gold Project in Yunnan was a major factor in fast tracking the various government approvals and licences required for these operating companies.

PAYMENT SCHEDULE -TAKEOVER OF OPERATIONS

The payments for the Hua Jun share acquisition will be made in four tranches tied to conditions precedent in the agreement that are related to various government agency approvals for the new HJ owner structure, the transfer of labour contracts to HJ, and local approvals for environmental and safety considerations. Once 60 % of the full agreed purchase price of 22 million RMB (approximately $C1.9 million) has been paid, YBBS will be in full control of the operations. Appropriate new experienced technical and administrative staff have been sourced for HJ. It is anticipated that YBBS will be fully in charge of HJ by mid August 2008. The minority HJ owners will maintain close involvement in operations during the transition period and YBBS will have its own mining, financial, and processing specialists directly involved in day to day operations during that time.

GOING FORWARD

The HJ operations continue to be highly profitable. Since Sparton signed the initial share acquisition agreement the price for germanium metal has increased from about $ USD1250 per Kg to over $USD1400 per Kg and demand continues to grow.

Based on the financial records for the past 5 months of operations HJ has been producing approximately 275 kg per month of germanium concentrate valued at 1.6 million RMB ($C228,000) In addition, it produces and sells thermal coal valued at approximately 330,000 RMB ($C47,300) per month.
Operating profits after all operating costs have varied from $ C 110-130,000 per month and over $C70,000 in new capital has been invested for new processing equipment. Sparton's consultants have reviewed the operations and are preparing recommendations to upgrade the efficiency of both the mining and germanium production activities. The Company believes that the operations can be upgraded to significantly increase financial performance in the future.

URANIUM RECOVERY PROGRAM FROM LINCANG AREA WASTE ASH

Initial positive leach test results on Lincang area waste ash were reported earlier. (see Company news release dated March 26, 2008). Testing continues both in China and North America. Sparton's process engineering consultants Lyntek Inc. are currently designing a bulk testing plant and flow sheet that will leach test a minimum of 500 tonnes of Lincang ash later this year. Local permitting and project proposal applications are underway in Yunnan for this work and the units will be constructed locally to Lyntek's design specifications. This program is receiving strong support from the local Yunnan environmental agencies.

DISCUSSION

Sparton now is well on the way to becoming a profitable producer in the rapidly developing germanium market. The purchase of HJ, which already is a successful germanium operation with significant scope for expansion and value added technology is expected to lead to other germanium related transactions to create added value for the Company.

The advancement of the uranium cleanup program beginning in Lincang and direct investment by China's National Nuclear corporation subsidiary once again demonstrates the Chinese support for Sparton's initiatives in advancing the secondary uranium program to production in PRC.

New results and developments will be reported when available.

Sparton's international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.


The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.
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Beitrag19/44, 10.09.08, 13:35:12  | Artikel
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September 09, 2008
Sparton Resources Makes A Shrewd Move In Looking To Hong Kong To Finance Its Uranium And Germanium Projects In China

By Charles Wyatt

At the beginning of this year, Canadian-listed Sparton Resources signed three agreements which, taken together, should provide the initial structure to allow it to develop into a uranium producer in China. The agreements also set the company up as a producer of germanium. It is no easy task to agree a deal in China, let alone three, so chief executive Lee Barker has clearly shown a lot of patience and persistence. When we last wrote about the company, it had been carrying out tests on the recovery of uranium from coal ash with a branch of the China National Nuclear Corporation (CNNC). These tests went well, and have resulted in the establishment of a new Sino-foreign joint which aims to produce uranium from waste material and coal ash in Yunnan Province. Specifically, the new joint venture company has the rights to carry out this work on a large coal ash waste pile in the Lincang area.

This company is to be called the Yunnan Sparton New Environ-Tech Consulting Co Ltd – get your memory round that one! – and its operations are actively endorsed by the Chinese government, so funding from government and local financial institutions should be available. The partners are a subsidiary of Sparton called Sparton Energy, the Remote Sensing branch of CNNC, and local Sparton partner, Beijing John Hanseng Investment Consulting Co. Sparton will have an initial 60 per cent interest in the joint venture, although that could be boosted to 90 per cent if the others do not contribute further funds when required.

