Smitty Project
The 2384 ha Smitty Project is located 3km SW of Uranium City in northern Saskatchewan. Uranium City is located on the north shore of Lake Athabasca, 536km NNW of LaRonge and is accessible via scheduled flights from Saskatoon, Saskatchewan and charter aircraft from Fort McMurray, Alberta. All season road access is available to Stoney Rapids then a 175km seasonal ice road to Uranium City via Fon-du-Lac. Uranium City is endowed with services such as hospital, lodging accommodations, groceries, fuel and airport.
The Smitty claims were acquired in 2023, have no underlying royalties or encumbrances and are road accessible from Uranium City. The property is host to two areas of past production of uranium ore, the Lorado and Pitchie zones. A detailed compilation and interpretation of available data from historical work programs has begun and will lead to recommendations for future work and more information for this webpage.
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- Saskatchewan
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- Available for option: No
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- Uranium
Project Highlights
- Host to the past producing Smitty Uranium Mine
- Uranium mineralization first discovered in 1950
- Underground development started in 1952 consisting of a shaft and eventually multiple sublevels
- Between 1953 – 57, 600,000 lbs U308 was produced from the Smitty deposit
- Average ore grade reported slightly greater than 0.20% U308
Summary
Uranium City Option Agreement
Under the terms of the agreements, Xcite Uranium Inc. may earn an 80% interest in each of the Beaver River, Black Bay, Don Lake, Gulch, Lorado, and Smitty projects by completing CDN$3,200,000 in exploration expenditures, issuing 750,000 common shares of Xcite and making cash payments to Eagle Plains of CDN$55,000 over four years, for an aggregate of CDN$19,200,000 in exploration expenditures, 4,500,000 shares and $330,000 in cash to Eagle Plains. Upon Xcite fulfilling the terms of any or all of the earn-in agreements, an 80/20 joint venture will be formed, with Eagle Plains retaining a carried interest in all expenditures until delivery by Xcite or its assigns of a bankable feasibility study. During the option earn in period, XRI will be appointed as operator, and EPL will manage the exploration programs under the direction of a joint technical committee. The projects are owned 100% by EPL, who will retain an underlying 2% NSR royalty on the each of the properties.
About the Beaverlodge Uranium District
The Beaver River, Black Bay, Don Lake, Gulch, Lorado, and Smitty projects are located in the Beaverlodge District near Uranium City in the Lake Athabasca region of Saskatchewan. Occurrences of uranium mineralization are abundant in the Uranium City area and have been explored and documented since the 1940s. The Beaverlodge camp was the first uranium producer in Canada, with historic production of approximately 70.25 million pounds of U3O8 between 1950-1982, from ore grades averaging 0.23% U3O8. The two largest producers were the Eldorado Beaverlodge (Ace-Fay-Verna) mine and the Gunnar uranium mine. The Beaverlodge area has seen limited uranium focused exploration since the early 1990’s.
The Uranium City area projects have potential for both Beaverlodge-style and basement-hosted uranium mineralization.
Key features about the projects include:
- Outcropping, largely northeast-southwest-trending tectonic fabric;
- Electromagnetic conductors that have been confirmed as graphite-rich pelites within or near major faults;
- Anomalous uranium geochemistry and radioactivity associated with graphitic faults;
- Compelling property-wide evidence for hydrothermal alteration;
- Uranium mineralization with corresponding elevations in pathfinder elements.
These factors, along with the presence of a substantial uranium endowment in both basement rocks and Athabasca basin cover rocks, indicate excellent potential for economic uranium mineralization within the project. The mineralization, structures and alteration identified on the claims to date are strong indicators of the possibility of a nearby source for the uranium mineralization.
Eagle Plains’ management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
