Black Lake Project

Black Lake Project

Summary

  • Joint venture with AREVA, 9.08% owned by AREVA and 90.92% owned by UEX as the project operator
  • Located in the largely unexplored part of the Athabasca Basin
  • Drilling at Black Lake has intersected unconformity-style mineralization in the northern Black Lake property
  • Extensive clay alteration zones have been intersected on the property consistent with those associated with uranium mineralization elsewhere in the Basin
  • Prospective structures (reverse faulting on main conductor, east-west cross structures) are also noted throughout the property and are considered good potential hosts for uranium mineralization
.