Project Highlights
- 2023 VTEMtm Plus completed – 1,374 line-kms
- 2024 MobileMTTM completed over eastern claim.
- Coyote Target Area
- Hosts interpreted structural trends occurring sub-parallel to the Patterson Lake trend
- Untested – No drilling has occurred on the project
- The estimated thickness of the Athabasca Sandstone is 220 to 560 metres
Overview
The 100% owned Gunter Lake Property consists of four adjoining claims with a total area of 17,769 hectares situated in the heart of the Patterson Lake uranium district in the southwestern Athabasca Basin, approximately 30 km east of NexGen Energy’s Arrow Deposit (256.7 million lb. of U3O8 combined measured and indicated).
A VTEMTM plus was completed on the property in 2023 to cover the entirety of the property which was followed up by a MobileMT survey in 2024 to cover the most eastern claim. This work was used to complete a 3D conductivity and magentic model of the Project which identified serveal high priority targets which warrant follow-up work.
Target Areas
Coyote Target
The Coyote target is located on the eastern edge of the Gunter Lake Project Hosts uranium mineralization in historic drillhole KLL-3 (255 ppm U3O8, 127 ppm U3O8). The target is a strong East-West trending conductor cutting across the claim block. Contains complex structures identified in Stallions recent VTEM and MobileMT surveys. Estimated thickness of Athabasca Sandstone is relatively shallow less than 450 metres.
Fox Target
The Fox target is situated along the Morrow Conductive Trend in the western part of the Gunter Lake Project. This trend runs from Nexgen Energy’s SW2 Project, through Stallion’s Gunter Lake Project, and extends to Orano’s Uhrich Project. Identified in the VTEM Plus survey, the Fox Target stands out as a highly promising area within a lengthy, structurally complex conductive corridor, which connects to key nearby exploration targets identified by Orano and Nexgen Energy.
Exploration Plan
Phase 1
A ground TDEM survey over the target areas to prepare them for drilling. The results will significantly increase the resolutions of the conductors, thus increasing the targeting probabilities of intersecting mineralization and alteration.
Phase 2
A 3,500m drill program. The drilling phase will commence once ground TDEM results have be completed and interpreted. The Company will be utilizing gamma probe and borehole EM testing of the drill holes for additional information.
Phase 3
Phase 3 will be an expanded exploration program consisting of 6,500 meters of drilling. It will focus on further investigating identified uranium anomalies, as well as exploring additional targets that were not drilled in Phase 2.
Figure 1 - Gunter Lake Project Map
Figure 2- Magnetic Tilt with Exploration Corridors