In addition to the projects at Shea Creek and Douglas River, the Western Athabasca Projects consist of eight other project sites. Several areas have been noted for testing and drilling has been carried out on the Alexandra, Erica, Laurie and Mirror River project sites. These projects are accessible by Provincial Highway 955 and an airstrip maintained by AREVA Resources Canada Inc. ("AREVA"). The Cluff Lake Mine camp has been used as a base to conduct exploration work.
Exploration on the Western Athabasca Projects is at an early stage. To date, airborne and ground geophysical surveys and drilling in widely spaced diamond drill holes have been completed. Diamond drilling and directional drilling has been carried out at Alexandra, Laurie, Erica and Mirror River.
Numerous conductors have been identified and confirmed on the properties with signatures similar to the highly prospective Saskatoon Lake Conductor, which is associated with uranium mineralization on the Shea Creek property. The presence of conductors in the area indicates the potential for unconformity-type uranium mineralization within the Western Athabasca properties.
UEX and AREVA continue to evaluate the uranium exploration potential of the Western Athabasca Projects.
Ownership: 49% UEX Corporation, 51% AREVA Resources Canada Inc. ("AREVA")
Project operator: AREVA
Property size: 116,137 hectares, 53 claims
Project sites: Alexandra, Brander Lake, Erica, Laurie, Mirror River, Nikita, Uchrich
(as at December 31, 2012)
|Exploration||C$ 9.2 million|
2013 Joint Venture Budget
Uranium Quick Fact:
Uranium's most useful property is that its atomic structure can be changed in a process that releases energy in the form of heat. Inside a nuclear reactor, this heat is harnessed to generate electricity without producing greenhouse gases.
(Source: Learn about Uranium)Glossary