The hot spots for uranium exploration activity in Canada this week are Labrador and the Territories. Here is a partial run-down.
CONSOLIDATED ABADDON RESOURCES of Vancouver is preparing for the start of drilling at its Sims Lake project northwest of Churchill Falls in Labrador. The three-or-four hole program will be conducted by INTERNATIONAL URANIUM CORP., which can earn a 51% interest in the property. Two areas along the unconformity between the early Proterozoic Knob Lake Group and late Proterozoic Sims Formation are targeted. An airborne radiometric survey undertaken by Abaddon in 2005 identified a conductor at the unconformity. A location map is available at www.ConsolidatedAbaddon.com.
Vancouver-based FRONTEER DEVELOPMENT GROUP says its 49.3%-owned subsidiary, AURORA ENERGY RESOURCES, continues to intersect good grades during the latest drilling for which assays are available from Labrador. The best zone returned 0.25% U3O8 over 15 metres. A second hole returned 0.16% over 5.0 metres, and a third returned 0.10% over 1.0 metres. A fourth hole encountered no significant values. The White Bear Lake target is a 3,000-metre-long discontinuous radiometric anomaly characterized by intermittent uranium-bearing outcrops. It is situated approximately 20 km to the east of Michelin and 10 km to the southwest of Jacques Lake. A drill location map is available at www.Aurora-Energy.ca.
Work on the Baker Lake property in Nunavut is uncovering high grade material for partners KAMINAK GOLD and PACIFIC RIDGE EXPLORATIONS, both of Vancouver. A channel sample from the 694 zone returned 17.7% U3O8 over 0.3 metres. Prospecting, sampling and ground radiometric surveys have been completed on five zones, resulting in at least two new surface discoveries and the definition of multiple high priority drill targets. Drilling will commence when government permits are received. Meanwhile, surface exploration is continuing.
SIGNET MINERALS of Comox, B.C., reports that its Curie uranium-gold project in the Yukon is the focus of continued exploration. First-pass chip sampling has confirmed the presence of bedrock uranium mineralization, returning 0.84 % U3O8 over 1.0 metre. Two grab samples collected approximately 2.0 metres along strike of the chip sample assayed 0.90% and 0.84%, indicating that the zone is at least 4.0 metres wide. These two samples were collected in a topographic depression, and it appears that a portion of the zone has been eroded or displaced by previous trenching activities. The same location produced a grab sample of 54.3% U3O8 last year.
Back in Labrador, Vancouver's UNIVERSAL URANIUM reports that FUGRO AIRBORNE has completed two helicopter-borne radiometric and magnetic surveys of its properties in the Central Mineral Belt and at Seal Lake. The work is part of a joint ventures between Universal and SILVER SPRUCE RESOURCES of Happy Valley-Goose Bay, Nfld. A helicopter-supported ground program was scheduled to begin this week. The Universal/Silver Spruce holdings in the Central Mineral Belt lie along strike and near properties held by Aurora Energy, Crosshair Exploration and the Santoy-Monster Copper joint venture.
Comments