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Project OverviewUracan Resources has completed three NI 43-101 Compliant Resources at its 100%-owned North Shore Project in Quebec. The combined overall resource at the Double S, TJ and Middle Zones contains a total Indicated Resource Estimate of 21.5 million tonnes at an average grade of 0.014% U3O8 containing 3.11 million kilograms (6.86 million pounds) of U3O8 using a 0.010% cutoff, and a total Inferred Resource Estimate of 140.65 million tonnes at a weighted average grade of 0.012% U3O8 containing 16.826 million kilograms (37.095 million pounds) of uranium using a 0.01% cutoff. The 100% owned North Shore project has a provincial highway and power lines running through it, and several areas of the project have tidewater access to the St. Lawrence Seaway in eastern Quebec, Canada. The Havre St. Pierre deepwater port is located 60km west of the Project. In March 2010, Uracan commenced a multi-hole, helicopter
supported diamond drilling program on the A4 Zone of Costebelle C
claim group. A total of 3,023 meters in 20 diamond drill holes was completed
during March and April of 2010. Winter 2010 drilling highlights on the A4-1 zone
include: 25.95 metres of 480 ppm, 33.9 metres of 230 ppm, 41 metres of 197 ppm,
and 15.85 metres of 331 ppm U3O8 over a strike length of 500 metres. Drill Highlights from 2011 include: 10.5 meters of 0.048% U3O8 (483 ppm or 0.96 lbs/t) and 43.5 meters of 0.019% U3O8 (193 ppm or 0.38 lbs/t) in CA4-11-42, 17.6 meters of 0.025% U3O8 (252 ppm or 0.5 lbs/t) in CA4-11-38, 15 meters of 0.034% U3O8 (337 ppm or 0.68 lbs/t) in CA4-11-46 and 12.5 meters of 0.032% U3O8 (322 ppm or 0.64 lbs/t) in CC11-11-05. The grades of uranium mineralization seen at the Costebelle A4 zone continue to show approximately twice the average grades seen at the Double S zone elsewhere on the North Shore Property. In 2011, the 18 hole, 3,156 meter drill program was designed to follow up exploration targets outlined during the 2010 drill programs at the A4 and CC11 zones.
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Property DescriptionsDouble S ZoneThe North Shore Property consists of 15 non-contiguous claim blocks covering 100,229.68 hectares or 1,002.3 km2 located in the Havre St. Pierre, Aguanish and Natashquan corridor along the North Shore of the Gulf of St. Lawrence. Reconnaissance drilling outside of the known main zone at Double S in the 2008 winter program confirmed a number of new separate zones of mineralization, ranging from 1300 - 2900 meters NW of the main Double Zone. These areas within the trend are known as the Middle Zone and TJ Zone. Double S Geology Map (PDF, 174 kb) Middle Zone In 2008, 33 drill holes and 7,071.5 meters were drilled at the Middle Zone. Multiple mineralized zones were encountered in the summer drilling program, with up to 72.25 meters grading 0.012% U3O8 encountered in MZ-08-23, 70.3 meters grading 0.013% U3O8 encountered in MZ-08-31, and 60.8 meters of 0.013% U3O8 in MZ-08-27. Numerous discrete mineralized zones within each drill hole continue to be encountered in the Middle zone. Detailed surface mapping and diamond drilling was completed in this area to better define the nature and extent of mineralization. Middle Zone Map (PDF, 268 kb) TJ Zone The TJ Zone has had historic mapping and surface sampling completed on it, but no drilling was carried out on this zone prior to the 2008 program. The winter 2008 drilling was executed on widely spaced drill sites with a total of 6,791 meters of diamond drilling completed in 33 holes. Multiple mineralized zones were encountered in the summer drilling program, with up to 23.8 meters grading 0.010% U3O8 encountered in TJ-08-09 and 16.5 meters of 0.012% U3O8 in TJ-08-12. Similar to the Middle zone, numerous discrete mineralized zones within each drill hole continue to occur at the TJ Zone. TJ Zone Map (PDF, 268 kb) Grandroy Grandroy is located in the northeast portion of the Turgeon Lake Intrusive complex, approximately 6 km northeast of the Double S Zone. Two of the nine drill holes completed at Grandroy encountered significant uranium mineralization. Drill hole GR-09-07 intersected 0.213% (2,130 ppm or 4.26 lbs/t) U3O8 