NE Athabasca Basin
Cree Bay
key highlights
substantial mineralization
The area includes ground along the Black Lake Shear Zone and its associated electromagnetic conductive horizons, highlighting its geological significance and potential for uranium exploration. This feature suggests the presence of substantial mineralization within the zone.
strategic position
Located 15 km southwest of the historical Nisto Uranium Mine, the newest claims are strategically positioned in a region with a proven history of uranium production. This proximity to past-producing sites underscores the area’s uranium potential.
exploration prospects
These claims cover the Black Lake Fault, delineating the Mudjatik domain from the Western Craton. The fault extends over 200 km across the Athabasca Basin and is near Cameco’s high-grade Centennial deposit. Additionally, the area features an unconformity between Archean rocks and Wolverine Point sediments, with an average depth of 200m, further emphasizing its exploration prospects.
16 Claims
2015 drilling near the Cree Bay property by Forum Uranium uncovered significant geological alterations and a major structural lineament, the East Channel, suggesting potential mineralization extending onto Cree Bay. The property, owned by F3 Uranium Corp., consists of 16 claims over 14,080 ha at the Athabasca Basin’s northern edge, acquired between 2013 and 2018. It is located 20 km south of Stony Rapids, with seasonal access on its western side.
Complex Geology
The property has seen continuous exploration since the 1960s, including significant surveys and drilling in the 1970s and 1980s by industry leaders. F3 Uranium Corp’s 2015 aerial survey highlighted the area’s complex geology and potential structural contacts. Further, a 2017 ground geophysical survey pinpointed alteration zones indicative of uranium mineralization, aligning with the characteristics of the Athabasca Basin, and suggesting viable drilling targets.
Maps
