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Cochrane River Property, Saskatchewan
The Cochrane River property consists of two Mineral Prospecting Permits with a combined total area extent of 67,480 ha (166,747 acres).The property is located in northern Saskatchewan, northeast of the Athabasca Basin. Saskatchewan's highly prospective eastern Athabasca Basin area hosts a number of major uranium deposits including Cigar Lake and McArthur River, two of the largest and highest grade uranium deposits in the world, and production from the Athabasca Basin accounts for approximately 30% of the world's primary production of uranium.
The Cochrane River property was likely overlain by Athabasca Group sandstones for a significant portion of its geological history. Unconformity-type uranium deposits could have formed within the property at that time.Although now eroded to below the level of Athabasca Group coverage, any underlying basement-hosted or root zones of mineralization should be preserved.These are the targets of the present exploration program at the Cochrane River property.
A compilation and analysis of prior work is presently under way on behalf of Uranerz Energy by Robertshaw Geophysics Ltd. of Saskatoon, Saskatchewan.
The Company may consider joint venturing this project.
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