Jul 4 2008, 9:43am
EST
NAG 0.365 -0.015
Jul 4 2008, 9:43am
EST |
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| NAG 0.365 -0.015 |
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Bonny Fault PropertyArea: North Eastern AlbertaKey Points Showings of high grade uranium up to 3.93% (grab samples) and 1% Molybdenum Target Minerals: Uranium Molybdenum IOGC Rare earth elements Claim Interest: 100% Land Area 140,000 acres Claim/permit id: 6 claim units of approximately 23,000 acres each. Stage in Exploration: Mr. Jeremy Brett Msc. P.Geo, senior Geophysical consultant for MPH Consulting of Toronto, is currently compiling a detailed interpretation of the new and historical magnetic and radiometric survey data. The report will be completed in the near future. Introduction/Description is located within the Precambrian Shield of northeastern Alberta within the Churchill structural province. It is situated in the Taltson magmatic zone, which to the south, constitutes the basement of the western Athabasca Basin. Local geology within the property consists of a wide range of massive to foliated granitoids, metasedimentarys and metavolcanic rocks. Several major faults affect most of the rock units; these faults include the northwesterly-trending Bonny Fault, and several subsidiary faults that complicate the structural setting. Faults in this region are expressed as early shear zones that are characterized by mylonites, as well as by later more shallowly seated ductile-brittle and brittle fault zones. Retrograde greenschist facies minerals indicate a Palo-Proterozoic to possibly Meso-Proterozoic age for this large scale faulting, which has been favourable for other economic uranium deposits within the Precambrian Shield in the Uranium City area of north-central Saskatchewan. History/Work Mineralization in this area was first mentioned by Godfrey (1958) but never received much attention during the several phases of exploration linked to the increased interest in uranium in the early and late 1970`s. Godfrey (1958) reported high assays from three grab samples taken over the radioactive zone, this zone is now known to be the West Arm of Andrew Lake: these assays are listed below Sample No. U3O8% Mo % *Figures in this chart were produced prior to NI 43-101. In the past, the Bonny Fault and surrounding area were only moderately explored, based on the available assessment records, for vein-style uranium between the mid-1950s to mid-1970s. During that time numerous uranium and radioactive occurrences were found, but for a variety of reasons only marginal follow-up exploration appears to have been performed. An example of this follow-up exploration was carried out by Rapid River Resourses Ltd. in 1968. Rapid River reported 300 scattered radiometric "spot highs" of uranium in the order of 5 to 10 times background aligned along two north trending zones, approximately 1,800m long buy 300m wide. The western zone relates to the mineralized area discovered by Godfrey (1958). The property was strategically staked to encompass eight main uranium and/or precious metal showings along with the extensions of geological structures that appear to have a direct influence over placement of the showings, which had previously been documented and reported on by the Alberta Geological Survey (e.g., AGS Open File Report 1993-08) in the early 1990's. Examples of the geochemical results for some of these mineral showings (as reported in AGS Open File Report 1993-08) are listed below: West Arm Andrew Lake: 3.93% U3O8, 1.4% molybdenum (Mo); 0.26% U3O8 over 1m (in a prior drill hole); 29.2% Fe and 381 ppm V with associated anomalous radioactivity Pythagoras Lake: 0.603 grams gold (Au)/tonne; 0.39 per cent (%) nickel (Ni); 10.0 grams silver (Ag)/tonne North Cherry Lake: 0.79% U3O8 over 1.2 m (in a prior drill hole) North Hutton Lake: 25.1% iron (Fe) and 274 parts per million vanadium (ppm V) with associated anomalous radioactivity Future Development Awaiting the analysis from MPH Consulting (clarify). Related Information |