(Image via Traction Uranium Corp.)
Canadian explorer
Traction Uranium Corp. (CSE: TRAC, Forum) reported this week that it had collared the first drill hole of its 2022 winter drill program at the
Hearty Bay Property in the Athabasca Basin region. The winter program also includes a ground geophysics program on the property as part of its winter program.
The company stated that the drill targets are based on marine seismic and airborne magnetic data. A 255 km marine seismic survey was conducted by the company in the summer of 2019 to the northeast of Isle Brochet in the main up-ice direction of radioactive boulder trains.
This data was interpreted to indicate multiple basement structural and lithological features which have defined some of the drill targets to the northeast and up ice from where the historic Eldorado drilling was focused. What these consist of, is possible sandstone outliers bounded by basement structural features or are at the intersections of major faults (often with significant vertical and horizontal displacement). Additional drill targets have been defined from the 2,490-line km low-level airborne magnetic and radiometric survey that was flown in 2021.
Linear magnetic lows were also noted, which were interpreted to indicate major faults and they are supported by the marine seismic data. High grade uranium mineralization in the Athabasca Basin is often found along major faults and at fault intersections.