Located within the Carswell geological complex, 7km east of the Cluff Lake Mine which produced 62Mlb U3O8at an average grade of 0.92% U3O8 and also 2.5km northeast of the Shea Creek uranium deposit.
Potential for the two main styles of high-grade uranium deposits that occur in the Athabasca Basin; Basement-hosted and Unconformity-type deposits
The nearby Cluff Lake mine is a mainly basement hosted deposit comprised of four open pits and two underground mines
Multiple uranium targets identified following compilation of public geophysical and geological data
Historical data review highlighted by surface geochemical anomalies with up to 0.15% U3O8
Several targets identified in close proximity to the sub-Athabasca unconformity
Airborne gravity gradiometry (AGG) survey across 80% of the project area recently completed with interpretation underway
2,755 line kms were flown in the survey, at a line spacing of 200m – the first modern airborne gravity survey completed over the project area.
The AGG data will help delineate geology and structure that are potentially important in the formation of a uranium deposit. Gravity anomalies can provide direct detection of the hydrothermal alteration associated with a uranium deposit. Hydrothermally altered (de-silicified) rocks have a lower density then the unaltered host rocks and can therefore be identified as gravity lows
Follow-up on-ground reconnaissance of gravity and historical targets commenced in the September quarter.
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