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Hornby Bay Basin
Mountain Lake Project
Sandy Creek Property
Dismal Lake Project
Kendall River Property
Athabasca Basin
Pasfield Lake Project
Stony Road Project
Mann Lake Project
West Carswell Project
Wollaston NE Project
Old Fort Bay Project
River Lake Project
Highrock Project
Alaska
Boulder Creek Project
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The deposit is 8.2 million pounds U3O8 (3,700 tonnes U3O8) inferred resource in 1.6 million tonnes, with an average grade of 0.23 percent U3O8 using a cut-off grade of 0.10 percent U3O8 and a minimum thickness of 1.0 metre (CIM guidelines and definitions) Latest News
Location The Kendall River property covers a significant uranium boulder train located 15 km southeast of the Mountain Lake uranium deposit. The Mountain Lake uranium deposit is situated approximately 550 km north of Yellowknife, NWT, and 100 km southwest of the coastal community of Kugluktuk (formerly Coppermine), Nunavut. Size The property consists of four contiguous claims covering 4,180 ha (10,320 acres). Ownership The 50/50 Joint Venture with Pitchstone Exploration Ltd. has executed an agreement to purchase 100% of the Kendall River Property from Aramis Ventures Inc., a private Alberta corporation, by making a cash payment of $25,000 and incurring exploration expenditures of $50,000. Aramis will retain a 5% NSR royalty in all metals and minerals produced from the property, with the Joint Venture having the right to purchase one half the retained royalty for $2,500,000. 2007 Exploration Program The total cost of the 2007exploration program carried out on the collective Hornby Bay Basin projects from May to September 2007, was approximately $2.4 million. Work on the Kendall River property included:
2006 Exploration Summary The total cost of the four week surface exploration program carried out on the collective Hornby Bay Basin projects in August, 2006, was $441,230. Work at Kendall River included:
Geology and Exploration History The Triex -- Pitchstone Joint Venture currently controls all three of the key uranium anomalies identified in the northern part of the Hornby Bay Basin during the initial phase of reconnaissance exploration, which began in 1969. Those targets are: Mountain Lake (which includes the Mountain Lake Deposit), Dismal Lakes, and, Kendall River. Detailed ground radiometric prospecting was conducted in the Kendall River area in 1981 (Pawliuk and Trigg, 1981). One hundred and forty five radioactive sandstone boulders measuring 100 up to 8,000 cps were discovered. The boulders form a linear train 3,400 metres long and up to 230 metres wide, that trends 240 degrees. The boulders are angular to subangular, fine-grained, and silica indurated. A total of 27 radioactive occurrences were found within fractured pebbly sandstone outcrop. This mineralization is associated with northeasterly trending fractures. The source of the boulders is interpreted to be Dismal Lakes Group sandstone (Unit 11), the same rock unit that hosts the Mountain Lake deposit. The bedrock source is interpreted to be less than 7 km to the northeast. Glacial striations on outcrops indicate ice movement along a line of azimuth of 240 degrees, as well as a line of azimuth of 355 degrees. |
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