The Conversation (0)
Brazil Resources (TSXV:BRI,OTCQX:BRIZF) announced it has received results from a NI 43-101 technical report on its Rea Uranium Project, in the western Athabasca Basin. The report focused on two high priority targets: the North Zone and the West Zone.
According to the press release:
The North Zone target is located directly north of Areva’s permits, where the Maybelle River Shear Zone (“MRSZ”) can be traced for an additional 11 km to the north by geophysics and drilling on the Rea Project. Historic drilling (7 holes) in this area has tested the MRSZ over a strike distance of approximately 3 km, with several of these holes intersecting fault breccias in the overlying Athabasca Basin sedimentary rocks along with associated clay alteration, dravite, geochemically anomalous uranium and pathfinder elements (copper, lead, nickel, arsenic, boron and vanadium), features commonly associated with unconformity-type uranium deposits. The recommended drill holes (approx. 6 holes totaling 2,600 m) will test below these historic holes closer to the intersection of the MRSZ and the unconformity separating the Athabasca Basin sedimentary rocks and the underlying Archean basement. Most of the uranium mineralization discovered to date in the Athabasca Basin is located at or near the unconformity, where it is cut by a re-activated basement shear zone. The West Zone target is an airborne EM conductor located 1.5 km west of the Maybelle deposit and sub-parallel to the MRSZ. The recommended program will include a ground EM survey to better define the location of the airborne EM conductor and will be followed-up by diamond drilling.
Click here to read the Brazil Resources Inc. (TSXV:BRI,OTCQX:BRIZF) press release
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