Nuinsco’s Diabase Peninsula
uranium project is located
about 150 km northwest of
La Ronge, Saskatchewan on
the edge of the Athabasca
Basin, which hosts the world’s
richest uranium mines.
It encompasses a 35 km strike length
of the regional-scale Cable Bay Shear
Zone deformation zone in the basement
rock units below the basin sandstone -
considered to be a potentially significant
structure for the localization and
deposition of uranium mineralization.
Exploration work on the 21,000
hectare Diabase Peninsula Project,
situated approximately 5 km north of
the southern boundary of the Athabasca
Basin, has included 42 drill holes totalling
17,356m. Of these, a remarkable 33% have
returned samples with uranium content
exceeding 50 parts per million (ppm)
and 67% have returned values greater
than 10ppm uranium (uranium values
exceeding 10ppm suggest the presence
of a uranium mineralizing event and the
distinct possibility of a lens of uranium
mineralization in the immediate vicinity).
These positive results serve to further
reinforce and highlight the outstanding
scale of uranium mineralization at Diabase.
Drilling has encountered highly-
anomalous uranium values of up to
707 ppm uranium (0.083% U
3
O
8
) located
at or near the contact between the
sandstone layer and underlying
graphite-bearing basement rocks (the
“Unconformity”), which is the prime site
for the occurrence of uranium deposits
in the Athabasca Basin.
In the most recent drill program,
uranium values peaked at 55.94ppm over
6.9m, including individual intervals grading
134ppm and 181ppm uranium. Results like
these continue to highlight the exploration
potential of the Diabase Peninsula property.
Location:
Athabasca Basin
Saskatchewan, Canada
Ownership:
100%
Commodity:
U
Project Status: Exploration
D I ABASE PEN I NSULA
SASKATCHEWAN
Drilling at Diabase
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