Surprise Creek

Overview

Comprises four contiguous claims covering an area of 3,470 hectares (34.7km2).

Located around 25km northwest of Uranium City in Northern Saskatchewan and approximately 30km northwest of the Beaverlodge uranium district which contains the historical uranium mines of Gunnar, Eldorado (Ace-Fay-Verna) and many others.
The Surprise Creek Project is located in the Archean Zemlak Domain within the Rae Province, northwest of the Athabasca Basin and directly abuts the Beaverlodge Domain which hosts many of the district’s uranium deposits.
Most of the uranium deposits of the Beaverlodge Uranium district are classed as structurally controlled vein type, which is considered a sub-type of the basement-hosted unconformity-related uranium deposits

A detailed review of historical exploration data from Surprise Creek has been completed by Valor which has highlighted the following:

Historical drilling on the Surprise Creek Fault target returned 2.1m @ 4.37% U₃O₈ from 57m (VT20) including 0.9m @ 7.5% U₃O₈
Other significant historical drilling results at Surprise Creek Fault target include 1.5m @ 0.1% U₃O₈ (VT13), 0.43m @ 0.49% U₃O₈ (VT05) and 0.15m @ 0.83% U₃O₈ (VT02)
Surprise Creek Fault target comprises a uranium geochemical anomaly (>25ppm U) in soils over 500m in strike length and including rock chips up to 6.37% U₃O₈, associated with a north-northwest striking fault system
Uranium soil geochemical anomaly was partially drill tested and remains open in several directions

The historical data review also highlighted significant copper targets in the southwest of the project area, including:

soil and rock chip anomalies (>150ppm Cu) over a strike length of 1.5km and open to the north and south
Copper target areas include several rock chip samples >0.25% Cu, up to 5.9% Cu and soil samples up to 3,300ppm Cu
No modern exploration has been completed for uranium or copper in the project area for over 20 years

Recent fieldwork completed by Valor located surface uranium mineralisation at several locations within the Surprise Creek Fault and Plug Lake areas
Surface copper mineralisation observed in several locations with semi-massive chalcocite mineralisation recorded within a 350m long quartz vein
On-ground follow-up of copper and uranium mineralisation planned for October 2022