Reindeer/Wollaston Lake Area-Sask
The staked claim block is located 50 kilometers east of the Athabasca
Basin, Saskatchewan, within the Wollaston and Peter Lake Domain.
More precisely, the area is commonly known as the Compulsion
Bay-Reindeer Lake area, 160 km east-northeast of the Key
Lake Mine, 110 km east of McArthur River (457 million lb. U308 deposit),
and 90 km east southeast of Cigar Lake (232 million lb. U308 deposit).
The claims are accessible via helicopter, 80 km north from Southend
and 25 km south from Wollaston Lake, Saskatchewan. The west boundary
of the property is located approximately 40 km east of the gravel
road going from Southend to Stony Rapids, Saskatchewan. 
The Company will be commissioning Raymond A. Bernatchez, P. Eng.
to write a NI 43-101, Technical Report as soon as the property can
be accessed for further prospecting and sampling. The Company is
considering joint venture partnerships to explore and advance these
claims.
The Athabasca Basin occupies an area of about 100,000 sq km in
northern Saskatchewan and accounts for approximately 30% of global
primary uranium production. This uranium property further complements
the Company’s uranium projects located in the Northwest Athabasca
Basin near Uranium City, Saskatchewan and the Central Mineral Belt
of Labrador , and continues its business strategy of becoming a
prominent uranium development Company.
The area was staked based on strong radiometric anomalies identified
in airborne surveys in a joint survey carried out by the Saskatchewan
Industry & Resources/Natural Resources Canada (Geophysical Series-64-E-Compulsion
Bay). The property straddles along the northeast trending contact
between the Wollaston East Domain and the Peter Lake Domain. The
Needle Falls Shear Zone follows a northeasterly trend along this
contact and through the property.
The geology of the property is underlain with older (3.2-2.5 Ga)
felsic granitoid rocks overlain by significant amount of 2.5 to
1.83 Ga metasedimentary rocks. These rocks were later intruded by
1.92-1.77 Ga felsic granitoid and migmatite rocks of the Wollaston
Group. The sedimentary rocks consist of calc-silicate gneiss, marble,
amphibolite, meta-arkose, fine to medium, massive to foliated, to
locally layered gneiss, consisting of biotite, hornblende, diopside,
muscovite, sillimanite, garnet, cordierite, magnetite, pyrite, interlayered
with meta-quartzite, pelite and graphitic schist. Similarily, the
Eagle Point and Rabbit Lake Uranium deposits are located within
Early Proterozoic intermediate-felsic paragneiss, calc-silicate,
meta quartzite and graphitic paragneiss of the Wollaston Domain.
Four periods of exploration from 1963 to 1970, 1976 to 1979, 1981
to 1986 and 1995 to 1996 in the area NTS 64-E, were successful in
discovering numerous base metal (Zn-Pb-Cu-Ag) showings. This exploration
was also successful in discovering uranium mineralization. However
the main exploration efforts were placed on base metals. Most of
the work was of a preliminary nature.
The uranium mineralization is contained in a variety of host rocks,
such as in pegmatites, silicified meta-sediments, fault related
shear zones, granite gneiss, quartz-biotite paragneiss and graphitic
pelitic schist. Uranium mineralization appears to be structurally
controlled within the basement rocks in this area. The Needle Falls
Shear Zone and the Tabburnor Structural Shear System intersects
each other in the central portion of the property.
The geology and structure is similar to that reported on JNR Resources
Inc. nearby Yurchison, Way, and Pendleton Lake properties. Maps
allowing a view of the newly staked property will be available shortly
on the website.
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