Canadian Mining Journal

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CANADIAN MINING PERSPECTIVES: Uranium prospecting success at Matoush

Knowledge and common sense remain the prospector's greatest assets. Just ask Montreal-based STRATECO RESOURCES. Its...


Knowledge and common sense remain the prospector’s greatest assets. Just ask Montreal-based STRATECO RESOURCES. Its exploration team has recently found two new uraniferous boulder trains in the Otish Mountains of Quebec.

The first find was the result of classical prospecting methods in an area that had not been covered by an airborne geophysical survey. About 20 anomalous boulders were counted, and two of them, only a few hundred metres apart, registered 20,000 counts per minute (cps) and 50,000 cps. The area of interest is about 1.5 km long and 400 metres wide. Additional work is underway to determine the likely source of the boulders.

The second find was made on a target identified from a helicopter-borne survey. It is smaller, about 40 metres long with a maximum reading of 10,000 cps. The company is planning to drill a few short holes to test the geological controls of this zone.

Earlier this summer, Strateco tested a target that may be the source of the boulder train and has drilled it to define deformation and alteration zones.

When looking for new mineralization, prospectors often scrutinize areas of known mineralization. The Matoush property is no exception. Strateco just released an NI43-101 estimate for the Matoush AM-15 core zone.

According to figures compiled by SCOTT WILSON RPA, the indicated material totals 201,000 tonnes at a grade of 0.79% U3O8, representing 3.5 million lb of contained U3O8. There is also an inferred resource of 65,000 tonnes at 0.43% U3O8. A cut-off grade of 0.05% U3O8 and a minimum horizontal thickness of two metres were used in arriving at the numbers.

The Matoush project, 300 km north of Chibougamau, Que., is wholly owned by Strateco. Learn More at www.StratecoInc.com.


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