Riverlake and Highrock Projects

Zadar has an option to acquire a 51% interest in the Riverlake and Highrock projects. The Riverlake (5,583 hectares) and Highrock projects (5,831 hectares) have a similar geological setting as the Key Lake mine (Gaertner and Deilmann uranium-nickel orebodies (mined out)). The northwest corner of the Highrock property is 8 km from the Gaertner and Deilmann orebodies. Historic exploration comprised airborne and ground electromagnetic surveys, soil sampling and diamond drilling. At Riverlake, a 1,200 metre long NE-SW by 600 metre wide NW-SE soil anomaly with peak uranium values of 3.74 ppm and coincident elevated to anomalous arsenic, molybdenum, vanadium and lead values was identified (A1 grid). The A1 grid covers a set of three sub-parallel conductors having a combined strike length of 5 km and interpreted to be a single metasedimentary unit that is disrupted by folds and faults.

Reconnaissance drilling intersected continuous and significantly anomalous radioactivity within sheared and fault-brecciated basement rocks of graphitic metapelite and pegmatite. One hole intersected a 63 metre interval exhibiting 5 to 10 times background radioactivity including a measured 2,625 cps in schistose graphitic fault breccias. Geochemically, the radioactive graphite schist breccias have anomalous uranium contents up to 3.34 ppm, with interleaved pegmatite bands containing up to 116 ppm uranium. Of the key pathfinder elements, boron correlates most strongly with the uranium anomalies, and is important evidence for the presence of hydrothermal fluids. The pronounced orientation of the soil anomaly and the presence of anomalous uranium and alteration in the basement rocks are strongly reminiscent of the Gaertner, Deilmann and P-Patch uranium deposits. The B1 grid on the Highrock property covers part of the eastern limb of the Key Lake syncline, which hosts uranium mineralization at the P-Patch prospect, 7 kilometres north of the grid, and the Gaertner and Deilmann deposits.

 

The technical information contained within this website has been reviewed and approved by Vice-President Exploration, Kieran Downes, P.Geo., a qualified person as defined by NI 43-101.