- A significant land package of 21,949 hectares which overlies the highly prospective regional Cable Bay fault corridor, located in a stable and leading jurisdiction for uranium exploration and mining;
- Estimated total value of the historical exploration work is in excess of $20M US including over 21,000 meters of diamond drilling, geophysical surveying and surficial sampling data;
- Anomalous uranium values have been intersected on the property, highlighted by drill holes ND0801 (707 ppm Upartial over 0.25 m) and ND0807 (426 ppm Upartial over 0.40 m);
- Current work includes digital compilation, core review, and geological modelling to drive a future reconnaissance scale exploration program.
In the summer of 2018, the project team was on site to review the historical drill core and secured the core storage facility. Work is anticipated to start in 2019 with regional reconnaissance work.
The Diabase Project is a large, early-stage exploration project 75 km west of Cameco’s Key Lake mill on the southern rim of Saskatchewan’s Athabasca Basin uranium district. The project covers 21,949 hectares in ten claim blocks. Exploration is focused on testing the Cable Bay fault corridor, interpreted to represent a suture zone between the Archean Mudjatik and Virgin River domains within the Trans-Hudson orogeny. Historical work started in the late 1970’s, with the first major programs completed by the Saskatchewan Mineral Development Corporation in 1979 and the last major program completed by NUINSCO Resources Inc. in 2011. Project work completed to date includes 67 diamond drill holes, regional electromagnetic, magnetic and gravity geophysical surveys, and surficial geochemistry. Anomalous uranium values have been intersected on the property, primarily associated with an area intruded by a late diabase dyke, highlighted by drill holes ND0801 (707 ppm Upartial over 0.25 m) and ND0807 (426 ppm Upartial over 0.40 m).