Project Summary:
Skyharbour has reacquired the historic three-claim Iris property and merged it with the four-claim Bolt Extension property to form the new Iris Project, which now totals seven claims covering 5,707.8 hectares. The property is located approximately 7 km west of Highway 914 and 16 km south of the Key Lake Mine and the Athabasca Basin boundary (the Key Lake mine produced 209.8 million pounds of U3O8 at an average grade of 2.32% between 1983 and 2002) The Iris Property’s proximity to Highway 914 and the former Key Lake Mine provides a significant logistical advantage, allowing for efficient access and the potential to reduce exploration and drilling costs relative to more remote projects in the Athabasca Basin.
The project claims are underlain by the eastern Mudjatik Domain rocks, within the upper amphibolite to granulite facies of the Hearne Province, roughly 5 km west of the contact between the Mudjatik and Wollaston domains. The property is dominated by a south-trending, anastomosing package of amphibole gneisses enveloped by regional-scale felsic gneiss, with an ovoid body of banded iron formation intersected by several EM conductors near the centre of the property. The southern claims sit within a magnetic low flanking a regional magnetic high straddling the Mudjatik-Wollaston domain boundary.
Exploration has been conducted intermittently on the property since 1969. Ground and airborne EM, radiometric and gravity surveys, lake and stream sediment and soil sampling, prospecting, and boulder train mapping were completed during the late 1960s and 1970s by Pan Ocean Oil Ltd., Canadian Southern Petroleum, Athabasca Columbia Mining, Yukon Geothermal, SAMCAM, and Darling Hydrocarbons. A single drill program completed by Pan Ocean Oil in 1978 tested six historical EM conductors, with three drill holes (DDH-CL-1, -2 and -6) encountering moderate to intense kaolinization. Additional work by Forum Uranium in 2005 included high-resolution ground VLF-EM, prospecting, radon soil sampling, and airborne magnetic surveys. More recent exploration since 2010 has been carried out by Majesta Resources and Durama Enterprises as part of their Key Lake South property. This work identified multiple east-west and northeast-southwest trending conductors exhibiting structural breaks and splays, some of which were tested during the 1978 drilling program, along with radioactive boulders and geochemical anomalies that warrant further follow-up exploration.
Contact Nicholas Coltura for more details: ncoltura@sentinelmarket.com