Power Metal Resources plc has established targets for a diamond drilling programme on its Badger Lake uranium property in the Athabasca Basin area, Northern Saskatchewan, Canada.
S ZONE
Acquired in 2022, the site has undergone exploration studies, including soil geochemical, radon gas, and biogeochemical sampling, airborne electromagnetic and magnetic geophysical surveys, and an ambient noise tomography survey.
Five to six drill holes for 2,400 metres will test a “highly prospective conductive body”, named the S zone, 220m to 450m in depth below surface and “coincident with geochemical anomalies”.
Power Metal said that processed geophysical data suggested that the S zone was a “tabular conductive body situated at the unconformity between two major fault structures”.
Two vertical drill holes will have a target depth of 350m to test the S zone at 300 below ground level.
A further three inclined drill holes, each to 600m below ground level, will test the fault structures to the north and south of the S zone.
“The target shares key characteristics with other significant uranium deposits in the Athabasca Basin, including McArthur River, Millennium, and Phoenix, as well as the Kiggavik deposit in the Thelon Basin,” added the company.
Power Metal’s uranium joint venture, Fermi Exploration Ltd, with 70% owner UCAM Ltd is awaiting a gravity survey before receipt of permits.
Badger Lake will host one of five drilling campaigns this Summer across the company’s uranium portfolio.