The Condor Consulting report identified seven first priority, five second priority and seven third priority targets that warrant follow-up assessment out of which some of these anomalies correlate with geological, geophysical or geochemical anomalies identified from prior exploration, whereas others are newly identified.
All are prospective for ingress style (i.e., basement hosted) uranium deposits along the geologically favorable Wollaston Group basement trend.
Processing, interpretation and correlation of the results with magnetic response and geology define two main types of conductors, discrete plate-type and broader, flat lying wide zones, which have been further grouped by Condor into nineteen target zones.
Historic wide-spaced drilling on parts of four of the 19 target zones identified prospective geology, including a possible sub-Athabasca Group regolith that was logged in several holes which are located within a Wide Zone EM conductor.
The number one priority target zone has good potential for uranium mineralization because significant uranium values within wide zones of graphitic pelites have been intersected in drill holes targeted along the northeastern extension of this conductor lying within Triex’s Riverlake and Forum Uranium’s Orchid properties.
The survey also showed that some target zones at Key Lake SW have potential for base metal mineralization or iron formation similar to the geological horizons mapped in the McArthur River mine.
