914, 914N and Elevator

The 914, 914N, and Elevator projects consist of four non-contiguous claims totalling 11,873 ha and are located 31 to 52 km south of the Athabasca Basin margin and 35 to 55 km south of Cameco’s Key Lake Operation (209.8 million pounds U3O8 produced at an average grade of 2.32%). All three projects are near Provincial Highway 914, which provides direct access to the southern part of the province, with the 914 Project situated 1 km east of Highway 914, the 914N Property situated 5 km east of Highway 914, and the Elevator Property situated 15 km east of Highway 914. Geological mapping of the properties and surrounding areas has shown that they are underlain by prospective Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, which hosts significant uranium mineralization further to the north in the Athabasca Basin.

Extensive work on the properties and in the surrounding area was conducted throughout the 1970’s and included magnetic, gravity, and EM surveys as well as geological mapping, prospecting, boulder, and sediment sampling programs. Modern work on the properties is more limited and includes partial coverage by an airborne VTEM survey, limited ground prospecting, and lake sediment sampling. An EM conductor was identified on the 914N property (AF 74A13-0036) and has yet to be drill tested; the remainder of the properties were not covered by the modern geophysical surveys. All four claims are situated on the edge of regional scale folds, as outlined by historical bedrock mapping conducted by the Saskatchewan Geological Survey. More recent regional airborne magnetic surveys show additional complexity that was not reflected in the historical bedrock mapping. While there are no uranium occurrences noted on the properties themselves, multiple uranium and REE showings are present in the area including the Sandra Lake (SMDI 1960), Key Lake Road (SMDIs 5250, 5251, 5253, 5254, 5257, and 5258), Karpinka Lake (SMDI 1974, 3100, 3101, 3103, 3104, 3105, 3106, 3107, and 3108), and Don Lake (SMDI 1961, 1982, 1983, and 1984) occurrences. Similar stratigraphy hosts significant uranium and thorium mineralization elsewhere in the Athabasca Basin.

914, 914 N, and Elevator Projects Map:

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