The drilling program consists of 15 to 20 drill holes and will focus on several ancillary structural targets related to the Fraser Lakes ‘B’ Zone.
These targets in conjunction with the Fraser Lakes mineralization identified to date have significant potential to host high-grade basement mineralization similar to that identified at the Eagle Point, Millennium, and Roughrider Zones.
The B Zone showings occur within an antiformal fold nose of a 65km-long folded electromagnetic (EM) conductor system comprised of Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites.
Of 70 grab samples taken from individual mineralized outcrop sites at the B Zone, 70% returned assays ranging from 0.03 to 0.457% U3O8.
Drilling to date on the Fraser Lakes B Zone has identified an area approximately 1000m long by 650m wide of moderately dipping, multiple stacked uranium and thorium mineralized horizons open to the southwest and east-northeast to at least 125m depth.
The drilling has also provided evidence for the presence of major east-west and north-south structural corridors that intersect the main northeast-trending EM conductors.
