Mineral Exploration

Spring 2014

Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.

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photograph : Alpha E xploration inc . s p r i n g 2 0 1 4 35 Chuck Downie, president and CEO of Athabasca Nuclear Corp., which is the project's operator, says the syndicate is a way for companies to advance their uranium properties without diluting their stocks. "The syndicate is committed to spending $6 million on the project over the next two years," Downie says. "We've already spent $1.5 million on airborne surveys, prospecting and soil sampling. We have just started a winter program of ground-based gravity and radon sam- pling to define drill targets." In late November 2013, the syn- dicate announced results of the 2013 radon sampling program in search of drill targets at its Preston Lake uranium property. The 246,643-hectare Preston Lake property is the largest land pack- age close to the PLS high-grade uranium discovery. The syndicate says many of the radon anomalies fall within prospec- tive exploration corridors delineated by summer 2013 airborne geophysics and ground evaluation. "We hope to start drilling on the property in March 2014," Downie says. In late November 2013, Zadar Ventures Ltd. announced it had pur- chased a 100 per cent interest in the Stony Road uranium project. The project (10,545 hectares) is located on the eastern arm of the Cable Bay Shear Zone. The company says the zone has been identified as an Athabasca Basin regional structure on its nearby Pasfield Lake uranium project that is highly prospective for uranium mineraliza- tion. Historic exploration of the project includes regional geochemical sampling, airborne and ground electromagnetic/ gravity surveys, and diamond drilling. ■ Metal detector: VTEM survey flying over the Middle Lake project. p26-35_Saskatchewan.indd 35 14-02-14 3:07 PM

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