Santoy Resources Ltd. TSXV-SAN


Symbol: TSX-V: VAE
Last: $0.18
Day High: $0.18
Day Low: $0.18
Volume: 600
Change: +0.01
Date: 01-27-2012
Time: 13:53
15-20 min delay
Trading in Canadian $





22-Jan-12



22-Jan-12
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19-Dec-11
16-Dec-11



Virginia Energy Resources Inc. (TSX.V: VAE) is focused on the exploration and development of uranium projects in North America. The Company is well financed and hold interests in advanced through early stage projects in Virginia, Saskatchewan, Quebec and Labrador. The Company explores on its own account and in joint venture with industry partners. The JV approach is a reflection of the high risk involved in exploration ventures, and is used as a method of increasing our exposure to discoveries while committing less funding. Virginia Energy is committed to grow shareholder value through investment in world-class projects in stable geopolitical regions.

On July 21, 2009, Virginia Uranium Ltd. merged with Santoy Resources Ltd. to form Virginia Energy Resources Inc (VAE). The management team behind the new company is comprised of highly experienced technical and financial professionals with a history of success in the discovery, development and operation of gold and uranium mines in North America, including the Eskay Creek, Snip and Brewery Creek gold mines in British Columbia and several uranium producers in Saskatchewan and the western USA.

Virginia's most important asset is an approximate 30% stake in the giant Coles Hill, Virginia uranium deposit. Through a first right of refusal on future financings, Virginia has the option to increase this investment as the project advances. As a major shareholder of TSX-listed Boss Power Corporation, Virginia also holds a 37% interest in the high-grade Blizzard uranium deposit in British Columbia. This asset has been damaged through a ban on uranium mining imposed by the Government of British Columbia, and Boss is seeking compensation for damages through a court action.

The Company's most important and active exploration projects are its uranium properties in the Otish Basin of Quebec, and its Murphy Lake and Hatchet Lake uranium properties in the Athabasca basin which are held in a 50-50 Joint Venture with Denison Mines Ltd.


Jan 20, 2012: Virginia Governor Directs the State Regulatory Age... (more...)
Dec 19, 2011: National Academy of Sciences Study 'road map' for ... (more...)
Dec 16, 2011: National Academy of Sciences Study on Uranium Mini... (more...)











Walter Coles, CEO of Virginia Energy Resources(TSX.V: VAE), is interviewed at the HiAlpha Mining Investment Conference November 29th, 2011.
Virginia Energy Resources Inc. TSXV-VAE