The Conversation (0)
Vulcan Minerals Inc. (TSXV:VUL) has applied for 10 metallic and industrial mineral permits in the western Athabasca area of Alberta approximately 50 Km east of Fort McMurray. The company is targeting Athabasca Basin-style uranium deposits in an area of approximately 225,000 acres in a region called the Athabasca Border.
Vulcan Minerals Inc. (TSXV:VUL) has applied for 10 metallic and industrial mineral permits in the western Athabasca area of Alberta approximately 50 Km east of Fort McMurray. The company is targeting Athabasca Basin-style uranium deposits in an area of approximately 225,000 acres in a region called the Athabasca Border.
According to the company’s press release:
The proposed permits lie along a major basement magnetic lineament connecting to the Paterson Lake area. Based on regional and local geology the prospective Precambrian basement rocks are overlain by a veneer of Phanerozoic cover sediments. These cover rocks have provided a degree of protection from erosion to any underlying deposits and a potential trapping mechanism for any rejuvenated mineralized fluids. The Company continues to compile all available technical information in the area to formulate a detailed exploration program in anticipation of the issuance of the permits.
Click here to view the full press release.
