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Costigan Lake - Athabasca Basin

Adjacent to F3 Uranium , Skyharbour, Abasca Resources and CanAlaska Uranium

Highlights - Uranium Property

  • Strategically located 25km southwest of Cameco’s Key Lake Mine and mill complex and is perfectly situated along the Wollaston-Mudjactic Transition Zone (“WMTZ”), which hosts the highest-grade uranium mines in the world.
  • Infrastructure: proximal to or within 8kms to the Highway 914 – a primary year-round maintained road servicing the operational Key Lake Mill.
  • Prospective Geological Setting: within the “WMTZ” Zone – the same basement rocks that host all of the major uranium deposits on the east side of the Athabasca Basin.
  • On trend with some of the world’s largest Uranium Mines: Key Lake, Cigar Lake and McArthur River.
  • Adjoins F3 Uranium’s (TSXV:FUU) Hobo Project who just announced a $15 million investment from Denison Mines (see press release dated Oct 6, 2023).
  • Adjoins Abasca Resources (TSXV:ABA) Key Lake South Project, who just completed a 4,959 m drill program with 9 of the 11 holes intersecting anomalous uranium (see press release dated May 24, 2023)
  • Several high-merit exploration targets: over 16 km of subsurface conductors lying within a magnetic low within the “WMTZ”.
  • Additional targets include anomalous radioactive boulder trains, first discovered in 1978 by Rainbow Oil Limited.
  • The Property has limited systematic modern-day exploration, which presents blue sky potential.
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Location

The claims are located within the Wollaston-Mudjactic Transition Zone (“WMTZ”) of the eastern Athabasca Basin (see press release dated March 29, 2022). The WMTZ hosts the highest-grade uranium mines in the world including:

 

  • Cigar Lake1, 50% owned by Cameco, which hosts 152 million pounds (lbs) of U3O8 at 15.4% U3O8
  • McArthur River2, 70% owned by Cameco which hosts 392 million lbs of U3O8 at 6.58% U3O8
  • Wheeler Project3, 90% owned by Denison Mines which hosts 109 million lbs of U3O8 in two deposits averaging 11.23% U3O8

 

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Costigan Lake - News Releases

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