Beaverlodge Area Projects
Midas
Key Points of Interest
- Straddles the regional Black Bay fault/shear zone, which is associated with most of the historic uranium deposits of the Uranium City area. At least 20 past-producing uranium deposits are located within 10 km of the Midas claims, and many more uranium occurrences.
- The historic St. Michael Uranium Mine sits within the Midas claims. This deposit was developed to the 130 m level before insufficient funding closed the operation, however 250 tons of development ore shipped to the nearby Lorado mill graded 0.15% U3O8.
- Located within seven km of the historic Gunnar Mine (19,250,000 pounds U3O8 produced) and within five km of the historic Lorado Mine and within 2.5 km of the historic Gulch deposit.
- Recent work by JNR Resources revealed moderate to strong airborne VTEM conductors trending through the south half of the property. The survey did not cover the north half of the property.
- Straddles the regional Black Bay fault/shear zone, which is associated with most of the historic uranium deposits of the Beaverlodge area.
- The present exploration target is basement-hosted uranium deposits.
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The Midas Property was merged with the Thompson Lake Property in late 2017, and consists of 14 non-contiguous claims totaling 8,896 ha covering an area approximately 10 km wide by 28 km long in a northeast-southwest orientation, located within two km of the community of Uranium City, SK. The property was acquired by F3 Uranium Corp. by staking in May 2013, August and September 2014, March and April 2015, and December 2017.
A high resolution airborne magnetic and radiometric survey was conducted in September 2013 The analysis of the potential field data indicates the geological setting of the project area is complicated, and numerous lineaments are related to contacts and structures between basement units. The survey area is characterized by a northeast-southwest trending magnetic fabric, parallel to the Black Bay Fault and is permeated with a lattice of dominant structural corridors aligned in both the east-west and north-south directions.
In September 2017 a geological prospecting survey concentrated on sampling seven showings which included priority radiometric anomalies from the 2013 airborne survey. One of these was the favourably located Ledo showing, with grab samples running up to 0.29% U3O8. Ground geophysical surveys were conducted during August to September 2017 including ‘Multiple Gradient Resistivity’ Inducted Polarization and Horizontal Loop Electromagnetics (HLEM). The ground resistivity survey was conducted over one of the most intense conductivity bright spots along a NE-trending conductor interpreted from an earlier airborne VTEM survey by JNR Resources Inc. The modified IP survey successfully imaged basement resistivities despite a very high conductive background. The HLEM survey confirmed that this survey type could not resolve subsurface conditions due to the highly conductive background.
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- Midas Samples View pdf
