The project is situated on the Virgin River structural trend within the south-central part of the Athabasca Basin, Saskatchewan.
The company said the mineralization intersection occured from 1154.87m to 1161.17m in the lower Athabasca Group (MFa) sandstone, above the unconformity with basement lithologies.
The thickness and level of radioactivity intersected is claimed to be highly anomalous and a favorable uranium intersection due to the reconnaissance nature of the drill test and the large area being tested for containing possible unconformity-type uranium mineralization.
Uravan targeted the interpreted trace of the C-conductor (Area B) based on the 2D and 3D inversion models of the ZTEM geophysical survey in the SL15-003 drill-hole.
The Stewardson project area is situated adjacent to Cameco’s Centennial uranium deposit on the South and overlies the Dufferin Lake fault within the Virgin River structural corridor.
Uravan operates the project, in which Cameco is earning a stake and funding work programs.
