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URANIUM EXPLORATION – Hunt heats up across Canada

Often overlooked in the frenzy of gold exploration and corporate realignment, is the hunt for uranium. Yet it is ve...


Often overlooked in the frenzy of gold exploration and corporate realignment, is the hunt for uranium. Yet it is very active at widespread sites across Canada, which is the largest producer (11,628 tonnes of uranium during 2005) in the world. Here is a sampling of some active projects.

Montreal-based AZIMUT EXPLORATION has staked the Daniel Lake project, a 351-km property about 160 km east of the town of Kuujjuaq in the eastern Ungava Bay region of northern Quebec. The property covers a very strong uranium footprint in lake bottom sediments in an area marked by deep-seated regional faults, felsic intrusives and pegmatites within a metamorphic gneissic context, says the company. The exploration model focuses on large surface targets potentially minable by open pit methods. (www.Azimut-Exploration.com)

BAYSWATER URANIUM of Vancouver has identified 18 high priority radiometric targets from its recent airborne survey west of Baker Lake in the North Thelon Basin, Nunavut. The company says that although the survey data are still being processed, the information is good enough that it has mobilized crews to the targets for initial follow-up ground prospecting. A large number of additional favourable radiometric anomalies have also been identified from the survey that are not being followed up at this time due to the remaining short field season. (www.BayswaterUranium.com) The property is covered by a joint venture agreement with STRONGBOW EXPLORATION, also of Vancouver.

Vancouver’s DEJOUR ENTERPRISES is concentrating its efforts on its three 100%-owned projects in Saskatchewan’s Athabasca Basin. Of particular interest is the Sand Hill Lake area where two holes were drilled to investigate elevated sandstone geochemistry and alteration in a previous hole. One intersected values (to 1.45 ppm U), and the other intersected stronger alteration in the sandstone (to 4.63 ppm U and 573 ppm B) and in the bleached sheared graphitic basement rocks (up to 47.6 ppm U and 1,056 ppm B). The second hole also shows a 10-m offset of the unconformity relative to the surrounding holes. Of note is that there is very little historical drilling along the entire 6,000-m strike length of the conductive horizon. The target is shallow, less than 200 m. (www.Dejour.com)

In northwestern Ontario, RAMPART VENTURES of Vancouver is encouraged by results from its Split Rapids property in the Sibley Basin. Drilling to date has established and essentially confirmed the stratigraphy of the basin in the project area. In light of the high uranium values associated locally with iron formation in the Sibley Basin, the next hole is designed to test a 21-km magnetic anomaly located centrally in the property. Sixteen grab samples from two newly exposed zones were assayed with results up to 17.91% U3O8. (www.RampartVentures.com)

SIGNET MINERALS of Comox, B.C., is exploring the Currie uranium-gold project in the Wenecke Mountains of the Yukon. A prominent regional magnetic structure (Olympic Structure) has been identified and traced over a minimum of 20 km. This summer’s work program included airborne magnetometer, EM and radiometric surveys, additional staking, sampling of 13 historical uranium showings and a number of radiometric anomalies, and the excavation of an 18-m sample from the Deer showings. Assays are pending. (www.SignetMinerals.com)

Montreal-based STRATECO RESOURCES has received promising assays from its wholly owned Matoush property in the Otish Mountains of Quebec. The most recent numbers are 1.01% U3O8 over 14.1 m (hole MT-06-4), 1.54% U3O8 over 9.5 m (hole MT-05-5), and from hole MT-06-10 an average of 1.12% U3O8 over 10.5 m including 2.36% over 2.5 m and 5.96% over 0.7 m. The intersections were encountered at depths from 275 to 350 m. (www.StratecoInc.com)


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