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BAKER LAKE
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Key Facts
Location:
Nunavut, Canada
50 km West of BAKER LAKE Commodities: Diamond, Uranium
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Comparable Properties
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Latest Information August 5, 2008 Reported the results from the reprocessing of proprietary geophysical data from a 6,302 line-km airborne magnetic, electromagnetic and gamma-ray spectrometric survey. total of 2,394 discrete radiometric anomalies1 ranging up to 11.95 ppm U and forming 74 clusters of anomalies were defined over four survey blocks. Highlights: · South Block: 33 clusters of uranium anomalies identified, nine of which contain “high-priority” 2 uranium targets for follow-up investigation. · North Block: 15 clusters of uranium anomalies identified, four of which contain “high-priority” uranium targets for follow-up investigation. · East Block: 11 clusters of uranium anomalies identified, nine of which contain “high-priority” uranium targets for follow-up investigation. · West Block: 15 clusters of uranium anomalies identified, five of which contain “high-priority” uranium targets for follow-up investigation. In the fall 2006, a uranium exploration campaign was launched to follow-up on the conclusions of a 43-101- type report filed by MPH Consulting Ltd (“MPH”) of Toronto. Based on a geological compilation and analysis, MPH identified priority areas on the property and selected seven specific target blocks to be tested by deeppenetrating airborne geophysical surveying. The seven blocks were subsequently flown within the scope of a more extensive airborne geophysical survey totalling 5,992 line-km. This survey, covering both diamond and uranium permits, was completed in October 2006. |
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