The project is situated in the western part of the Athabasca Basin, which has seen renewed exploration activity with the recent discoveries in the Patterson Lake area by Fission Uranium, NexGen Energy and PurePoint Uranium.
Brazil Resources owns a 75% stake in the Rea project with the remaining 25% held by AREVA Resources Canada.
The Rea development surrounds AREVA’s Maybelle River project, which covers the north-northwest striking Maybelle River Shear Zone (MRSZ), hosting relatively shallow high-grade uranium mineralization at the Maybelle River deposit.
The MRSZ extends a further 11km north of the Maybelle River project across the Rea project, which will be the focus of the planned exploration and drill program.
Brazil Resources CEO Garnet Dawson said: AREVA is likewise excited to explore the extensions of their major discovery at the Maybelle River project. Brazil Resources and AREVA are currently reviewing the exploration program and budget, and once approved, a start date will be announced.
"The proposed program targets a major regional shear zone that hosts high-grade, near-surface uranium mineralization only 9 km to the south at the Maybelle River deposit."
