The East Key Lake Project is a 759-hectare claim (S-111568) located approximately 15.6 km SE of the Key Lake Mine. The claim lies between Hathor’s Russell South Project and Triex Minerals’ Highrock Project. The northwest corner of the claim exhibits a magnetic low feature which corresponds to a larger northeast trending fault. Uranium discoveries in this region, and particularly those in the Key Lake area, have been made in chasing conductors found within magnetic lows. To date, there has been no ground geophysics conducted on the claims.
Cameco’s Key Lake Mine produced over 200M pounds of uranium from 1983-1987. Key Lake is currently processing ore from the McArthur River mine and from stockpiles on site. The mill has an annual production capacity of 18.7 million pounds U3O8, the largest capacity in the world.
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Preliminary results from the Company’s Z-TEM survey have shown excellent correlation with the Saskatchewan government’s EXTECH IV regional Mag/EM survey conducted in 2004. An examination of total magnetic intensity (TMI) revealed a roughly northeast-trending magnetic feature, interpreted as an archean granitic fold or body. In addition, electromagnetic (EM) data revealed a significant conductive anomaly coincident with a magnetic low, just west of the magnetic high. This conductive region has been preliminarily evaluated as a high priority target zone at East Key Lake. Uranium-rich mineralization at the Key Lake, Collins Bay and McClean mines were all discovered at or near conductive sandstone layers at the transition between sandstone and granitic zones, presumably because these are regions of faulting through which mineralizing fluids have entered the Basin.
Athabasca Uranium Inc. Presentation
Athabasca Uranium Inc. is included in The Energy Report
""I'm interested in companies with assets in the Athabasca Basin. . .I told my readers about the big, safe assets first and looking back, we did a pretty good job, timing wise. Now that we have established the trend, we will start to pick off the best of the exploration plays because I think that that's a good place to make some money over the next year or two. I will definitely look at Athabasca Uranium Inc." View entire article
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Pathway Asset Management Mining Pick Of The Month: Athabasca Uranium Inc. (UAX:TSX.V ) - By Barbara Thomae- Senior Mining Analyst. click here for the article
Streetwise Reports interview with GoldStock Trades editor Jeb Handwerger, "Nuclear Power Is on an Upswing." click here for the article
.....There are other prospects in the Athabasca Basin just beginning to announce new alterations and discoveries. One small explorer that we are closely following is Athabasca Uranium (UAX:TSXV or ATURF:OTC) which stands out as a promising plum. click here to read the article