Uravan Targeting Geological Domains In Athabasca

 

CALGARY - Uravan Minerals Inc. is active in two geological domains in Canada, the Athabasca and Thelon Basins. Both of these ancient sandstone basins have a high potential for finding the next generation of high-grade uranium deposits. Uravan's target size is geological domains that have the potential to host uranium deposits of (greater than)100,000,000 pounds grading (greater than)1.0% U(3)O(8). The Athabasca Basin has a proven history for hosting high-grade uranium deposits (e.g. McArthur River: 332.6 million pounds grading 20.69% U(3)O(8), and Cigar Lake: 226.3 million pounds grading 20.67% U(3)O(8)). The Athabasca Basin and to a larger extent, the Thelon Basin, are vastly under-explored geological domains, albeit in deeper terrain. The lack of new economic discoveries in the Athabasca and Thelon Basins during the 2004 to 2008 uranium exploration period suggests future exploration capital needs to be directed to under-explored areas; however, more innovative remote sensing technologies are essential to narrow and provide better resolution of exploration targets.

Uravan's vision is to leverage new technology for the rapid and cost effective exploration of its current and future land positions located in sandstone basins that are known, or anticipated, to host large unconformity-related uranium deposits. To advance this vision, in 2008 Uravan entered into a multi-year collaborative research agreement with the Queen's Facility for Isotope Research (QFIR) at Queen's University, Ontario. QFIR is a state-of-the-art research facility, consisting of a group of highly experienced research geochemists. The QFIR lab contains some of the most technologically advanced analytical equipment in Canada. Under the direction of Dr. Kurt Kyser, the QFIR research team is working collaboratively with Uravan's technical group to develop new exploration technologies using applied research. In addition to the QFIR research team, Dr. Colin Dunn, an independent specialist in biogeochemistry, is working closely with Uravan's technical group and QFIR to advance the interpretation of biogeochemical results. Dr. Kurt Kyser and Dr. Colin Dunn are key technical advisors for Uravan.

The company’s address is Suite 204, 2526 Battleford Avenue S.W., Calgary, Alberta T3E 7J4, (403) 264-2630, fax: (403) 264-2629.