Cogema Resources is returning to the Shea Creek uranium project in the western part of Saskatchewan’s Athabasca Basin with the intention of drilling off a resource.
Cogema, bankrolled by joint-venture partner UEX (UEX-T), will be drilling about 12,500 metres on three targets on the property, Anne, Colette, and 63-B. The company will have two drills on site, both capable of directional drilling.
The work follows up on a 12-hole drill campaign between October and December of last year, when 63-B was found between the Anne and Colette prospects. The discovery hole intersected 2 metres grading 3.26% U3O8. Cogema plans a total of eight holes and wedges through the unconformity at the base of the Athabasca sandstone, the feature that hosts the mineralization.
The Anne deposit has a known 250-metre strike length but it is open to depth and to the northwest and southeast along strike. At Colette, Cogema will be testing both the unconformity and the basement rocks below it.
Figures informally anounced for the Anne discovery put the size of the deposit around 700,000 tonnes grading 3% U3O8. There is no public estimate on the size of the Colette deposit, but seven drill holes intersected mineralization over core lengths of 1.5 to 16.9 metres, with grades in the range of 2% to 6% U3O8.
Cogema plans to calculate a resource once this season’s drilling is complete, some time in August.
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