North Millennium

Basement conductor trend is an interpreted extension of the Mother fault hosting the Millennium Deposit.


  • 58km2 of prospective ground in the southeast corner of the richly endowed Athabasca Basin.
  • Located 40km southwest of Cameco’s flagship McArthur River Mine (674.9 Mlbs U3O8 @ 16.9%)* and 7km immediately north of the Cameco’s Millennium deposit (104.8 Mlbs U3O8 @ 3.76%).*


  • Conductors mapped with UTEM extend from the adjacent McTavish property historically intersected 0.12% U3O8 in drilling associated with Ni, Co, Cu, and Zn.

Main Features

  • Presence of a basement conductor trend disrupted by the interpreted extension of the Millennium deposit Mother Fault 
  • Drill hole on neighboring property intersected uranium mineralisation 
  • Recently identified two high priority uranium targets along a 5km conductor corridor outlined by coincident magnetic breaks and electromagnetic conductor disruption

Exploration Plan

Months 1 to 9

  • Historical data compilation and program planning
  • 3D inversion of existing airborne ZTEM data
  • Targeted Ground geophysics
    • Stepwise Moving Loop Time Domain Electromagnetics
  • Target generation, definition, and prioritisation
    • DCIP Resistivity Program   

Months 9 to 18 

  • Diamond drilling program (+4,500m)

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

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