It has reported that the drilling program tested a 1,500-metre strike length of the Fraser Lakes B zone, which occurs along the northern extent of a 5-kilometre-long, folded EM conductor comprised of Wollaston Group graphitic pelitic gneisses and uraniferous granitic pegmatites and they have drilled in nineteen holes, with four holes abandoned due to poor overburden conditions.
Reportedly multiple intervals of uranium and/or thorium mineralization were intersected in several drill holes. This mineralization is accompanied by rare earth element enrichment and highly anomalous levels of pathfinder elements. Highly anomalous concentrations of other metals are also present in a number of holes. Also of note is that the alteration and structural patterns associated with the mineralized intervals are analogous to the basement-hosted mineralization at Eagle Point, Millennium and P-Patch.
Dr. Irvine Annesley, director of exploration for JNR said: “Recent discoveries in the Athabasca Basin have been made by focussed drilling along mineralized conductive trends. The Fraser Lakes conductive trend has numerous similarities to nearby basement-hosted uranium deposits, and will be targeted for more detailed exploration.”
