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SYH: TSX.V   $0.47 (+1.09%)
OTCQX: SYHBF  $0.34 (+1.52%)
SC1P: FRA   $0.28 (+2.20%)

Pendleton

Figure 1

Project Summary:

The Pendleton Project consists of four non-contiguous mineral claims totalling 5,338 ha including one recently staked claim totalling 1,448 ha, and is located approximately 70 km southeast of Cameco’s Key Lake Operation and 114 km northwest of the community of Southend. The Pendleton project lies along the Needle Falls Shear Zone at the boundary between the eastern Wollaston Domain and the western Peter Lake Domain. It is underlain by the Wollaston Supergroup metasedimentary rocks including psammopelitic, pelitic, and graphitic pelitic gneisses, as well as mylonitic and cataclastic rocks of the Needle Falls Shear zone and Archean granitoid gneisses, diorites, and gabbros of the Johnson River Inlier and Swan River Complex.

Pendleton Project Map:

 

The initial exploration work on the project was conducted in the 1970’s and 1980’s, consisting of airborne magnetic, radiometric, and EM surveys, as well as prospecting and geochemical sampling. Additional modern exploration included an airborne GEOTEM survey in 2004, ground prospecting and geochemical sampling. A single drill hole (PL-003) completed following the 2007 HLEM survey intersected faulted and sheared graphitic pelitic gneiss and returned anomalous concentrations of several pathfinder elements. The project is considered prospective for basement-hosted, unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE mineralization and/or sediment-hosted Pb-Zn-Cu mineralization.

Contact Nicholas Coltura for more details: ncoltura@sentinelmarket.com

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