Millennium
Keeping its prospects open for future development is a business plan that has made Cameco the company it is today, and that’s exactly what it’s doing with its Millennium uranium deposit in northern Saskatchewan.
Located 660 kilometres north of Saskatoon, the proposed Millennium mine project includes the development and operation of an underground mine, temporary surface facilities and a 21-kilometre access road linking the site to the Key Lake/McArthur River haul road.
The deposit was discovered in 2000 as part of the Cree Extension exploration project. The deposit was delineated through survey and drilling work between 2000 and 2007, and contains indicated resources of 50.9 million pounds of uranium at depths between 615 and 730 metres below surface.
The proposed mine would produce 150,000 to 200,000 tonnes of ore annually at a nominal grade of 2% for six to seven years. It is anticipated that a conventional blasthole stoping mining method would be employed. Run of mine ore would be skipped to the surface by a hoist in one of the mine’s two shafts.
In order to minimize the environmental footprint of the operation and decommissioning requirements, no mill or associated waste management facilities would be constructed at the site.
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