Black Lake is located in the largely unexplored northern part of the Athabasca Basin approximately 15 kilometres south of Stony Rapids, Saskatchewan, and within 80 kilometres of known deposits and prospects such as Fond du Lac and Middle Lake. Black Lake is a prospective property for the discovery of an economically viable uranium deposit.
Drilling at Black Lake has intersected unconformity-style mineralization in the northern Black Lake property along a strike length of more than 1.7 km along and adjacent to the Eastern Fault Zone of the Platt Creek Fault system.
Exploration at Black Lake has successfully identified uranium mineralization of the unconformity type, although no discrete deposits have yet been defined. Future exploration activities will assess the potential of known intercepts, as well as drill testing of other portions of the over 20-km strike length of the Platt Creek Fault zone/conductor on the property. As with other portions of the Athabasca Basin, the presence of the style of mineralization intersected to date continues to indicate that nearby mineralized zones may be present in the area.
Ownership: 89.97% UEX Corporation, 10.03% AREVA Resources Canada Inc.
Project operator: UEX Corporation
Property size: 30,381 hectares, 12 claims
(as at December 31, 2012)
2013 Joint Venture Budget:
Uranium Quick Fact:
The density of uranium is about 70% higher than lead, but less than that of gold or tungsten.Glossary