Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.
Issue link: http://digital.canadawide.com/i/264766
s p r i n g 2 0 1 4 33 is approximately 22 kilometres southeast of the McArthur River mine, the world's largest high-grade uranium mine with proven and probable reserves of 335.5 million pounds U 3 O 8 and an average reserve grade of over 15 per cent. Preliminary interpretation of the project has identified a series of subtle northwest-trending conductive anoma- lies that lie within a wide magnetic low, between the Keefe Lake Alteration Zone and Cameco's Harrigan Deposit. CanAlaska Uranium Ltd. holds one of the largest land positions – up to 2.1 million acres – in the Athabasca Basin. More than $86 million has been spent exploring and identifying high-grade uranium targets, and many targets have been delineated. CanAlaska's main focus is on advanc- ing the West McArthur and Cree East projects, which are located in the Eastern Athabasca basin, near existing mines and discoveries. They have each undergone over 15 years of assessment work and are significant assets for the company. Both exploration projects have advanced with the discovery of intensive uranium- related hydrothermal alteration zones within the claim areas. More than $35 million has been spent on exploring West McArthur and Cree East, and the properties show multiple targets with the potential for the discovery of new uranium deposits. Forum Uranium Corp. is also exploring for uranium in the Athabasca Basin. In late November 2013, Forum announced the results of a lake sediment survey that had been completed recently in the southern part of its 100-per-cent- owned Clearwater project. (Clearwater is on trend and immediately to the south- west of the Alpha Minerals/Fission Uranium Patterson Lake South discov- ery.) Eleven samples were taken, with strong values ranging from 12 to 18 parts per million uranium found in a small lake bordering a magnetic high that has been interpreted to be part of the Clearwater intrusive complex. As part of the upcoming 2014 winter program, the company is planning fur- ther lake sediment sampling, including additional radon surveys and targeted diamond drilling. Long Harbour Exploration Corp. says geophysical programs confirm electromagnetic conductors that indi- cate the potential for a high-grade uranium discovery on its properties in the Athabasca Basin. The 2Z Lake Sonic Drilling Geotechnical Site Investigations Heli-portable Drilling Systems Global Drilling Solutions www.Foundex.com • sales@Foundex.com 604-594-8333 4 2 y e a r s o f E x c e l l e n c e Foundex Explorations.indd 1 13-11-04 2:18 PM p26-35_Saskatchewan.indd 33 14-02-14 3:07 PM