Ford Lake (Uranium)
Project Summary
Commodities
Uranium
Size
6358 ha
Exploration Stage
Grassroots
Ownership
Option to acquire 100%
- The Ford Lake Project (FLP) covers an area of 6358 hectares in the most prospective uranium corridor in the world, ~11km northwest of the Key Lake Mine, site of the largest uranium mill in the world. Cameco’s Key Lake, which produced over 200 million lbs of uranium, now processes ore from the McArthur Mine.
- The Shift Lake Uranium Zone, which lies only 500m east of the Ford Lake Project, consists of several drill holes which intersected anomalous uranium values and outlined a mineralized alteration zone of 775m. Forty eight holes (79-15 to 79-62), totaling 9,752.1 m (31,995.1 ft) were completed by Phelps Dodge Corporation of Canada Ltd. to test HLEM and pulse EM anomalies. Four of the holes intersected values greater than 0.10% U3O8 (0.08% U). At 189m, Union Carbide hole 79-17 intersected a 2.75 m (9.0 ft) interval which returned 0.62% U3O8 (0.53% U).
