The final results and interpretation of the survey are pending. The property is strategically located on the east side of the Athabasca Basin 25 km southwest of Cameco’s McArthur River Mine and 15 km northeast and along strike of Cameco’s Millennium uranium deposit.
Skyharbour’s Mann Lake property is also adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and AREVA (17.5%).
Recently, Denison acquired International Enexco and its 30% interest in the Mann Lake Joint Venture after the 2014 winter drill program discovered high-grade, basement-hosted uranium mineralization.
The drill program intersected 2.31% eU3O8 over 5.1 metres including 10.92% eU3O8 over 0.4 metres (see International Enexco News Release dated March 10th 2014).
EMpulse Geophysics of Dalmeny, Saskatchewan conducted the ground EM survey and Phil Robertshaw (P.Geo., Saskatchewan) is reviewing the collected data and will be providing detailed interpretation of the survey shortly. The natural source transient magnetotelluric survey consisted of a block of 4 profiles totaling 10 km of coverage using the Internal Field Gradient ("IFG") technique. The survey focused on a zone in the southern portion of the Mann Lake property where a favourable, 2 km long aeromagnetic low coincides with possible basement conductor trends indicated by prior ground EM surveys.
The objective is to generate one or more basement conductor targets in a setting proximal to the recent high-grade discovery made by Cameco and International Enexco back in March.
