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Erica
The Erica Project, staked in 1996, is prospective for duplicating the Shea Creek geological setting. COGEMA's exploration strategy is well established and backed up by leading-edge technology (airborne and ground EM, and directional drilling). A first pass airborne MEGATEM survey in late 2002 identified a number of conductive zones at greater than 700 metres and a close relationship with conductors already mapped by previous moving loop TEM ground surveys.
A winter 2005 geophysics exploration program consisted of 62.6 kilometres of grid preparation, 23.6 line kilometres of UTEM III moving loop and 65.8 line km of GPS surveys. A DC Resistivity survey totaling 35 line kilometres was completed over the UTEM grid during late summer of 2005. Interpretation of results is ongoing. The objective of the geophysical program was to locate and characterize basement conductors detected by the 2002 MEGATEM(r) airborne survey.
Follow-up diamond drilling in the 2005 winter program consisted of three regional drill holes (ERC-06, 07, 08) totaling 2,110 metres. Only two holes intersected the unconformity while the third (ERC-08) was stopped at 422.0 metres due to early spring break-up; the casing was left in the hole to return at a later date. Two drill holes intersected unaltered Athabasca sandstone before reaching the unconformity at a depth between 740 metres and 745 metres. No structures or graphite-rich lithology was intersected in the basement.
Processing and interpretation of the collected data from the 2004 Fugro MEGATEM(r) and Falcon(r) Gravity Gradiometer survey is ongoing.
Laurie
The Laurie Project, staked in 2000, is a grass roots project that has a similar geological relationship to the Shea Creek area. Airborne MEGATEM has identified well-constrained conductive zones and a favourable structural setting for unconformity-type uranium deposits.
During the winter 2005, a transient electromagnetic ("TEM") moving loop survey and a DC Resistivity survey were carried out on the project. Grid preparation for the ground surveys amounted to 73.0 line kilometres. One diamond drill hole was completed totaling 351.0 metres, and was planned to intersect the Laurie conductor along strike with a fence of historical drillholes to the south. The drillhole encountered graphite in enough quantity to explain the conductor, but alteration in the sandstone and basement, and structural disruption was minimal.
During the summer 2005, a DC Resistivity survey totaling 41.0 kilometres was carried out on the project. The results of the 2005 TEM and DC Resistivity surveys have outlined a number of new drill targets on the project.
The 2006 winter program is planned to consist of a 6-hole diamond drilling program of approximately 2,300 metres over the electromagnetic conductors defined by the ground geophysical programs carried out from 2003 to 2005. Drill hole locations will be influenced by the location of resistivity lows interpreted as hydrothermal alteration zones within the Athabasca sandstone unit as defined by the 2005 DC Resistivity program. The final location of the drill holes is dependent upon further modeling of the collected geophysical data.
Mirror
The Mirror Project, staked in 2001, is a grass roots project that has a similar geological relationship to the Shea Creek area. Airborne MEGATEM has identified well-constrained conductive zones and a favourable setting for unconformity-type uranium deposits.
In 2006, a diamond drilling program consisting of approximately 2,300 metres is planned in 6 diamond drill holes to test TEM conductors defined by the 2004 and 2005 geophysical programs.
Alexandra
The Alexandra Project, staked in 1997, has a reasonable chance of duplicating the Shea Creek geological setting. The exploration strategy is well established and backed up by adequate technology (airborne and ground EM, directional drilling). A first pass airborne MEGATEM survey in late 2002 identified a number of conductive zones at greater than 700 metres and a close relationship with conductors already mapped by previous moving loop TEM ground surveys.
In 2005, two vertical drill holes totalling 1,788 metres were completed by COGEMA over the UTEM III conductors already defined during the 2004 field season. None of the ALX holes intersected a conductor or anomalous radioactivity. Further interpretation of existing data is planned to evaluate areas for future drilling programs. Processing and interpretation of the collected data from the 2004 Fugro MEGATEM(r) and Falcon(r) Gravity Gradiometer survey is ongoing.
Uchrich
The Uchrich Project is a grass roots project that has a similar geological relationship to the Shea Creek area. In the 2002 MEGATEM survey results, a conductive trend was observed between the Laurie and Mirror River projects and the trend was staked in early 2004. Airborne MEGATEM has identified well-constrained conductive zones and favourable structural components.
During the winter of 2005, a moving loop electromagnetic survey totaling 13.2 kilometres was carried out on the project. Grid preparation for the ground surveys amounted to 47.2 line kilometres. During the summer 2005, a DC Resistivity survey totaling 40.0 kilometres was carried out on the property to search for areas of hydrothermal alteration within the Athabasca sandstone rocks.
In 2006, work will consist of processing and interpretation of the collected data from the 2005 ground geophysical surveys to define potential drill targets.
Nikita
The Nikita Project, staked in 2004, is prospective for duplicating the Shea Creek geological setting. The exploration strategy is well established and backed up by adequate technology (airborne and ground EM, directional drilling). A first pass airborne MEGATEM survey in late 2002 identified a number of conductive zones at greater than 700 metres and a close relationship with conductors already mapped by previous moving loop electromagnetic ground surveys.
In 2006, a winter ground geophysical program is planned totaling 32.0 kilometres of moving loop electromagnetic surveys, 42.0 kilometres of DC Resistivity and 66.8 line kilometres of grid preparation over conductive "bright spots" outlined by the 2004 airborne MEGATEM(r) survey.
James Creek
The James Creek Project is 29,784 hectares (73,566 acres) in area. James Creek covers significant basement conductors detected by deep-penetrating, airborne geophysical (MEGATEM) surveys carried out during the fall of 2004.
In 2006, a ground geophysical program is planned totaling 60.0 line kilometres of DC Resistivity and 70.0 line kilometres of grid preparation. Two grids are planned over conductive "bright spots" outlined by the 2004 airborne MEGATEM survey. Previously collected magnetic and gravity data support the presence of cross-cutting structures over the grid areas.
Brander Lake
The Brander Lake Project totals 21,087 hectares (52,085 acres) in area. Brander Lake covers significant basement conductors detected by deep-penetrating, airborne geophysical (MEGATEM) surveys carried out during the fall of 2004.
In 2006, a ground geophysical program is planned consisting of 43.4 line kilometres of transient electromagnetic moving loop, and 137.4 line kilometres of grid preparation. The ground geophysical survey is designed to follow up on a recent MEGATEM airborne survey that identified multiple conductive horizons in the area.
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