Uranium was Sparton’s original target, but germanium was added along the way, and Lee Barker is clearly very bullish about it. In 2006, only 100 tonnes of germanium were produced throughout the world so its price is simply sustained by the predominance of demand over supply. Over the past year the price of 99.99% germanium fob-China has risen from US$1,200 per pound to US$1,600 per pound, and the experts see no sign of a retreat from these levels. In recent years the uses to which germanium is put have multiplied. It’s now to be found as a semi-conductor, in fibre optics communication networks, in infrared night vision systems, and in polymerization catalysts. And for some time it’s been known that germanium is present in the fly ash that comes out of coal-fired power stations.

A couple of deals had to be put in place to get production underway. The first was with Tianhao Group, a private germanium-producing company in Lincang. The waste ash is controlled by the government so that it doesn’t get into the wrong hands, and Tianhao has exclusive rights to reprocess the material. Tianhao will get either a processing fee or a royalty on any uranium production that comes from the waste, which grades around 0.64 pounds per tonne U3O8. The main waste area is said to contain 350,000 tonnes. Tianhao is already producing between 60 tonnes and 80 tonnes per day of new uranium-bearing waste of a similar grade, so the joint venture partners will be able to get moving on ash similar to that which has been used historically to produce uranium in the Lincang area.

The second deal involves Sparton Energy buying an 85 per cent interest in Linjiang 306 Hua Jun Coal Co Ltd Lincang City, for a total of C$3.06 million. This is a Chinese company owned by two local businessmen who will retain a 15 per cent interest between them. Its assets include infrastructure and mining licences covering three coal mines producing thermal and germanium coal feedstock. It also owns a100,000 tonne ash waste pile with a grade averaging 0.4 pounds per tonne uranium. Linjiang is the second largest germanium concentrate producer in the Lincang area and is producing approximately 3,500 kilogrammes of germanium concentrate a year, which netted the company C$153,000 a month in the third quarter of 2007, and that was when the price was lower than it is now. The price being paid is less than two times positive cash flow so this looks like a good deal, especially as there is enough germanium coal feedstock to last for at least another 10 years.

The present situation is that Sparton is raising US$10 million by way of convertible debentures and this will be used to fund the purchase of Hua Jun and to construct a pilot plant and uranium extraction testing facility. The balance will fund construction of a commercial uranium extraction plant for Lincang coal ash. Here again Lee Barker has shown that he understands how best to further projects in China. Sparton may be listed in Canada, but he has mandated Quam Limited of Hong Kong to raise the money. Quam is a powerful financial group with strong links into China, and has been advising Sparton during the last two years over which these deals were negotiated. The convertible carries a 10 per cent coupon and will be converted into a 35 per cent stake in Sparton Energy which should have listed by the time the convertible matures at the end of September 2011. At the end of last week Lee Barker reported that nearly 90 per cent of the money had been raised.

Lest it appears that Sparton is a one-trick pony it should be pointed out that part of the security for the debenture is its six per cent working interest in the Chebucto gas field offshore Nova Scotia. Sparton also has a royalty on the Blizzard uranium project in British Columbia, gold projects in China and Nevada, a silver- goldj oint venture in Mexico and a uranium-gold project in New Brunswick. Last month Sparton reported that it had identified a new zone of mineralization at the last of these projects, where preliminary grab and chip sampling results have returned significant values in copper, silver, and molybdenum. International Northair Mines, Sparton’s partner in Mexico, has also just announced an intersection of 34.8 metres grading 192 grammes per tonne silver from trenching. It is doubtful if any of this is given value in the present market capitalisation, but these projects will be the core of the company after Sparton Energy lists.

Quelle:
Der Artikel steht in den Bullboards und hier:
http://www.minesite.com/nc/minews/s....nium-and-germanium-p.html (um ihn lesen zu können muss man sich allerdings registrieren)
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Beitrag18/44, 06.07.09, 14:37:39 
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Jul 06, 2009 08:30 ET

Sparton Signs Letter of Intent for C$1.7 Million Financing; Richard D. Williams Joins Sparton Board of Directors; New Incentive Options Granted

TORONTO, ONTARIO--(Marketwire - July 6, 2009) -

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") is pleased to announce that its subsidiary, Sparton Energy Inc. ("SEI") has executed a Letter Of Intent (LOI) with a private investor, where under the investor will purchase a debenture in SEI in the sum of C$1.7 million (the "Transaction"). The proceeds of the debenture will be used to complete SEI's acquisition of an initial 51% share interest in Linxing 306 Huajun Coal Co. Ltd. Lincang City (" Huajun "), which owns the profitable Huajun coal and germanium producing operations in Yunnan, China. This will result in SEI taking over control of the operations and the cash flow at Huajun, which latter is currently estimated to be approximately USD$50,000 per month based on recent concentrate sales. SEI has completed the sourcing of experienced technical and financial staff to effect transition of the operational and management changes.

