The 1996 ha project overlies 4 Saskatchewan Mineral Deposit Index (“SMDI”) occurrences associated with Beaverlodge-type basement hosted uranium mineralization. The project area contains both Beaverlodge-type and basement-hosted unconformity style uranium mineralization potential, with three Beaverlodge-type historical mines.

Geological mapping reveals complex interbanded sequences of metasediments (including quartzite and graphitic pelite), minor metavolcanics, and several generations of gneissic granitic rocks, with subordinate crosscutting pegmatites and mafic dykes.

The 12,164 ha Karin Lake Property is located near Upper Foster Lake in northern Saskatchewan, 190 km north of La Ronge and 35 km SE of the Key Lake Mine.  It is accessible by float plane and helicopter with Cameco’s Key Lake Mine road located 30 km to the west providing a staging area for work programs.  The SE margin of the Athabasca Basin lies approximately 15 km to the north of the property. 

About the Beaverlodge Uranium District

History

In the Pine Channel area, reconnaissance geology in the form of government reviews and mapping programs began in the late 1950’s. Several additional reports on uranium deposits and gold occurrences were carried out being carried out into modern times.  In the late 80’s geological mapping at the 250k scale had been completed over the area.  Additional government datasets include 3 airborne geophysical surveys and GSC lake sediment geochemistry.

The 2571 ha Shasko Bay project is located along the southeast shore of Lake Athabasca in northern Saskatchewan, 20 km southeast of Fond-du-Lac, and adjacent to Eagle Plains’ Pine Channel Au project.