Global Uranium is earning into a joint venture with industry leaders Cameco Corp. (TSX: CCO), NexGen Energy LTD. (TSX: NXE), Orano Canada Inc., and Forum Energy Metals Corp. (TSX.V: FMC) to explore the Northwest Athabasca Joint Venture Project.
Located in the Athabasca Basin region
10,161 hectares of land including the Maurice Bay Deposit
The Northwest Athabasca Joint Venture is located immediately east of the Alberta-Saskatchewan provincial boundary and is 75 km west of Uranium City.
The Northwest Athabasca Joint Venture is accessible by float or ski-equipped aircraft, barge or boat from Lake Athabasca, and by winter road across the ice on Lake Athabasca.
Located in the Athabasca Basin region, putting The Northwest Athabasca Joint Venture in a mining-friendly jurisdiction.
The Northwest Athabasca Joint Venture is a historical resource with numerous showings and is highly prospective for finding additional high-grade mineralization.
Northwest Athabasca Joint Venture Project Geology
Variable borders of the sandstone (yellowgold colour) suggest strong structural control of sandstone paleo-valleys. These contacts, in combination with gravity lows and uranium-rich boulder fields delineate future drill targets.
Soil Sample Results on The Northwest Athabasca Joint Venture Project: The contours are the gravity survey with the orange fill being the anomalously low areas. Results extend onto Forum Energy Metals Corp.'s ("Forum") adjoining Maurice Point Project.
Off-scale mineralization from basement rocks drilled by Forum in one of the basement-hosted high-grade zones (Zone 1A) on the Northwest Athabasca Joint Venture Project. This sample returned 2.85% U3O8 over 50cm.
Historical Work
2003-2007: Cameco Corp. (“Cameco”) Surveys
Cameco conducted airborne and ground geophysical surveys
Culminated in a 10-hole diamond drill program in 2008
2011: Forum Takes Over
Forum assumed operatorship
Conducted a ground gravity survey on the central part of the project
2012-2015: Forum’s Drill Programs
Forum completed diamond drill programs during this period
Unearthed new basement-hosted uranium discoveries named Opie, Barney, and Otis West
Notable intersection of 0.152% U3O8 over 39.5 m in NWA-63 at depths from 130.5 to 170m
2017: Soil/Till Sampling Program
Executed a soil/till sampling program to investigate potential boron anomalies down-ice of the gravity targets
Aimed to prioritize new targets for future drilling
Discovered strong boron signatures in the sandstones overlying the showings
