Tuesday 27th September 2016

Resource Clips


Athabasca Basin and beyond

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43-101 report suggests exploration program for Brazil Resources’ Alberta project

A company focused on South American gold announced on September 19 a 43-101 technical report for a uranium property on the Athabasca Basin’s Alberta side. Brazil Resources TSXV:BRI has a 75% stake in the 885-square-kilometre Rea project, with AREVA Resources Canada holding the rest. The land surrounds AREVA’s Maybelle River project, which Brazil Resources describes as a relatively shallow, high-grade deposit.

Rea’s historic work included airborne and ground geophysics, as well as eight holes totalling 1,908 metres. The Maybelle River shear zone, which hosts AREVA’s deposit, extends north and south into the Rea property, as do several parallel conductors west and east of the shear zone, Brazil Resources stated.

The report recommends two areas of priority. The North zone would get about six holes totalling 2,600 metres to test below the previous holes, closer to the shear zone’s intersection with the unconformity. For the West zone, the report suggests ground electromagnetics to better define a previously identified EM conductor. Drilling would follow.

The company’s flagships are the Cachoeira and Sao Jorge gold projects in northeastern Brazil.

Alpha summarizes Carpenter Lake campaign

With spring-summer work complete, Alpha Exploration TSXV:AEX provided a rundown of Carpenter Lake’s progress on September 18. Airborne surveys conducted over the six-month period included TDEM, magnetic gradiometer and radiometrics. Crews also conducted radon-in-soil and radon-in-water surveys, as well as boulder prospecting.

While waiting for geochemical results the company’s compiling data from government surveys and historic reports. Alpha then expects to select drill targets for the coming winter. The company acts as operator on the 20,637-hectare property under option from Noka Resources TSXV:NX.

Alpha also announced TSXV approval for its Kelic Lake option and a private placement up to $500,000 to spend on Kelic Lake and Hook Lake.

See previous uranium news roundups:

Read expert commentary:

Thomas Drolet discusses nuclear power from a global point of view.

Thomas Drolet discusses Fukushima and nuclear energy’s outlook.

Tom Hope discusses uranium’s predicament and promise.

David Talbot discusses the metal’s challenges and potential, and the Athabasca Basin.

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