- Basin Uranium Corp. (NCLR) has begun geophysical surveying at its Mann Lake project located 25 km southwest of the McArthur River Mine
- The Mann Lake uranium project is located in the Athabasca basin in Northern Saskatchewan, 15 km to the northeast of Cameco’s Millennium uranium deposit
- The geophysical program consists of 350-line kilometres of airborne mobile magnetotellurics (mobile MT) flown at 200-metre line spacing
- The company will start a complete ground-based gravity survey in the coming weeks
- Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector
- Basin Uranium Corp was up 5.88 per cent, trading at $0.27 at 09:32 ET
Basin Uranium Corp. (NCLR) has begun geophysical surveying at its Mann Lake Project.
The project is located in the Athabasca basin in Northern Saskatchewan, 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.
The geophysical program consists of 350-line kilometres of airborne mobile magnetotellurics (mobile MT) flown at 200-metre line spacing.
In addition, the company will start a complete ground-based gravity survey in the coming weeks.
“Building on the success of our phase one drill program, which targeted interpreted basement conductors, successfully intersected uranium mineralization in multiple drill holes,” noted Basin CEO Mike Blady.
“This geophysical survey we are embarking on will look to significantly expand the geophysical database to both identify new prospective conductive corridors and/or features, in addition to refining the resolution of known conductors to better define follow-up drill targets for later this year,” he added.
Expert Geophysics Limited (EGL) is a geophysical company specializing in airborne geophysical surveys worldwide with advanced electromagnetic systems.
EGL will be flying approximately 350-line kilometres of mobile magnetotellurics (mobile MT), which is used to detect where basement features coincide with graphitic zones – the most significant marker for identifying prospective uranium deposits.
This survey is superior to other airborne electromagnetic (EM) surveys given greater depth of investigation and sensitivity in conductive environments and under conductive units.
Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector.
Basin Uranium Corp was up 5.88 per cent, trading at $0.27 at 09:32 ET.
