The Conversation (0)
Athabasca Uranium Inc. (TSXV:UAX) reported analytical results of its 2011 diamond drilling program at the Keefe Lake Uranium Project in the Athabasca Basin region of Saskatchewan: two holes encountered significantly anomalous alteration and another containing chloritic alteration at various intervals below the unconformity, a common feature found in the host rocks containing uranium mineralization.
As quoted in the press release:
As previously reported in a release dated November 24, 2011, Hole AU4-1 intersected a large zone of alteration that started in the sandstone column, and continued well into the basement. In addition to the visible alteration in the sandstone, elevated levels of uranium indicator metals have been identified, which include: Cobalt (up to 12 times background), Arsenic (up to 3 times background), Lead (up to 5 times background) and Nickel (up to 9 times background).
Samples from basement lithologies within Hole AU4-1 revealed elevated levels of uranium (up to 155 ppm U) within a sheared/fractured granitic pegmatite. The basement of Hole AU4-1 consists predominantly of quartzite with minor intervals of arkosic quartzite, semipelitic gneiss and amphibolite.
Athabasca Uranium President Gil Schneider said:
“We are extremely pleased with the results from Keefe Phase 1 – we believe that the identification of a quartzite lithology in addition to the uranium indicator metals in the sandstone marks a significant milestone for the Keefe Lake Project. Our Phase 2 drilling, moving to its second hole at present, will help to validate our theories for the Keefe area”.
Click here to read the Athabasca Uranium Inc. (TSXV:UAX) press release
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