Under the non binding terms of the LOI, the investor will receive monthly revenue from the Huajun operations. As investor repayment options, SEI or the investor may elect, at or 30 days prior to debenture maturity, to have the principal of the debenture plus a 25% premium paid in cash, or to have the principal of the debenture converted into shares of SEI at a 50% premium in value, if SEI is in the process of becoming a publicly listed entity. In the event that neither of these alternatives is chosen, the investor may elect to hold a direct 34% share interest in Huajun.

The debenture will mature 21 months from closing the Transaction and is subject to all applicable third party and regulatory approvals and such other terms as are customary and mutually agreed to between SEI and the investor, according to definitive documentation related thereto. The anticipated closing date of the Transaction is July 15, 2009.

Closing of the Transaction is subject to various conditions precedent, including receipt of all required regulatory, corporate and third party approvals.

RICHARD D. WILLIAMS JOINS SPARTON BOARD

The Company welcomes Richard D. Williams to Sparton's Board of Directors, effective his election at the Company Annual and Special Meeting held on June 25, 2009. Mr. Williams is a senior level mining executive with broad, in-depth experience in international and corporate and commercial affairs and securities law. A multilingual member of the Law Society of Upper Canada, he is an active director of several public resource companies and has been involved in successful development, financing and administration of a number of junior issuers. Sparton will benefit from his experience and connections in the industry.


NEW INCENTIVE OPTIONS GRANTED

Pursuant to receiving shareholder approval of the Company Stock Option Plan at the June 25, 2009 Annual and Special Meeting of Shareholders, incentive options to purchase a total of 885,000 common shares of the Company have been granted to Directors, Officers and Consultants of the Company on July 3, 2009. The options are exercisable at $0.10 and will expire on July 3, 2014.

Sparton's international exploration, development, and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.
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Beitrag17/44, 20.07.09, 15:36:36 
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Jul 20, 2009 09:32 ET
Sparton Options Strategic Gold Properties in Northern Ontario Initial Sampling Returns Values up to 48 G/T Gold

TORONTO, ONTARIO--(Marketwire - July 20, 2009) -

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that it has executed option agreements with a group of independent prospectors (the "Vendors") for two large claim groups located in northern Ontario. These represent a total of 437 claim units covering over 6800 hectares of favourable structural zones, new and historic gold showings and drill targets. Known as the West Hammond Contact ("WHC") and Clement Lake ("CL") properties, they are located contiguous to the large claim holdings of Brett Resources Inc. ("Brett"), approximately 25 km. north of the town of Atikokan.

Recent Brett news releases have reported that the Hammond Reef deposit, located on its property contains an inferred resource (NI 43-101 compliant) of 4.8 million ounces of gold, (141.5 million tonnes at 1.05 grams per tonne Au).

OPTION TERMS

Under the terms of the option agreements Sparton will earn a 100% interest in the claims by making total cash payments of $500,000 ($65,000 on signing) and issuing 1.5 million common shares ( 335,000 on signing) to the vendors over a 4 year period. Once fully vested, each of the properties will be subject to payment of a 2% net smelter return production royalty ("NSR"). One half of this NSR may be purchased at any time after completion of a feasibility study on either property for the sums of $1,750,000 on the WHC claims and, $1,500,000 on the CL claims respectively. After the end of the fourth year, if Sparton has fully vested its interest in either or both of the properties, the WHC and CL claims will be subject to advance annual royalty payments of $60,000 and $40,000 respectively.

SPARTON PROGRAM

Prior to entering into these agreements Company staff and consultants conducted a due diligence program including field examinations, sampling, and a review of available information for the Brett Hammond Reef Deposit. Several exciting new showings located by the Vendors on the optioned claims were also examined and sampled.

