The Beatty River Project is located in the western Athabasca Basin of northern Saskatchewan, approximately 40 kilometres south of the Shea Creek property and south of the Carswell structure, a probable meteorite impact structure.
UEX has been funding exploration at Beatty River since 2004 and earned a 25% interest in the project in early 2013.
A GEOTEM survey was conducted at Beatty River in 1990 and detected basement conductors in the area. This was followed by ground electromagnetic and magnetic surveys and 21 widely spaced drill holes from 1991 to 1998. Most notably, drill hole BR-21 displayed uraninite-coffinite mineralization in a fault gouge with values of 873 ppm uranium and associated anomalous nickel, copper, vanadium and molybdenum values. The latter elements are considered to be pathfinder elements for uranium deposits in the region.
Since 2004, additional drill holes and geological surveys have been completed to better define the location of the conductors, faulting and alteration at Beatty River.
Several parallel conductive trends have been identified on the Beatty River property including the prospective Anne Lake trend with a strike length of approximately 10 kilometres. Drilling in the area has also identified alteration and structural disruption warranting further exploration. Future follow-up drilling will target the conductor in close proximity to interpreted faults.
The Shea Creek property has a long history of exploration which provides a wealth of knowledge and a solid base for exploration and drilling programs that have yielded impressive results to date.
Ownership: 25.00% UEX Corporation, 24.29% JCU (Canada) Exploration Company, Limited ("JCU"), 50.71% AREVA Resources Canada Inc. ("AREVA")
Project operator: AREVA
Property size: 6,688 hectares, 7 claims
(as at December 31, 2012)
2013 UEX Budget
Uranium Quick Fact:
Electricity generation from nuclear power creates virtually no CO2 or other greenhouse gases, and does not contribute to smog.
(Source: Canadian Nuclear Factbook)Glossary