over a core length of 5.4 meters, starting at 5.8 meters down hole. GR-09-08 intersected 0.089% (886 ppm or 1.77 lbs/t) U3O8 over 10.5 meters starting from the bottom of the drill casing at 1.5 meters below surface, indicating that this drill hole likely collared in mineralization. Included within this 10.5 meter interval was a sub interval grading 0.195% (1,943.3 ppm or 3.9 lbs/t) U3O8 over a core length of 4.5 meters. At Grandroy, drilling and channel sampling results to date have defined approximately 80 meters of strike length. Mineralization remains open along strike to the southwest and down dip from the area of current drilling and surface sampling. Grandroy Map (PDF, 91 kb) Lac Petit The Corporation's 2007 and 2008 drilling encountered multiple zones of uranium mineralization in several drill holes. 1,226 meters of drilling in 6 holes was completed on the Lac Petit zone to follow up drill results from the 2007 and 2008 drilling programs. The program was aimed at better defining the orientation and extent of mineralization in this area. The Corporation has now outlined a mineralized zone at Lac Petit over an area roughly 800 meters long by 200 meters wide. Mineralization remains open along strike and down dip, with the uranium mineralization hosted by a sequence of pegmatites and granites. The Lac Petit Zone is located 2 km south of the Double S Zone. It has been identified by Denison Mines Ltd. in historic assessment reports as a potential resource having an estimated average grade of 0.015% U3O8 and being openpittable. The Lac Petit Zone based upon the volume of historical drilling and the Corporation's drilling, can be regarded as a lower exploration priority, but one with good potential for developing additional uranium mineralization. Pontbriand The Pontbriand Claim Group consists of 4 separate areas: A, B, C and D. The Pontbriand claims cover a total of 160km squared. The claims have the main highway in the area passing through the A and D claim groups, with all the Pontbriand claims being located within 19 kilometres of the highway. In addition the main hydro power transmission lines for the area pass through the property areas. The Pontbriand claim groups (A, B, C and D) had prospecting and grab sampling completed during the 2006 and 2007 exploration campaigns by Uracan. Additional prospecting and channel sampling of the earlier work programs, as well as ground truthing of historic assessment file showings, was the focus of the 2010 program. Due to time constraints no detailed work was conducted on the various claims. Only limited prospecting work was completed. As a result of this work numerous highly anomalous areas were outlined in all 4 Pontbriand claim groups. Up to 7 metres of 0.128% (1275 ppm or 2.56 lbs/t) U3O8 (Pontbriand B3 Zone), 4 metres grading 0.115% (1153 ppm or 2.31 lbs/t) U3O8 (Pontbriand A2 Zone) and 2 metres grading 0.265% (2652 ppm or 5.30 lbs/t) U3O8 (Pontbriand A2 Zone) were defined by rock saw channel sampling. Turgeon Est The historic Turgeon Est Zone, located approximately 6km north of the Double S Zone, showing sited approximately 200 meters to the north of the Jeff and Andrew Zones had previously been drilled by the Aggressive Mining Company with 18 drill holes averaging 0.061% U3O8 and 0.01% U3O8 average from seven trenches/pits during the 1967 exploration season. Several channel trenches were completed in associated zones immediately to the west of Turgeon Est. Assay results generally contain lower uranium grades and, although some samples recorded >100ppm uranium. Johan Beetz The Johan Beetz property is located 5km to the southeast of Double S. Several mineralized zones in the Johan Beetz area were encountered. Stacked zones were found at depths ranging from 7 meters to 200 meters depth. A total of 2000 meters was drilled in 10 holes. Further drilling will focus on following these mineralized zones up dip where they outcrop. | |
