As follow up to the company’s initial high-grade uranium discoveries, the program was designed to systematically test the entire Osprey zone, a structurally complex 6km conductor, with the objective of isolating potential uranium occurrences and understanding the geology of the area as a whole. Assays are pending.
The company said that this program has successfully determined that the entire central portion of the S shaped conductor (1.2km in length) has been subjected to a large scale uranium mineralizing event and possesses the classic indicators of a potential uranium deposit.
A fence of three holes, RW-28, 29 and 41, tested the nose of the fold and were all drilled to the east at -65 degrees and were approximately 50mt apart. All three holes encountered zones of strong clay alteration and silicification.
RW-29 and RW-41 intersected a radioactive fault zone, now named the Hinge Fault, associated with strong chlorite and hematite alteration and returned maximum downhole gamma results of 1,892 cps and 2,134 cps, respectively.
RW-29 intersected the radioactive fault zone between 72.5mt and 77.5mt while RW-41 intersected the fault between 157.7mt and 161mt. The strike of the Hinge Fault is currently unknown and untested. Where that fault intersects the central portion of the Osprey Conductor represents an important uranium target.
An EM conductor, approximately 700mt in length, is seen to cross-cut the Osprey conductor near RW-07, representing another important target zone. Poor ice conditions this winter did not allow the conductor to be tested where it extends beneath Osprey Lake, the company said.
The Red Willow property consists of eight claims on the eastern edge of the Athabasca Basin. The thickness of the Athabasca sandstone varies from 0 to 80mt and the basement rocks are composed of intensely deformed and metamorphosed sedimentary, volcanic and plutonic rocks trending NE to SW.
Five major uranium deposits, JEB, Midwest, Cigar Lake, McArthur River and Millennium, are located along a NE to SW mine trend that extends through the Red Willow Project. To date only four of the projects 22 delineated target zones have been subject to first pass drilling.
