At a regional scale, the xenotime mineralisation at Beatty River occurs in a geological setting analogous to the ‘HURREE’ deposits at Northern Minerals’ (ASX:NTU) Browns Range Project in Northern Australia and the Maw Zone in the eastern Athabasca Basin. The Maw Zone is a xenotime deposit hosted in brecciated sandstone (Athabasca Group) above the regional unconformity, and is associated with silica, hematite and tourmaline alteration.
Valor’s exploration program will target faults and structures that potentially transect the regional unconformity and act as conduits for mineralising fluids. Deposits of the HURREE-style can have a small areal footprint (<200m) which may require detailed geological mapping and close-spaced drilling.
The initial field program will be to confirm the xenotime mineralisation at Area 10 and other REE occurrences within the claims, along with geological mapping, ground radiometrics and systematic sampling.
1 TREO = Total Rare Earth Oxides = Total of La2O3, CeO2, Pr6O11, Nd2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Lu2O3, Y2O3(Does not include Sm2O3 and Yb2O3 – GWMG did not consistently assay for these elements)
2 Saskatchewan Mineral Deposit Index SMDI 2141, 5627, 2142
3 TREO– Total of La2O3, CeO2, Pr6O11, Nd2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Sm2O3, Yb2O3, Y2O3 (Does not include Tm2O3and Lu2O3 – Mega Uranium did not assay for these elements) (converted to oxides for this report).
4 TREO = Total Rare Earth Oxides = Total of La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Lu2O3, Yb2O3, Y2O3
5 HREO % = Heavy Rare Earth Oxides % – Total of Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 as a percentage of TREO