- Carmanah Minerals (CSE:CARM) has begun a structural geophysical interpretation of its Saskatchewan Uranium Project in the Athabasca Basin
- The company said this will be done with this joint venture partner Marvel Discovery
- The interpretation will be done by using advanced technology such as machine learning to transform the mineral discovery process
- Shares of Carmanah Minerals are unchanged at C$0.05
Carmanah Minerals (CSE:CARM) has begun a structural geophysical interpretation of its Walker Project in Saskatchewan’s Athabasca Basin.
The Athabasca Basin is widely known as the world’s leading source of high-grade uranium and supplies about 20 per cent of the world’s uranium.
In a news release, the Vancouver-based company said it is conducting the interpretation with its joint venture partner Marvel Discovery and includes using advanced technology leveraging machine learning to transform the mineral discovery process.
“Using AI drill targeting allows us to get a better in-depth understanding of the structural traps, which is vital to our drill-target selection process,” Fraser Rieche, interim CEO of Carmanah Minerals, said in a statement. “We are pleased to be working with Marvel Discovery and their geological team, giving us an edge and a better chance for success with the common goal of a tier 1 discovery.”
Carmanah Minerals said the claims occur with a regional-scale NNE-trending shear zone that forms the tectonic boundary between the Mudjatik Domain and Wollaston Domain of the Hearne Province.
The zone has a strike length of 400 kilometres extending between cover rocks of the Athabasca Basin.
The company previously entered into a joint venture agreement with Marvel Discovery in October 2022 to earn up to a 50 per cent interest in the Walker claims.
Shares of Carmanah Minerals are unchanged at C$0.05.
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