Athabasca Basin Uranium
The Newnham Lake Property is located along the shallow northeast margin of the Athabasca Basin, approximately 75 km SE of Stony Rapids, Saskatchewan.
Historic exploration dates back to as early as 1967 at Newnham Lake. The project has seen extensive exploration over the years for unconformity style uranium mineralization, with drill holes typically only continuing a few meters past the unconformity. The majority of exploration focused on an east-west trending conductor, with coincident low resistivity and gravity geophysical anomalies. While historic exploration did not test for basement hosted uranium mineralization, similar to recent discoveries at NexGen’s Arrow Deposit or Denison’s Gryphon Deposit, numerous drill holes did intersected anomalous uranium at the unconformity, suggestive of a deeper source.
Recent exploration (2018) tested a large resistivity anomaly at depth, within the crystalline basement, and intersected extensive alteration within two large shear/fault zones at depths of 253 - 265 m and 360 - 423 m. This new discovery may lead to a possible source for the historical anomalous uranium values and requires more drilling.
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