East Athabasca Basin Projects
Cree Bay
key highlights
LOCATION AND ACCESS
The Cree Bay property comprises 16 mineral claims totaling 14,080 ha located within the northern edge of the Athabasca Basin and is 20 km south of Stony Rapids. Cree Bay is along the prospective Black Lake Shear Zone and associated electromagnetic conductive horizons which can be traced for at least 200km across the Athabasca Basin and is associated with Cameco’s Centennial deposit. The project is also 7km northwest of the Nisto mine and along strike of Forum and Orano’s joint venture Fir Island property and the prospective Cathy Fault.
GEOPHYSICS
In August 2015 an airborne high resolution magnetic & radiometric survey was carried out over the property. Numerous lineaments related to basement rock contacts and structures were detected. A DC Resistivity ground geophysical survey conducted in 2017 covering two separate grids and was successful in mapping apparent alteration chimneys in the lower Athabasca Sandstone column as well as upper basement rock units. In 2019 ground DC Resistivity and TEM surveys covered 27 km and targeted an area identified by historic airborne geophysics. In 2022 F3 Uranium carried out further ground TEM surveys designed to pinpoint conductive basement faults at greater depths and resulted in better resolution of a significant conductor associated with a resistivity low anomaly.
DRILLING
Drilling in 2015 by Forum Uranium 9 km to the northeast at their Fir Island property revealed dravite and sulphides in the sandstone column overlying a major structure named the Cathy fault which exhibits a 50m down-drop of the sandstones and is interpreted to strike southwest onto the Cree Bay property. Drilling by F3 Uranium in 2019 was based on ground geophysical targets and encountered significant faulting, strong hydrothermal alteration and elevated concentrations of boron in the sandstone up to 582ppm in hole CB19-001. A deeper than expected sandstone-basement unconformity surface indicated a possible major structural offset; this would represent a favourable setting for uranium mineralization
Maps
