Jul 4 2008,  9:43am EST
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Mosquito Gulch Property

The Mosquito Gulch Property is in the Nonacho Basin and is located 300 kilometers southeast of Yellowknife. The property consists of one mineral claim with a massive pitchblende showing.

The Mosquito Gulch showing is at the head of a radioactive boulder train that extends 5 km to the southwest. The showing is more than 500 meters long with varying widths of 20 to 50 meters and was outlined to a depth of 200 meters. The property has undergone drilling and trenching in the late 1970's and early 1980's by Uranerz Exploration and Mining Limited. The results this work have revealed the following values encouraging results:

Boulder Train Samples
Up to 0.886% U3O8

Trenching reveled
0.017% U3O8, over 9.7 m
0.04% U3O8, over 3 m

Drilling in returned values of:
0.104% U3O8, over 1.3 m
0.54% U3O8, over 2.3 m
0.356% U3O8, over 7.3 m
0.1 % U3O8, over 27 m

Uranium-bearing minerals associated with the Mosquito Gulch showing include pitchblende and allanite. The uranium is found as pitchblende in narrow fracture fillings and small veinlets in quartz stockworks. The mineralization is confined to a zone of cataclasite and mylonite basement that is host to fracture controlled allanite and pitchblende mineralization.

In 1980, Uranerz completed metallurgical tests on rock samples collected at Mosquito Gulch. Studies included mineralogy, petrography and geochronology were undertaken and bulk samples were shown to be amenable to radiometric ore sorting.

The Nonacho Group is a conformable sequence of continental sediments consisting of conglomerates, lithic-sandstones and shale, which have been deposited in an intracratonic, fault-controlled basin. Basement rocks are mainly Early Aphebian to Archean granites and gneisses including numerous mylonite or cataclasite zones. Diabase dykes represent the last Precambrian events.

Figure 1. Boulder Train and Geology of the showing.

Figure 2 Cross-Section of known mineralization form Mosquito Gulch