If you haven’t seen our latest press release, we’ve just announced the discovery of a second boulder train at PLS which in fact is an extension of the high grade boulder field that we discovered in 2011. I encourage you to read the release for the full technical info and to check out the updated map below but for now, here’s some more detail:
A total of 40 anomalous surficial rocks ranging from in size from 1cm to 45cm have been identified by prospecting. Nearly half of them (17) are measured as off-scale (> 9,999 counts per second [cps]) by a hand held Exploranium GR-110G total count gamma-ray scintillometer.
The new discoveries are a result of ground follow-up of a recently completed high resolution radiometric / magnetic airborne survey which was carried out by Special Projects Inc, the same company that carried out the 2009 survey which in turn led to our original high grade boulder field discovery.
Why are we excited by these results? Well, investigation of radioactive boulder trains has led to the discovery of many uranium deposits in the Athabasca Basin, including the nearby former producing Cluff Lake Mine (>60 million lbs produced).
Here are some points that our head geologist, Ross McElroy, has mentioned:
• The highly mineralized boulders are soft, friable and easily broken down to cover small fragments and are associated, predominantly, with basement metasedimentary boulders and suggest a significant bed rock source in an area of pre-Athabasca basement rocks, having the potential to host high grade mineralization.
• While there is no certainty that any in situ uranium deposits will be discovered on the property, boulder mineralization appears to be analogous to the Cluff Lake and Millennium deposits.
• The boulder train is located only 1.5 km west of the all-weather Provincial Highway 955, which runs north to the former producing Cluff Lake Mine.
• Overall, the project is easily accessible, which will allow for cost-efficient exploration for identifying new shallow targets
As you know, we also have two drill programs in place at PLS, following up on promising drill results from earlier this year. You can check out this press release for the latest available information on the drill program.
As ever, don’t hesitate to get in touch with any questions via phone, contact form or Twitter.
Dev Randhawa
