Albitite-hosted uranium – Uranium in the Kurupung Batholith is geologically similar to albitite-hosted deposits worldwide that typically contain resources in the 50 to 130 million pound range2, hosted within clusters of mineralized structures. We have defined an initial NI 43-101 uranium resource in the Kurupung, and are now focused on growing our pipeline of uranium-bearing structures with the aim of increasing the size potential of the Kurupung system.
Unconformity-related uranium – We have identified key characteristics in our Roraima targets that are analogous to unconformity-related uranium deposits in the Athabasca Basin in terms of structure, alteration minerals and enrichment in pathfinder elements. We are refining and ranking our unconformity targets and expect to start scout drilling the most promising areas of the Roraima Basin in 2010.
Permit Areas in Guyana
1 Source: World Nuclear Association
2 Albitite-hosted deposits worldwide (see Disclaimer)