Geological Setting

The Christie Lake Project lies within the western part of the Wollaston Domain that is part of the Cree Lake Mobile Zone of the Trans-Hudson Orogen. Depth to the unconformity between Archaean granite or Aphebian metasedimentary assemblage and the overlying Helikian Athabasca Group sandstone and conglomerate ranges from about 405 to 485 m. Sandstone outcrop exposure is very poor due to glacial overburden cover of up to 90 m.

Within the project area, basement metamorphic rocks have been subdivided into two units, an “Upper Unit” and a “Lower Unit”. The Upper Unit consists mostly of the metasemipelites and the Lower Unit mainly of the psammites and quartzo-feldspathic gneisses. The Upper Unit includes a graphitic section near its base that is also related to uranium mineralization.

The Wollaston Group was deformed and metamorphosed during the Hudsonian Orogeny. Major faults trending northerly, northeasterly, easterly and southeasterly have been inferred from the regional magnetic data. Evidence of multiple folding and faulting as also been encountered by drilling in the western part of the property. The northwest trending Mackenzie diabase dikes have never been encountered by drilling.

Exploration Activities and Results

PNC Exploration Canada Co. Ltd. (PNC) originally acquired the project through staking which occurred between 1985 and 1990. PNC actively explored the property until 1997 with various airborne and ground geophysical surveys and over 47,000 m of drilling in 95 diamond drill holes.

Exploration resulted in the discovery of two adjacent mineralized pods and PNC completed a non‑compliant NI 43-101 resource in 1997. Uranium mineralization is basement-hosted, fracture‑controlled to disseminated and monomineralic. Mineralization is closely related to a graphitic unit that is often brecciated. Quartzite, where present, is always below the mineralization. Sandstone above the unconformity is structurally disrupted clay (kaolinite-illite-sudoite) enriched and locally uranium anomalous. The unconformity, however, is not disrupted. The clay assemblage in the basement is dominated by kaolinite-illite-sudoite ± clinochlore. Lead, nickel, cobalt, vanadium, molybdenum, boron and gold are anomalous within the mineralized areas.

The uranium anomalous conductive trend which was been defined by ground electromagnetic surveys continues for at least 1.5 km northeast of the mineralized pods.

Additional conductors on the property remain sparsely tested or completely untested with diamond drilling to date.

JCU purchased the Christie Lake Project from PNC in November 2000.