Unearthing Tomorrow’s Value Today.
TSX.V: BFM
FWB: O8D
OTC: URGYF
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Unearthing Tomorrow’s Value Today.
TSX.V: BFM
FWB: O8D
OTC: URGYF
The Sheppard Lake Uranium Project covers an area of approximately 2250 hectares and adjoins Bedford’s Ubiquity Lake Project to the southeast. With this transaction, the Company now has under option over 3600 hectares of prospective ground located just south of the Athabasca Basin’s lip.
The project area is characterized by rocks of the Mudjatik domain, where uranium mineralization is typically basement-hosted, situated within shears or faults, and formed through hydrothermal redistributions of dissolved metals and subsequent redox reactions.
The main target at Sheppard Lake is a ~4km, northwest-trending EM conductor, which extends onto Bedford’s Ubiquity Lake block and forms part of a larger array of near-surface conductive anomalies.
This EM anomaly, which intersects the Cable Bay Shear Zone, has been observed in several airborne surveys, including a notable 2007 Aeromagnetic and Electromagnetic survey conducted by Fugro for Stikine Gold Corporation.
Subsurface EM conductors lying within magnetic lows are highly desirable exploration targets for uranium in northern Saskatchewan. Many significant uranium discoveries in and around the Athabasca Basin have originated from such targets.
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