Keefe Lake Project
The 12,832-hectare Keefe Lake Project is comprised of three claims on the eastern margin of the uranium-rich Athabasca Basin, the most productive uranium-producing region in the world. The Project is approximately 22 kilometers southeast of the McArthur River Mine, the world’s largest high-grade uranium mine with proven and probable reserves of 335.5 million pounds U3O8 and an average reserve grade of over 15%. The Keefe Lake Project was most recently explored by Mega Uranium in 2007-2008, with approximately $3,000,000 expended on exploration in a two-phase work program that included a Mag/EM airborne survey and a high-definition 2D seismic reflection survey.
Location Map
Exploration Processes
In 2008, Aeroquest International Ltd. completed a 737 line-kilometer helicopter-borne geophysical survey over the Keefe Lake property. This geophysical survey consisted of an AeroTEM IV (‘Oscar’ System) time domain helicopter electromagnetic survey and a magnetic survey. The survey was flown at 200-meter line spacing in a NW-SE flight direction. The survey was successful in delineating multiple EM anomalies coincident with magnetic lows and interpreted faults.
In 2007-2008 Kinetex Resources completed a high-definition 2D seismic reflection survey on the northern two claim blocks of the Keefe Lake Project to: (a) define the unconformity along all the lines and generate a structural depth map of this subsurface contact; and (b) establish relevant structural trends in the basement to identify potential target areas for future mineral exploration. Approximately 50 kilometers of access line over the Keefe Lake Project were completed as well as 69 line-kilometers of 2D seismic reflection data acquisition over 8 seismic lines. This survey has been performed on several important uranium deposits and mines in the Athabasca Basin, including the McArthur River Mine, and the Millennium Deposit. Kinetex also performed this identical survey for Hathor Exploration, which was instrumental in the discovery of their Roughrider Zone.
Processing and interpretation of the survey data was completed by the Seismic Laboratory of the Geology Department of the University of Saskatchewan under the supervision of Zoltan Hajnal, PhD, Professor of Geophysics. The seismic survey was successful in generating high quality and regionally coherent data sets. The intersecting survey lines provided sufficient information for establishment of the prominent regional structural framework in the prospect area. The data revealed, with significant details, the multi-phase deformation of the subsurface. The high level of correlation between the seismic trends and the magnetic signatures is a clear indication that the seismic data reveal structural environments in the basement very promising for mineral exploration in the prospect area.
Drilling
Diamond drilling at Keefe Lake is expected to commence in September 2011. The Company has planned a 10 short-hole (approximately 3,000 meters) program to test high-value targets defined by the surveys above. Target depths are expected to range between 200-300 meters.
Maps
Keefe K-3 Webb River
The Webb River Project covers an area of ~ 5386 hectares on the eastern edge of the Athabasca Basin. The Webb River Project lies within the same geological setting and is proximal to two significant eastern basin deposits: the West Bear Deposit and the Moore Lake Deposit. In 1979-1980 Sander Geophysics conducted an 850m line airborne VLF-EM and magnetometer survey in an east-west direction with 200m line spacing. Later that year 85km of ground VLF-EM was completed by Sander and another 678km were completed by Phantom Exploration Services. Both surveys were successful in delineating a series of parallel, north-east trending conductors. In the near term, the Company will be focusing its attention on these shallow conductors, with the intention of delineating drill targets.
Property Maps ( click on image to zoom )
