SMDI #

2737

Historical Showing Names

Drill Holes VR-3 to VR-10 or C Conductor Zone or Wide Lake Uranium Zone or Centennial Uranium Deposit

Project Name

UTM Northing (NAD83 Z13)

6391143.2100

TRM (Township-Range-Meridian)

99-10-3

Associated Commodities

Iron

Status

Prospect: Primary Exploration

Geological Domain

Mudjatik

Host Minerals

Pyrite

Exploration History

11/1/2002 On 4 August 1977, Eric Partridge staked the showing area as CBS 5072 for Denison Mines Ltd. In the following year, Denison flew an airborne radiometric and magnetic survey and completed follow-up prospecting, geological mapping, soil and lake sediment sampling, and ground EM and magnetic surveys on the property (AF 74G12-0007 and -0008). In 1979, further prospecting, mapping, lake sediment and radon surveys (AF 74G12-0009). In 1980, further prospecting, lake sediment sampling, EM surveys and radon gas surveys were completed (AF 74G12-0018). In 1981, drill holes ML81-1 to 81-3 were completed (AF 74G12-0020). No significant mineralization was encountered. The claim block lapsed on 1 March 1981. On 21 April 1987, Uranerz Exploration and Mining Limited staked the showing area as S-98157. No work was reported on the claim and it lapsed on 3 July 1989. On 1 December 1994, Uranerz Exploration and Mining applied for MPP 1176 over the showing area. In 1995, Uranerz completed a reconnaissance boulder sample and outcrop sample survey, surficial air photo geology, and ground TDEM surveys on the property (AF 74G14-0012). In the following year, Uranerz continued the boulder sample survey, verified sample results by pitting and sampling, and completed a ground UTEM/TDEM survey on the claim (AF 74G-0015). On 11 December 1996, the area was staked as CBS 7794 within MPP 1176 by Rod Spooner for Uranerz Exploration and Mining Limited. The remainder of the MPP was allowed to lapse. In 1997, Uranerz Exploration and Mining completed a ground TDEM survey and follow-up drill holes VR-1 and VR-2 to the immediate north of the showing area (AF 74G12-0034). In 1998, a partnership involving Uranerz (98%) and Coronation Mines (2%) completed an airborne GEOTEM EM and magnetic survey over the claim block and followed this up by drilling holes VR-3 to VR-10 (AF 74G-0016). Hole VR-3 encountered the mineralization that constitutes the showing. Holes 4 to 10 were completed to further test and delineate the mineralization. In 1999, a partnership involving Uranerz, Cameco, and Cogema Resources completed ground TDEM, gravity, and level surveys on grid VR-99 and drill holes VR-11 and VR-12 to further test the mineralization encountered by drill hole VR-3 (AF 74G12-0036). The drill holes failed tointersect significant mineralization. Hole VR-11 returned a maximum probe value of 312 cps on Mfa sandstone and hole VR-12 had a maximum reading of 2,341 cps in Mfa sandstone. In the spring of 2000,the partnership completed ground TDEM, magnetic, gravity, and levelling surveys and follow-up drill holes VR-13, VR-14, and VR-14W1 on the VR-2000 grid (AF 74G12-0037). The maximum scintillometer reading for these holes is 100 cps. On 21 August 2001, the claim block was transferred 100% to UEM Inc. In the following year, a partnership involving UEM Inc., Cameco, and 2% Formation Capital completed drill hole VR0-16 on the showing and dr-sampled and completed core petrographic studies on holes VR-06, VR-07, VR-11 to -13, and VR-14W (AF 74G12-SE-0039). Better intersections are reported above. In 2003, a partnership involving Cameco and Cogema completed ground TDEM and pole-dipole resistivity surveys that covered the showing and they re-examined historic hole MC-02 located to the southwest of the zone (AF 74G12-SE-0040). In the same year, a UEM Inc.-Cameco-Cogema Resources-Formation Capital joint venture completed a core study of drill holes VR-5, VR-11, VR-13, VR-15, and VR-16, a drill hole review for drill holes VR-3 to -8 and -11 to -16 as well as ground TDEM and IP/Resistivity surveys (AF 74G12-SE-0041).

Reserves and/or Resources