|
|
|
||
|
|
      
|
 |
 |
|||||
Hornby Bay Basin
Mountain Lake Project
Sandy Creek Property
Dismal Lake Project
Kendall River Property
Athabasca Basin
Athabasca Overview
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
|
Old Fort Bay Project Latest News No field work was done on the Old Fort Bay Project in 2006. Follow-up work is being planned based on results from the MEGATEM II survey of the property. Location The Old Fort Bay property is located in Alberta in the western part of the Athabasca Basin. It extends south from the southern shore of Lake Athabasca and is centred approximately 50 kilometres northwest of COGEMA's former Cluff Lake uranium mine (63 million lbs U3O8 @ 0.5% U3O8) and 50 kilometres northwest of COGEMA's Maybelle River uranium prospect. Size The Old Fort Bay Project has a total of 10 permits, totalling 87,040 hectares. Ownership Triex has a 51% interest in these permits; the balance is held by Roughrider Uranium Corporation and a private investor. Annual work commitments for the property are $435,200. The First Anniversary date is January 27th, 2007. 2007 Exploration Summary Triex has no worked planned for the project in 2007 2006 Exploration Summary No significant work was completed on the project during 2006 2005 Exploration Summary A MEGATEM magnetic and EM survey covering 2,924 line-kilometres at 400 metre spacing was completed in November, 2004, by Fugro Airborne Surveys. Total cost was approximately $490,000. Major east-west features on both magnetic and electromagnetic datasets are evident in the east-central and northern part of the survey and warrant follow-up. Work in 2005 for the Old Fort Bay project included re-examination of old core, compilation of historic data sets, and interpretation of airborne magnetic data. A follow-up ground geophysics program is anticipated for February-March 2007 to further evaluate target areas based on historic drilling and recent MEGATEM results. Geology and Exploration History The property was explored in the 1970's by several companies, including Esso Minerals. Reconnaissance-style lake water and lake sediment surveys, soil samples, and seismic and gravity surveys were completed in 1977. Data were integrated with regional airborne magnetic data to identify targets. A total of six drill holes were completed in successive programs in 1978 and 1979. Hole 08-78-2 is in the east-central part of the current property holding and was terminated prior to reaching the unconformity because of excessive caving. It targets a strong east-west feature on both magnetic and gravity maps which is believed to be the western terminus of the Grease River Shear Zone, a crustal-scale structural splay off the Snowbird Tectonic Zone in northern Saskatchewan. Holes 78-LAJV-002 and 004 are at the north end of the current property, near the south shore of Lake Athabasca, and are believed to have intersected the southwestern extent of the Black Bay Shear Zone (Alberta Assess. Report 19780009), a major crustal feature that anchors mineral deposits in the Uranium City camp on the north shore of the lake. Core in Hole 004 is heavily fractured, and there is an east-west, multi-element soil anomaly associate with the surface projection of the fault. Basement samples from hole 002 at the unconformity are graphitic, chlorite-altered, and strongly sheared. Regolith at the unconformity is up to 6 metres thick and strongly hematitic. Core assays contain up to 292 ppm uranium and 0.08 oz/ton gold, as well as being enrichment in nickel, zinc and silver. A 1982 publication by the Geological Survey of Canada (Paper 81-20) discusses the positive mineral potential of the area based on the results from this historical drilling. |
|
|
||
| Home | Corporate | News | Investors | Projects | QwikReport | Contact | Disclaimer |
 |
||
|
|
