ATHA Energy Corp. discovered uranium mineralization at numerous areas throughout the North Valour-East Project in Saskatchewan’s Athabasca basin in the company’s North Rim Exploration district.
The company released the results from its large-scale electromagnetic (EM) surveys at North Valour on Wednesday.The North Valour Project comprises fourteen mineral claims, totalling 63,843 hectares, situated approximately 10 km and 4 km away from the former Gunnar and Gulch uranium mines. Exploration teams have identified uranium mineralization at various locations within the property, including outcrops and boulders, as well as historical intersections at depth through diamond drilling. So far, the team has received and processed full results from five out of seventeen project areas, resulting in the identification of 291 km of conductive lineaments and the definition of 25 prospective targets across the North Rim, East Rim, and Cable Bay exploration districts.Wednesday’s announcement covers six of these prospective targets, which coincide with uranium mineralization. Additional EM surveys on the remaining twelve projects have been completed and are being processed. The company anticipates that these results will provide clarity on the prospectivity of the largest exploration portfolio in the Athabasca basin.
