RE: Sketch of latest drill holesThe sketch shows that the uranium in that particular location is high grade but confined to a narrow band. It's too early too tell if it gets thicker or narrower or if it's more concentrated at depth.
Also, it's not known (yet) what lies to the north or south of the drill holes. All the uranium mineralization found at Split Rapids to date has been discovered in or immediately adjacent to a 900 metre long band of Archean iron formation. The company is starting a phase 2 drilling program, which will test the whole length of the 900 metre long iron formation on a systematic basis. Twenty-one holes totalling approximately 3000 metres (142 meter average/hole) are planned. Drilling is planned to continue through the spring break-up.
For those of you that don't know, the Black Sturgeon Fault cuts through the Sibley Basin. The Split Rapids drill site is located to the east of the fault - where the ground was uplifted and the surface sediments eroded away over time. The basement rocks are exposed on this side of the fault so "perched-type" deposits (what RSC has confirmed at the Otish) don't exist there. It's not until you go to the other side of the fault where you'll find a thick layer of sediments which overlie "uranium-rich" metasediments and granitic intrusives. Where the basement rocks change to metavolcanics and metasediments, they contain abundant graphitic units, sulphide zones and iron formations, all of which represent potential chemical traps for uranium. The potential exists to discover a large deposit on the west side of the fault. Because the overlying sediment layer is so thick, it's could take a while (and a lot of money) to find one.
Good luck.
Sam