The report has identified a number of anomalous conductors which showed correlation with earlier GEOTEM and TEMPEST surveys.
Different types of anomalies associated with uranium mineralization that were identified include sandstone-hosted, unconformity-related and basement-hosted.
The firm has determined the eastern claim block of the McCarthy Lake project to be highly prospective and has exercised its option and vested a 50% interest in the 4,082-hectare eastern block.
Athabasca Uranium’s president Gil Schneider said that in the coming months, the firm will formulate a comprehensive exploration plan for each of the projects, which may include earn-in partnerships to commence ground work and diamond drilling.
