The Hook-Carter Property encompasses 16,461 ha (40,676 acres) within the Patterson Lake South (“PLS”) camp and covers the northeastern extensions of three known conductive trends and host to four recent and significant uranium deposit discoveries (Triple R; Arrow; Bow; Spitfire):
a) Patterson Lake Corridor;
b) Derkson Corridor; and
c) Carter Corridor
The HeliSAM TEM geophysical survey over the Property has confirmed the presence of multiple basement conductive units. This is substantiated by preliminary Maxwell model fitting using a starting model based loosely on a previous interpretation by Condor Consulting, Inc. of Lakewood, Colorado of VTEM data along strike of the W1/W2 area. A complex model consisting of six or more conductors within a 2.5 km width is estimated in the W1/W2 area and a complex model of three or more conductors within a 1.5 km width in the A1 area. The data are currently under review for final interpretation and reporting.
The complexity of the conductors precludes uniqueness and accurate locations of individual conductors. Alternate methods such as DC Resistivity and gravity are recommended to help establish drill targets in these areas.
View the press release here.