Project Summary:
The 914 and Elevator Projects now comprise a total of 13 mineral claims forming two contiguous claim blocks, covering 13,785 hectares. The 914 Project consists of seven contiguous claims totaling 4,031 hectares, including four newly staked claims totaling 2,898 hectares. The Elevator Project consists of six contiguous claims totaling 9,754 hectares, including four newly staked claims totaling 1,742 hectares. Both projects are located 35 to 55 km south of Cameco’s Key Lake Operation. The 914 Project lies 1 km east of Provincial Highway 914, while the Elevator Project is 12 km east of Highway 914, which provides access to the properties from southern Saskatchewan.
914 and Elevator Project Map:
Geological mapping and prospecting completed on and in the vicinity of the properties indicate that they are underlain by Wollaston Supergroup metasedimentary gneisses and Archean granitic to tonalitic gneisses of the Western Wollaston Domain, a geological setting known to host basement-hosted unconformity-related uranium mineralization elsewhere in the Athabasca Basin.
Extensive exploration was carried out on and around the properties during the 1970s, including magnetic, gravity, and electromagnetic surveys, geological mapping, prospecting, and boulder and sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage, light ground prospecting, and lake sediment sampling. The newly staked claims are positioned along the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in the surrounding area around the claims. The same basement rocks found on the 914 and Elevator Projects host unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization, and fault-hosted flake graphite elsewhere in the region.
Contact Nicholas Coltura for more details: ncoltura@sentinelmarket.com