ASX :

Strong magnetic and conductive structure interpreted as a significant unconformity-type uranium target.

Tenure

  • 112km2 landholding located 11km west of the Millennium Deposit in the southeast corner of the Athabasca Basin.

History

  • Between 1979 and 2009 soil geochemistry, airborne mag, EM surveys, and ground geophysics surveys have been completed 
  • Centred on a magnetic basin-like feature outlined by historical airborne and ground geophysics.

Main Features

  • The magnetic basin is interpreted as metasedimentary basin with a graphitic conductor at its base 
  • A NE-SW magnetic and conductive structure crosses the centre of the basin and presents the main target for the property.

Exploration Plan

Months 1 to 9

  • Historical data compilation and program planning
  • Targeted Ground geophysics
    • Stepwise moving loop time domain electromagnetics
    • Consider resistivity 
  • Target generation, definition, and prioritisation

Months 9 to 18 

  • Diamond drilling (+2,700m)

* * IAEA Technichal document 1857, Unconformity-related uranium deposits

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