The minimum 2,000m program will follow up on past results that have returned strongly anomalous uranium mineralisation, peaking at 0.07% uranium (0.083% U3O8), and other key elements indicative of a uranium mineralising event common to deposits in the Athabasca basin.
The program will comprise a series of drill holes of 400m – 500m in depth to be drilled near the core of the property where numerous factors point to the possibility of a nearby uranium deposit.
The holes are designed to test for alteration and mineralization (uranium and other indicator elements) in the rocks above, at and below the unconformity at the base of the Athabasca Basin (the prime target area for uranium deposits).
These holes will be collared near to other drill holes in which geochemical, mineralogical and structural features often associated with, or indicative of, a uranium mineralizing event, have been identified.
Exploration work on the 21,900ha Diabase Peninsula Project, located approximately 5km north of the southern boundary of the Athabasca Basin, has included 28 widely-spaced drill holes totaling 11,205m, airborne and ground geophysical surveys, geochemical surveys and mapping.
Nuinsco is the operator and currently owns an approximate 82% interest in the property, and is partnered with Trend Mining Company.
