Foster River

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Project Summary: 

The Foster River property consists of five claims totaling 26,857 hectares approximately 20 km east of Cameco’s Key Lake operation, and adjoining the southwestern end of Skyharbour’s South Falcon Point Project. The claims are situated in the Wollaston Domain just outside of the currently mapped extent of the Athabasca Basin, with several small outliers of sandstone located regionally in the area. The basement geology consists of psammopelite, calc-silicate, diorite, pelitic gneiss and graphitic pelitic gneiss of the Daly Lake Group, accompanied by minor felsic orthogneiss. Prospective graphitic pelitic gneiss packages are exposed at the surface. The property contains numerous uraniferous showings including the Tojo, Burd Lake, and BUP showings, where grab samples returned uranium values ranging from 262 ppm U to 1.25% U3O8 in pitchblende veins. Although historical drilling is limited in the area, a historic hole drilled in the 1950’s returned elevated uranium values of 0.012% U3O8 over 27.7 m. Significant untested potential exists on the Foster River project for basement-hosted, unconformity-related uranium deposits like those further to the north in the Wollaston Domain (i.e. Eagle Point, Rabbit Lake, Key Lake and others).

Foster River

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