Geikie
Drilling identified anomalous uranium within a structured alteration system comparable to multiple world-class, basement-hosted uranium deposits of the Athabasca Basin.
Overview
Target Type
Basement hosted unconformity related Athabasca style uranium mineralisation.
Ownership
60% – Option agreement in place with CanAlaska (TSXV:CVV) for Basin to earn up to 80%
Location
Located 7 km from the present-day eastern edge of the Athabasca Basin. Project is adjacent to Atha Energy’s GMZ discovery (TSXV:SASK), and Baselode Energy’s ACKIO discovery (TSXV:FIND).
Landholding
373.1 km2
Highlights
Since IPO, Basin has conducted 3831 line-kilometres of airborne magnetics and radiometrics, 1490 line-kilometres of airborne electromagnetics, 1838 line-kilometres of airborne gravity, and over 4500 metres of drilling at Geikie.
Drilling highlighted an area of extensive alteration along a complex fault zone with uranium anomalism detected at the Preston Creek prospect. Drill core observations showed all the key ingredients required for the formation of high-grade basement-hosted uranium mineralisation and suggest that the previously identified gravity low in the Preston Creek target area is related to a broad hydrothermal fluid system. The current drill spacing in the southern portion of the Preston Creek prospect is between 80 to 115 metres with only one drillhole fully testing the gravity anomaly correlated to the pervasive alteration intersected in GKI-014 and GKI-016. An additional 1.5 km of prospective strike length of gravity anomalism remains untested to the northeast extending into the newly staked claims.
Further drilling is required at the Preston Creek prospect and at a project-scale to continue testing gravity low anomalies in zones of structural complexity.
Best uranium intercepts to date:
- Highest grade was 0.27% U3O8 over 0.5 m at Aero Lake
- 263 ppm over 9 m at Preston Creek
Technical Maps
