Nuinsco Resources has planned to drill the Diabase Peninsula uranium project during early March, 2012. The previous exploration program will be followed up by the new drilling and encountered all the elements showing a uranium mineralizing event, returning up to 707 ppm of uranium.
The company has drilled 15,787 m, totaling 38 holes, at the project. It has yielded samples from significant 13 holes, along with large content of uranium that surpasses 50 ppm. More than 10 ppm of uranium has been encountered from total 26 drill holes. Anomalous mineralization has been emphasized at the Diabase project.
The location of this Diabase Peninsula project is in the south-central portion of the Athabasca Basin in Saskatchewan. The mines of Athabasca basin typically contain a combination of arsenic, cobalt, magnesium oxide, nickel and uranium. Nuinsco drilled the holes and found broad occurrence of the mixture of elements. This wide presence has shown the influence of the area’s mineralizing system.
The company’s future drilling program will focus on the contact between the underlying graphite-bearing basement rocks (unconformity) and the sandstone layer. This unconformity is a main location containing deposits of uranium in the Athabasca Basin.
This project is situated around 5 km towards the northern part of the Athabasca Basin’s south boundary. It has included a strike of 35 km long above the Cable Bay Shear Zone deformation zone.