Beatty River - Athabasca Basin
The Beatty River block overlaps the Beatty River Fault Zone, a northeast-southwest trending zone which may have controlled uranium mineralization in the area. This block is approximately 20 kilometres east of the Collette deposit on the Shea Creek property where Cogema and UEX reported drill core assays up to 27.4% U3O8 over 8.8 metres and more recently 12.57% U3O8 over 11.9 metres and 27.35% U3O8 over 4.2 metres.
Preliminary interpretation of regional magnetic data over the area suggests the presence of basement highs, and other structural features which are known to be associated with uranium mineralization elsewhere in the Athabasca Basin. The Company is planning a detailed geophysical survey over the project areas to identify exploration targets.
(see Diamonds North News Release NR06-16 for details).
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