The company said that the construction of a fully winterized field camp to support expanded operations will be completed during the months of March and April, 2010. Fuel is currently being mobilized to site and the six month drill program will commence in early April.
The fourth quarter of 2010 will be dedicated to technical and engineering analysis, with a goal of establishing a 43-101 compliant mineral resource by early 2011.
Up to 10,000mt drilling is planned at Lac Cinquante, starting with one on-site rig in early April 2010. Drilling will target historic resource dimensions and the known mineralized envelope using information from historic core on-site and results from Kivalliq’s 2009 drill campaign, the company added.
The exploration drilling will focus on demonstrating the expansion potential at Lac Cinquante where mineralization is open along strike and to depth. In addition, drilling will test high-priority targets along the 9km long Lac Cinquante geophysical trend.
The company said that it plans to continue an aggressive program of surface exploration on the remainder of the 225,000 acre Angilak property, which has over 150 known uranium occurrences, representing several different model types. This summer program will consist of prospecting, sampling and drill target identification.
To aid in the planning of the project’s future exploration and development, the company is undertaking a series of technical and baseline studies. Preliminary metallurgical work is underway and environmental baseline studies will begin this year.
JDS Energy and Mining has also been engaged to perform a conceptual economic and access study for the project. Resource modeling will commence in fourth quarter of 2010.
