Terra Uranium Ltd (ASX:T92) (T92) has kicked off a major airborne geophysical survey of its projects in the Eastern Athabasca Basin in northeastern Saskatchewan, Canada, just four weeks after the company’s listing on the Australian Stock Exchange.
The HawkRock, Parker Lake and Pasfield Lake projects cover a total area of 775 square kilometres in a region known to host some of the largest and highest grade uranium deposits in the world, including Cigar Lake, McArthur River, Arrow, Triple R, Millennium and Wheeler River.
The surveys have been designed to confirm historical data showing anomalous surficial uranium and geophysical conductive corridors of a similar size and scale to major known deposits.
ZTEM/ VTEM survey plan for Terra Uranium.
First results later this month
Geotech Airborne Geophysical Surveys will conduct a Z-Axis Tipper Electromagnetic (ZTEM) program over the Pasfield Lake and Parker projects and a Versatile Time-Domain Electromagnetic (VTEM) program on part of the Pasfield and HawkRock projects, with the latter having better definition but less depth penetration.
The surveys are expected to take two weeks to complete with first results available once the data is processed in late October when earth models will be created and validated.
A 2006 VTEM survey over the Pasfield Project, which identified a significant conductor and anomaly, is also being reprocessed using modern technology.
Additional geochemical and geophysical field work is also underway, the results of which are expected by the end of this month. These will be integrated with the new survey data into the earth model.
The ZTEM System being fitted.
Project information
T92 holds a 100% interest in the 17 claims forming the HawkRock, Parker Lake and Pasfield Lake projects in the Cable Bay Shear Zone (CBSZ) on the eastern side of the Athabasca Basin, north-eastern Saskatchewan.
The projects are around 80 kilometres to the west of multiple operating large uranium mills, mines and known deposits associated with often graphitic structures in the basement gneiss straddling the unconformity with the overlying sedimentary basin.
The CBSZ is a major structural zone with known uranium mineralisation but limited exploration as the basin sediment cover is thicker than for the known deposits immediately to the east.
Methods that can be used to explore the area include airborne and ground geophysics that can penetrate its depth and outcrop, and reverse circulation geochemical profiling to provide the best targets before undertaking costly core drilling.
Access and logistics support in the active uranium exploration and production province is good, with a main road passing between the HawkRock and Pasfield Lake projects and a minor road access to Pasfield Lake and the T92 operational base there.
The regional prime logistics base is Points North about 50 kilometres east of the projects.