Costebelle Claim Group2011 Drill Program Drilling highlights from 2011 include: 10.5 meters of 0.048% U3O8 (483 ppm or 0.96 lbs/t) and 43.5 meters of 0.019% U3O8 (193 ppm or 0.38 lbs/t) in CA4-11-42, 17.6 meters of 0.025% U3O8 (252 ppm or 0.5 lbs/t) in CA4-11-38, 15 meters of 0.034% U3O8 (337 ppm or 0.68 lbs/t) in CA4-11-46 and 12.5 meters of 0.032% U3O8 (322 ppm or 0.64 lbs/t) in CC11-11-05. The grades of uranium mineralization seen at the Costebelle A4 zone continue to show approximately twice the average grades seen at the Double S zone elsewhere on the North Shore Property. The 18 hole, 3,156 meter drill program was designed to follow up exploration targets outlined during the 2010 drill programs at the A4 and CC11 zones. Uracan originally announced a number of discoveries within the Costebelle Claim Group in November 2008, with the discoveries being located between 65km and 115km northeast of the Turgeon Lake property. Past drilling results by The Company include 57 meters containing 0.021% (0.42 lbs/ton) U3O8, 22 meters of 0.036% (0.72 lbs/ton) U3O8, 31 meters grading 0.026% (0.52 lbs/ton) U3O8, 8 meters grading 0.033% (0.66 lbs/ton) U3O8 and 10 meters of 0.019% (0.38 lbs/ton) U3O8 in saw channel samples. In addition, several 2 meter channels with up to 0.181% (3.62 lbs/ton) U3O8 were also encountered. A4 Zone In 2011, a total of 2,576 meters in 14 diamond drill holes were completed in the A4 Zone. Uracan's winter drilling objective was to further identify the extent of mineralization encountered in drill results and surface results outlined during both the 2010 drill programs. In March 2010, Uracan commenced a multi-hole, helicopter supported diamond drilling program on the A4 Zone of Costebelle C claim group. A total of 3,023 meters in 20 diamond drill holes was completed during March and April of 2010. The Corporation's winter drilling objective was to determine the extent of significant surface occurrences of uranium mineralization outlined during 2008 and 2009 at the Costebelle A4 zone. Winter 2010 drilling highlights on the A4-1 zone include: 25.95 metres of 480 ppm, 33.9 metres of 230 ppm, 41 metres of 197 ppm, and 15.85 metres of 331 ppm U3O8 over a strike length of 500 metres. Mineralization on the A4-1 zone remains open along strike and at depth. The Summer 2010 work program followed up the 2008 and 2009 results with additional mapping and sampling to further define existing mineralized trends in the overall A4 area. As a result, the previously untested A4-4 trend has been redefined by mapping and channel sampling over an approximate 800 metre (0.8km) strike length. The 2009 results included 12 meters grading 0.123% (1,233 ppm or 2.47 lbs/t) U3O8 (A4 Zone) and 6.5 meters of 0.074% (735 ppm or 1.47 lbs/t) U3O8 (H3 Zone) in saw channel samples. The mineralized zones at Costebelle are generally open in all directions as channel sampling was limited to areas of existing outcrop exposure, with shallow overburden cover overlaying large areas of the targeted airborne anomalies. During the exploration programs in 2008 and 2009, the A4 zone at Costebelle was discovered, with channel sample widths and grades of up to 57 metres of 210 ppm U3O8. The 2010 winter drill program was designed to follow-up rock saw channel sampling results and was intended to further define mineralization potential in the vicinity of the Corporation's trenching in the Costebelle claims. C-C-11 Zone A total of 580 meters in 4 diamond drill holes were completed during winter 2011 at the CC11 zone. Mapping, airborne and surface geophysical work outlined a potential 1,200 meter long pegmatite body. Mineralization at CC11 remains open along strike. Additional drilling is planned in Summer 2011 to follow up 2010 and 2011 drill results. Zone C-C-11 is an airborne radiometric anomaly not sampled in previous exploration campaigns. This area was mapped and sampled as part of the 2010 exploration program. Highlights include 9 metres of 0.046% (464 ppm or 0.93 lbs/t) U308 and 11 metres of 0.033% (329 ppm or 0.66lbs/t) U3O8 in rock saw channel sampling. Additional rock saw channel sampling was completed on the southwestern area of the airborne anomaly, with 11 metres of 0.084% (835 ppm or 1.67 lbs/t) encountered in this area of the anomaly. This sampling extends mineralization to an estimated total length of 800 metres. Mineralization remains open along strike, and the total width of this zone is not known at this time. This initial area of mineralization occurs within an overall radiometric anomaly of approximately 1200 metres (1.2 km), and is open along strike. C-C-11 is located approximately 3 kilometres east of the A4 Zone. | |
