Athabasca Basin DiscoveryFCO holds 10% of a project area shown on this map from UNR’s website. They reported this today about a recent discovery: “These intersections comprise the "Centennial Zone", and according to Cameco, the uranium intersections obtained in the Centennial Zone are the most significant ever encountered along the entire Dufferin / Virgin River Trend in more than 25 years of exploration.”
https://biz.yahoo.com/ccn/070125/200701250369057001.html?.v=1
The
Uranium North website provides this commentary about their holdings in this project area:
“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.”
(UNR's holdings are shown in red.)
