SMDI #

2740

Historical Showing Names

Maverick Uranium Zone

Project Name

UTM Northing (NAD83 Z13)

6363731.0000

TRM (Township-Range-Meridian)

97-20-2

Associated Commodities

Arsenic, Cobalt, Copper, Lead, Nickel, Zinc

Status

Deposit: Advanced Exploration

Geological Domain

Wollaston

Host Minerals

Arsenopyrite

Exploration History

8/1/2003 Between 1961 and 1964, the government of Saskatchewan completed reconnaissance aeromagnetic surveys over the showing area. Million scale maps were published. The showing area was first covered by Alvin R. Babchuck Permit No. 1 in the mid 1960s. No work was reported on the permit and on 19 November 1969 it was sold and became Calta Mines Ltd. Permit. No. 1. In 1967, A. Baer geologically mapped the showing area at a scale of 1:100,000 for the Geological Survey of Canada. In 1969, Calta flew a reconnaissance airborne radiometric and completed follow-up geological mapping, gravity surveys, and hydrogeochemical sampling (AF 74H06-0002). No further work was reported on the Calta permit and it was dropped on 29 April 1971. In 1973, Inexco Mining Company flew an airborne radiometric survey that covered the showing area (AF 74H-0011). The showing area remained open until 26 September 1975. On that date, Unit Uranium Corporation staked CBS 4557 over the showing location. Between 1975 and 1976, a Uranerz Exploration and Mining Company Limited and Inexco partnership flew an airborne EM and magnetic survey that covered the showing area and completed regional lake sediment sampling (AF 74H-0013). In 1976, Noranda Exploration optioned the property and completed airborne EM, magnetic, and radiometric surveys and a follow-up ground program of geological mapping, prospecting, lake sediment sampling, and grid EM and magnetic surveys (AF 74H06-0012). In 1978, they completed a re-interpretation of the Northway airborne magnetic survey (AF 74H06-0027). In 1979, they completed further Turam EM surveys (AF 74H06-0024) and in 1980, they drilled a hole at Meyers Lake to the east of the showing (AF 74H06-0053). In 1982, Noranda completed 2 drill holes to the east of the showing around Moore Lake (AF 74H06-0060). The property was allowed to lapse on 1 July 1978. In 1980, L. Forsythe geologically mapped the showing area at a scale of 1:100,000 for the Saskatchewan Geological Survey. On 20 June 1985, Interuranium Canada Limited/Ltee staked the showing area as CBS 7571. Between 1986 and 1987, Interuranium completed ground UTEM and remote sensing surveys, re-interpreted the GEOTEM airborne survey, and completed reconnaissance lake sediment sampling (AF 74H-0033). Between 1987 and 1988, they completed ground UTEM, Max-Min, and magnetic surveys, further lake sediment sampling, and geological mapping and rock sampling (AF 74H-0037). Between 1988 and 1989, they completed 13 drill holes (none in the immediate showing area) and a ground TDEM survey (AF 74H06-0099). In the spring of 1990, they completed a further 3 drill holes (not at the showing location) and a ground gravity survey (AF 74H06-0103). In 1990, CBS 7571 was reduced and Interuranium staked the showing area as S-101331 within CBS 7571. Between 1990 and 1991, a partnership involving Interuranium Canada, Cameco, and PNC Canada Exploration completed aground gravity and UTEM surveys and a boulder sample program on the claim (AF 74H06-0104). No further work was completed and the claim was eventually dropped. Between 1998 and 1999, JNR Resources Inc. completed boulder sampling over the showing area. On 1 November 1999, JNR Resources staked the showing area as S-106304. In 2000, JNR Resources Inc completed ground TDEM and magnetic surveys on the Moore Lakes Fold grid and follow-up drill holes ML00-01 to ML00-05 (AF 74H06-0109). Drill hole ML00-03 encountered the mineralization that constitutes the Maverick Zone. Step out drill holes ML00-04 and ML00-05 failed to intersect the mineralization. Later in the year, Kennecott Canada Exploration joint ventured into the property. They completed seven lines of gravity over the Maverick Zone and drill holes ML00-06 to ML00-14 (AF 74H06-0112). A JNR news release dated 23 June 2000 stated that holes ML00-06 and ML00-07 failed to intersect high grade uranium mineralization and drill hole ML00-08 intersected 0.67% U3O8 over 5.6 m (319.3 m to 319.9 m) in a fractured pegmatite located 60 m (196.9 ft) below the unconformity. In the same year, they completed a boulder sample survey that covered the showing area (AF 74H06-0111). Between 2000 and 2001, Kennecott flew GEOTEM and magnetic surveys over the property and completed ground TDEM and magnetic surveys, and follow-up drill hole 01ML-18 on the Maverick Zone (AF 74H06-0110). The drill hole failed to intersect significant mineralization. In 2002; Kennecott completed a ground TDEM survey and drill holes 02ML-23 to 02ML-27 (AF 74H06-NE-0116) The better intersections are given above. During the 2003 to 2004 winter, JNR Resources completed drill holes ML-29 to ML-46 on the Maverick Zone (AF 74H06-NE-0117). In the summer of 2004, a partnership involving JNR Resources and Kennecott Canada Exploration completed drill holes ML-41 to ML-71 and ML-501 to ML-508 plus a ground TDEM survey on the Maverick Zone (AF 74H06-NE-0122 and MEIP file 74H06-NE-0123). This work remains confidential. In the winter of 2005, a JNR Resources-International Uranium Corporation-Kennecott joint venture completed drill holes ML-72 to ML-79 on the Maverick Zone and Maverick Corridor drill holes ML-509 to ML-512, ML-701 to ML-706, and ML-801 to ML-813 and ground TDEM and gravity surveys (AF 74H06-NE-0120) on 6 grids in the showing area. This work remains confidential On 29 March 2006, JNR Resources announced, through an email, that their 2006 drill program, completed in the Maverick Corridor, had encountered two new zones of uranium mineralization that were named the 525 Zone and the 527 Zone.

Reserves and/or Resources