The Hammond Reef style of mineralization is somewhat unique and mostly unrecognized in the Canadian Shield. Hosted in granitic rocks of the Marmion Batholith, and lower in average grade than more common vein type gold deposits found in traditional mining camps, Hammond style mineralization is continuous, uniform, occurs in wide structural zones and is amenable to low cost bulk mining and processing. The Brett Hammond Reef deposit appears to be open to expansion in all directions. For example, drilling information on the Brett Website has reported an intersection of 1.02 g/t gold over 267 metres in drill hole BR-65. Surface alteration is subtle and overall sulphide content is less than 1% making this type of mineralization a difficult prospecting target. Hammond Reef was only recognized as a large, potentially bulk mineable deposit in the early 1980s and its true size potential was not fully defined by drilling at that time due to low gold prices.

There are numerous known historic gold occurrences that were developed in the area prior to, and in the early 1900's. These tended to follow high grade but small and discontinuous quartz vein systems associated with silicified shear zones in the granites and lower grade mineralization marginal to the veins was of no interest.

HWC CLAIMS

The West Hammond Contact claim group (287 units) is contiguous to, and west of the Hammond Reef deposit. It covers a 20km long contact between the Marmion Batholith and the Finlayson Volcanic Belt. This contact zone is altered and sheared and limited surface prospecting has located at least three new showings with Hammond style mineralization, and there are two known historical gold zones located on the claims. The newly discovered Stubby, Broken Bottle, and D2008 zones (located along a 12 km length of the contact) were sampled by company staff and local prospectors. Stubby is a northeast trending zone hosted in sheared and carbonate altered granite with a stockwork of narrow quartz veins. It is exposed for a 100 metre strike length, and is at least 15 metres wide.

Eight grab samples of typical Stubby mineralization taken by Sparton staff and analysed by ALS Chemex returned values ranging from 0.31 g/t gold to 9.81 g/t gold. Two selected samples of Stubby vein material containing visible gold gave analyses of 28 and 48 g/t gold respectively. Mineralization and alteration seen and sampled at Stubby is very similar to that seen in the Hammond Reef deposit exposures. A second showing in sheared altered granite and along strike from Stubby known as the Broken Bottle zone was also sampled and results are pending. The D2008 zone near the granite - volcanic contact contains sheared and altered volcanic material with disseminated pyrite. Assays of several grab samples returned results of up to 3.0 g/t gold. With additional surface work Stubby certainly will become an excellent drill target. All of the other known zones will be subjected to stripping and more detailed sampling and a comprehensive surface prospecting program is planned for the claims. The historical Burrill and Burrex zones will also be thoroughly evaluated in this work.


CL PROPERTY

The 150 unit Clement Lake claim group is located southeast, and contiguous to the Brett claim group. It is completely underlain by granitic rocks of the Marmion Batholith. Satellite image analysis indicates that the claim area covers several northeast trending structural linear features similar to the one hosting the Hammond Reef deposit. There has been little or no historical prospecting done in this area for Hammond style gold mineralization. The claims are accessible and a detailed prospecting program will begin in August, 2009.

It is also expected that once initial detailed mapping and sampling are completed on the WHC block that a drill program will be undertaken late in 2009. The Company believes that the unique Hammond style of gold mineralization represents a new and important exploration target in the huge, completely under explored areas of granitic rocks in the Canadian Shield.

Sparton's international exploration, development, and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to exploration and development, the environment, local and foreign government regulation, currency fluctuation infrastructure, capital markets and additional funding requirements and the departure of key executives as well as those factors discussed in the Company's documents filed on SEDAR (www.sedar.com).

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on Sparton Resources Inc. is available at www.sedar.com.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Beitrag16/44, 28.07.09, 15:29:09 
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Sparton Announces $1.7 Million Financing and Acquisition of Majority Interest in Profitable Coal/Germanium/Uranium Opportunity
SPARTON RESOURCES INC SRI
7/28/2009 9:00:09 AM
TORONTO, ONTARIO, Jul 28, 2009 (Marketwire via COMTEX News Network) --

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") is pleased to announce that its wholly-owned subsidiary, Sparton Energy Inc. ("SEI") has completed a $1.7 million financing provided by an arm's length third party (the "Lender") by way of a loan (the "Loan"). The proceeds of the Loan will be used to complete the acquisition of a further 34% share interest in Linxing 306 Huajun Coal Co. Ltd. Lincang City ("Huajun"), which owns the Huajun coal and germanium producing operations in Yunnan, China. This will result in SEI taking over control of the operations and cash flow at Huajun. SEI has completed the sourcing of experienced technical and financial staff to effect a smooth transition of the operational and management changes.

