• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    Uracan/UEX Starts Winter Drill Program at Black Lake Property in the Athabasca Basin

    Vivien Diniz
    Feb. 12, 2014 09:59AM PST
    Company News

    Uracan Resources Ltd. (TSX.V:URC) and joint venture partner, UEX Corporation (TSX.V:UEX) started the $650,000 diamond drilling program of approximately 3,000 metres on the Black Lake Project, located in the norther part of the Athabasca Basin.

    Uracan Resources Ltd. (TSX.V:URC) and joint venture partner, UEX Corporation (TSX.V:UEX) started the $650,000 diamond drilling program of approximately 3,000 metres on the Black Lake Project, located in the norther part of the Athabasca Basin.

    According to the company’s press release:

    The Black Lake Project covers a total of 30,381 hectares within the Athabasca Basin. The exploration drilling program will test geophysical and geochemical targets identified by previous exploration work.  Bleaching and desilicification of the sandstone as well as strong local clay alteration and dravite zones have been intersected on the property consistent with those commonly associated with uranium deposits elsewhere in the Athabasca Basin. Prospective fault structures offsetting the unconformity (reverse faulting on the main conductor, southeast-northwest cross structures) are also noted throughout the Property and are considered good potential hosts for uranium mineralization. The exploration program is being carried out with UEX Corporation acting as the operator on the Property.

    Click here to view the full press release.

    uracan resources ltdathabasca basinuex corporationuracan resourcesjoint venture
    The Conversation (0)

    Go Deeper

    AI Powered
    Basin Energy Logo

    Basin Energy

    Map pinpointing Uranium City near Lake Athabasca in Saskatchewan, Canada, with a red pushpin.

    Guide to Uranium Mining in Canada

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×