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ELLIOT LAKE (UCORE)

U
40.70
USD/lb
0.49
green
http://www.infomine.com/ChartsAndData/Chartbuilder.aspx?z=f&dr=1y&g=127677
Data as of May 13, 2013 12:00AM UTC


Key Facts
Status: Raw Prospect
Type of Work: Surface
Location: Ontario, Canada
                 5 km NW of ELLIOT LAKE

Commodities: Uranium
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Latest Information
December 31, 2007
A follow-up program of line cutting and ground geophysics is planned for 2008 to better define target areas for drilling.
September 30, 2007
A two week prospecting program on the property was completed and a total of 24 bedrock and float samples were collected for uranium analyses. Results varied from 15 ppm U to 4,340 ppm U (0.51% U3O8 equivalent). Highlights of the prospecting program include the identification of a cluster of semi-massive hematitic float boulders within a 0.4 x 1 km area which assayed between 0.034% and 0.51% U3O8 and averaged 0.26% U3O8. A full low level airborne high resolution multi-channel spectrometer survey of the project was then conducted. The survey identified a number of total count and uranium channel anomalies, closely coincident with the favorable quartz pebble conglomerates. The most significant of these was a discrete target, 3 kilometres long by up to 700 metres wide, with radioactivity readings up to ten times background. This target, referred to as Ten Mile Lake East, is located within a linear west-northwest trending anomaly that traverses across the claims and includes the area of uranium-bearing float.
May 9, 2007
Compilation of historical work was in progress and an initial program of prospecting and mapping was scheduled for the summer.
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