The Loan is for a principal amount of $1.7 million evidenced by a debenture and will carry interest at 17.6% annually payable on a quarterly basis for 18 months and is repayable on or before maturity on April 23, 2011. The Loan will be repaid out of the proceeds from a future financing.

The Loan can be prepaid at any time prior to 30 days of maturity without penalty. Within 30 days prior to maturity, the parties can each elect for the repayment of the principal in full plus $425,000 in cash. In the event no such election is made, the Lender can elect to require transfer of SEI's 34% interest Huajun acquired with the proceeds of the Loan in full satisfaction of the amounts owing under the Loan. In addition, if at any time the board of directors of SEI formally authorizes a going public transaction of SEI and so long as none of the elections described above has been made, the Lender shall have the right to convert the debt owed under the Loan in the capital of SEI in an amount equal to 150% of the then outstanding principal amount on the Loan, subject to all applicable regulatory approval.

SEI, the Company and another subsidiary of the Company are providing security for the Loan in the form of a guarantee backed by the Huajun shares, SEI's interest in its equipment, inventory and intangible assets and certain other assets of the Company.

Quam Limited has agreed to extend the repayment date of the US$2 million bridge loan made to SEI to April 23, 2011, provided that the US$500,000 be repaid by September 30, 2009.
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Beitrag15/44, 29.08.09, 11:20:59  | SPARTON AND NUCOAL SIGN AGREEMENT TO EVALUATE NUCOAL'S SASKA
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SPARTON AND NUCOAL SIGN AGREEMENT TO EVALUATE NUCOAL'S SASKATCHEWAN COAL HOLDINGS FOR GERMANIUM AND URANIUM


Sparton Resources Inc. (SRI:TSX-V) ("Sparton") and NuCoal Energy Corporation ("NuCoal") a private Saskatchewan based energy company, (collectively the "Companies") announced today that they have executed a Memorandum of Understanding ("MOU") wherein Sparton and NuCoal will jointly evaluate the potential of NuCoal's lignitic coal holdings in Saskatchewan to host commercial germanium and uranium mineralization. In addition the program will also test the feasibility of recovering valuable metals from residue material produced by the coal to liquids ("CTL") program being developed by NuCoal in this area.
NuCoal presently controls over 1.8 million hectares (4 million acres) of mineral leases and claims in southern and central Saskatchewan with historical resources (non NI 43-101 compliant) exceeding 6 billion tonnes of coal. These resources are based on a database of over 4,600 drill holes on the NuCoal properties and are currently being updated to NI 43-101 standards by NuCoal's independent consultants.


AGREEMENT TERMS

The MOU sets out the general terms and conditions under which Sparton and NuCoal would work together in a co-operative fashion to evaluate the potential for uranium or other metals recovery from the waste products generated by NuCoal's proposed coal-to-liquids ("CTL") production facility in Saskatchewan and also to evaluate the potential for primary uranium and germanium mineralization in certain of NuCoal's coal and other mineral title holdings.

The evaluation program will be conducted in stages as a 50:50 joint venture between the Companies. The work will have an initial Phase 1 budget of $250,000 to be shared equally by NuCoal and Sparton over a one year period. Depending on technical results the program may be extended by mutual agreement.

EVALUATION PROGRAM

The initial joint program will involve a thorough investigation of all the available data for NuCoal's extensive coal and mineral holdings, including the 4,600 drill hole historical data base. Drill logs and various types of electrical and radiometric logs are available for most of these holes. As well there are many samples archived by the Saskatchewan Department of Mines and Energy that may be re-sampled and analyzed. The southern part of NuCoal's land holdings cover parts of the vast Ravenscrag coal basin where extensive lignite deposits are being mined and used in thermal electrical power generation in Saskatchewan and the neighbouring states of North Dakota and Montana. Parts of this coal basin are known to contain coals with high amounts of uranium and germanium and these have been used historically for uranium production. Available records indicate that as much as 3 million pounds of uranium oxide were produced from burning high uranium lignitic coals in the late 1960's and early 1970's in North Dakota alone.

