Unearthing Tomorrow’s Value Today.
TSX.V: BFM
FWB: O8D
OTC: URGYF
Unearthing Tomorrow’s Value Today.
TSX.V: BFM
FWB: O8D
OTC: URGYF
The Close Lake Uranium Project lies on the eastern side of the Athabasca Basin, adjoining claims held by Cameco Corporation, the largest uranium producer in the world. The claim is approximately 245 hectares and lies within the primary exploration corridor, which hosts the Keys Lake mine, the Cigar Lake Mine and the McArthur River Mine. The property is accessible through a network of roads and trails.
In 2018, Orano / Cameco completed an ML-TEM ground survey on claims adjacent to the Corner Lake claim. The survey was successful in identifying a conducive array lying within a magnetic low: the classic uranium exploration target for the Athabasca Basin.
It is of note that most, if not all, uranium discoveries have occurred “off-conductor,” i.e. adjacent to conductive (graphitic) anomalies and not directly beneath. Graphitic conductors are mobile within the hydrological situ of the basin sandstone complex.
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