Companies have now completed the staking of and additional
11,109 hectares adjoining the existing 750 hectare
Crackingstone River Property (“Orbit Lake”) located
on the north shore of Lake Athabasca and 8 km. SW of Uranium
Historic work in the area dates back to the 1950’s.
From 1953 to 1982, sixteen deposits were brought into production
in the Uranium City area. Past production in the area came
from four outside occurrences; the Cinch, Lorado, Rix Smitty
and Leonard occurrences. The Cinch Lake and Rix Smitty mines
produced a total 1,869,000 lbs. of U308.
The magnetic resolution of this area has clearly defined
the Crackingstone Fault which is the westerly extension of
the St. Louis Fault. The St. Louis Fault is host to the Ace,
Fay, Verna, and Bolger deposits. The Cinch Lake Uranium mine
is located at the easterly extension of the Crackingstone
Fault at its intersection with the north-easterly trending
Black Bay Fault.
The Crackingstone Fault extends westerly through the CRR Property
and onto the newly staked ground. Two additional north-easterly
trending faults, the Spot Lake and Powerline Fault intersects the
Crackingstone Fault west of the CRR Property.
18 uranium showings were located on the property as listed and
described by Beck (1969). Two previous bulk samples were taken from
two showings located on the property. The first was a 46 ton hand
sorted bulk sample from the Amax’s 50-CC1-80 showing assaying
0.5% U308. A second 6.5 ton hand sorted bulk sample, was extracted
from Mylo’s Lease (Rix #49-CC1-4) assaying 0.5% Uranium. Rix
Athabasca Uranium Mines Ltd. reported a grab assay of 12.53% U308
from the Rix #59 showing located in the southwestern portion of
The new claims now adjoin a large claim block to the south owned
by CanAlaska Uranium Ltd. (“CVV”). The world’s
largest uranium producer, Cameco Corp. (“CCO”), holds
a block of claims to the west of the property.
In October 2006 the Companies filed a NI
43-101 Technical Report on the potential of the
original 750 hectare property. More on the results in the
Oct. 26, 2006
news release or download the full technical report from the
Kaput Lake - Spot Lake Fault, Orbit Claims
Kaput Lake, 65,535 counts per
second spectrometer reading - yellow stain (2007)