Key Lake Road Projects
Key Points of Interest
- This property is located 13 km to the northeast of the McArthur River Uranium Mine, along the same favourable trend of Wollaston Domain rocks.
- Closer to the property, the Paul Bay Ore Shoot lies 2.5 km to the southeast. This is a tongue-shaped lens of mineralization with a pitchblende-uraninite core surrounded by a sulphide-arsenide zone. Historic drilling returned a best intersection over 2.5 m of 22.3% U3O8 within a wider 8.0 m interval of 9.38% U3O8. An ore calculation by PNC Exploration estimated 212,924 tonnes at an average grade of 2.99% uranium (PNC Canada, 1992). The Ken Pen Ore Zones were later discovered 250 m to the north of Paul Bay, where drilling returned a best intersection of 4.4% U3O8 over 9 m within basement Wollaston Group rocks.
- Within 2.5 km to the northeast of the property is the C-1 East Conductor Showing, where drilling on a conductor that trends towards the Close Lake Property encountered vein-type pitchblende averaging 2.3% uranium over a 22 m thick sequence of Athasbasca Group basal conglomerates overlying clay altered pelites starting at 497 m depth. Copper and zinc values reached 6,400 ppm and 1,100 ppm respectively. A deeper wide graphitic lithology ran up to 4% uranium over 0.5 m, along with 2.9% copper and 4,100 ppb gold.