Exploration & DevelopmentGrandroy Zone Grandroy is located in the northeast portion of the Turgeon Lake Intrusive complex, approximately 6 km northeast of the Double S zone. It has a similar lithology to Double S and is predominantly composed of granites and pegmatites interspersed with zones of metasediments and/or metagabbros and occasional pegmatite dykes. It is thought that the Grandroy area is near the margin of the Turgeon Lake Intrusive Complex and the surrounding Wakeham Group metasediments and metagabbros. Initial drilling and trenching results indicate that the mineralization at Grandroy is hosted by flat lying to shallowly southwest dipping near surface pegmatite bodies. The true thickness of this mineralization is not known at this time but is thought to be similar to the thicknesses encountered in the drilling. The mineralized pegmatite bodies have been noted as hosting up to 5% disseminated Uraninite crystals by field personnel. Two of the nine drill holes completed at Grandroy encountered significant uranium mineralization. Drill hole GR-09-07 intersected 0.213% (2,130 ppm or 4.26 lbs/t) U3O8 over a core length of 5.4 meters, starting at 5.8 meters down hole. GR-09-08 intersected 0.089% (886 ppm or 1.77 lbs/t) U3O8 over 10.5 meters starting from the bottom of the drill casing at 1.5 meters below surface, indicating that this drill hole likely collared in mineralization. Included within this 10.5 meter interval was a sub interval grading 0.195% (1,943.3 ppm or 3.9 lbs/t) U3O8 over a core length of 4.5 meters. At Grandroy, drilling and channel sampling results to date have defined approximately 80 meters of strike length. Mineralization remains open along strike to the southwest and down dip from the area of current drilling and surface sampling. Double-S Zone
Nine diamond drill holes totalling 762 meters were completed to September 2009. | |
Technical DataOverviewElevated uranium levels appear in what is known as the Turgeon Lake Intrusive Complex. Within this complex, the Turgeon and WeeGee Claim Blocks host a significant number of uranium occurrences identified in the course of the first staking rush in the mid 1960s. Values are in the 0.01% to 0.025% U3O8 range, but can be locally higher. The mineralization tends to be lens-like, with the scale of these lenses ranges from a few meters to at least 1,000 meters long by 300 meters wide. Regional geochemical surveys by the Quebec government in the 1980's and 1990's showed that the Turgeon Lake Intrusive Complex, unlike other intrusive bodies in the region is highly anomalous in uranium. Large fault systems cut the intrusive, but little attention was paid to these in previous exploration efforts, even though uranium mineralization is frequently associated with such features. Their presence suggests the possible existence of major plumbing systems operational during the mineralization phase. Interpretive work on the Turgeon Lake Intrusive body has outlined at least 7 distinct phases of intrusions, which confirms the dynamic nature of the intrusive body and the potential for multiple phases of mineralization and remobilization and concentration of uranium within the intrusive complex. The remaining claim groups forming the North Shore Property (Pontbriand, Highway and NE Costabelle Claim Groups) lie within this corridor, and cover the major anomalies over 125 kilometers long. Little historic work of any kind has been reported from these areas which exhibit uranium geochemical values similar or better than those seen in the Lac Turgeon intrusive itself. Geology & MineralizationProject Geology
Assay SummaryDrill Collar TablesTechnical Report (43-101)Technical Report (NI-43-101) - June 2010 Technical Report (NI-43-101) - June 2009 Technical Report (NI-43-101) - August 2008 Technical Report (NI-43-101) - May 2006 | |
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MediaPhoto GalleryClick to Enlarge                                                          | |
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