North Millennium

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

Tenure

• 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%).*

History

• 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