NUMEROUS URANIUM OCCURRENCES

An initial review of Saskatchewan government geological data and mineral occurrences for the NuCoal properties has indicated that there are over 50 documented uranium showings with analyses equal to or exceeding 0.03% U308. These occur both in lignitic coal itself and in the sedimentary host rocks of the Ravenscrag Formation. Some of the occurrences are documented from samples taken in drill holes and some from surface sampling. The highest recorded value is 0.22% U308. Various companies conducted uranium exploration programs in parts of the area in the late 1970's and left many targets untested when the uranium market collapsed shortly thereafter. All know occurrences will be visited and re-evaluated with new sampling and mapping. There are no records of significant amounts of recent uranium exploration in these areas. In addition to hosting uraniferous or germanium bearing coals, Sparton and NuCoal believe the lease areas also have the significant potential to host sandstone type uranium deposits which could be developed by non invasive in situ leach techniques. The joint technical program also will conduct a comprehensive evaluation of these opportunities.


GERMANIUM

There is at least one germanium occurrence known in the NuCoal area but the database has very sparse analytical data for this metal. Pacmag Metals, an Australian based company is focussing on evaluating a large shallow depth lignite area of potentially commercial uranium -germanium-molybdenum mineralization in North Dakota, to the south of some of the NuCoal holdings. The Pacmag Sentinel project lignites are hosted in the same Ravenscrag formation as the NuCoal Saskatchewan deposits and were part of the historic uranium production area from lignite by four separate operations in the late 1960's. Based on analytical and metallurgical data from nearly 300 drill holes, Pacmag is expected to report a resource for the Sentinel Project in the third quarter of 2009. The analytical database for germanium and other metals in the joint NuCoal- Sparton area will be updated with new analyses of archived samples or a new field sampling program to establish the potential for commercial germanium mineralization.

COAL TO LIQUIDS RESIDUES

NuCoal's main program to produce liquid hydrocarbon products from pyrolysis treatment of the lignitic coals will produce significant amounts of residue which are expected to contain significant quantities of metals. The quantities are dependent on the amounts of metal contained in the coal feedstock. The joint Sparton NuCoal program will undertake testing of the residues produced by NuCoal's CTL work for the recovery of valuable metals including uranium and germanium.

ABOUT NUCOAL ENERGY

NuCoal is a private company managed and supported by an experienced team of business and technical professionals familiar with the hydrocarbon energy industry. Since early 2008 the company has focussed on the acquisition of extensive lignitic coal deposits in Saskatchewan and the development of a major CTL project proposal with several key strategic partners. The company is committed to a long term program to convert its huge lignite holdings into liquid products such as gasoline and methanol, as well as industrial nitrogen, hydrogen, and carbon dioxide. All of these can be marketed locally or internationally for fuel, petrochemical, fertilizer, or various other clean energy applications.

NuCoal currently has strategic agreements with Sherritt International, Saskatchewan's largest coal; producer; Hatch Energy a major international engineering organization, and the North Rim Explorations and Smart Science Solutions consulting groups. This latter team is currently generating an NI 43-101 compliant coal resource estimate for the various NuCoal properties.

As well, the company is in the advanced stages of negotiating an agreement with Sinopec, China's 2nd largest energy company, to provide contracted services for the final design, construction and commissioning of its first CTL operation in Saskatchewan. Sinopec is fully familiar with all aspects of CTL operations and distributes the production of coal liquids from the Shenhua Group CTL operations in Inner Mongolia PRC. This is currently one of the world's largest coal liquids producers with a capacity of 1 million tonnes of liquids per year.

The exploration, development, and evaluation programs for this project will be carried out under the direct supervision of A. Lee Barker, P. Eng., P. Geol., Sparton's President and CEO, and Rod. Oglivy, P. Geol., Nucoal's Vice President Operations both of whom are Qualified Persons under National Instrument 43-101.

For more information contact:
SPARTON
A. Lee Barker, President and CEO
Tel.:416-366-3551
Mobile:416-716-5762
Fax:416-366-7421
E-mail:info@spartonres.ca

NUCOAL
Alan Cruickshank, President and CEO
Tel.: int'l+1-306-651-5191
Mobile:+1-306-341-3258
Fax:+1-306-651-5196
E-mail: alan@nucoalenergy.ca
Company website: www.nucoalenergy.ca

SPARTON RESOURCES INC.
Listed:TSX Venture Exchange
Trading Symbol: SRI
Starr mich nicht so an, ich bin auch nur eine Signatur.

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