Athabasca Uranium finishes Z-TEM survey in Saskatchewan
2011-03-07 10:19 ET - News Release
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Mr. Gil Schneider reports
ATHABASCA URANIUM COMPLETES Z-TEM SURVEY, GEARS UP FOR GROUND WORK
Athabasca Uranium Inc. has completed phase one of its multiphase exploration program on its East Key Lake, McGregor Lake, Webb River and McCarthy Lake uranium projects, located on the southeastern margin of the Athabasca basin, Saskatchewan.
The heliborne Z-TEM (Z-Axis Tipper EM) survey, which was expanded to examine the East Key Lake and McCarthy Lake Projects, covered 3,246 line kilometers and preliminary results confirm both magnetic features and EM anomalies observed in previous ground and airborne surveys. The Company has commissioned a comprehensive interpretation study that will correlate historic information with the Z-TEM data with the intention of honing conductive targets already identified on all projects.
The Z-TEM process is effective at identifying discrete vertical conductive anomalies at depth. In general, conductive anomalies existing within magnetic discontinuities are key exploration indicators for altered sandstones and mineralized zones. In the Athabasca Basin, the vast majority of uranium mines and exploration depositsA including Denison's Wheeler River Project, Fission's Waterbury Lake Project, Hathor's Roughrider Zone and JNR/Denison's Moore Lake ProjectA are associated with subsurface graphitic conductors.
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