The press release is quoted as saying:
- Identification of three priority areas located near the Osprey, Dancing Lake and Big Bay grids;
- The priority areas are structurally similar to those hosting large deposits located elsewhere in the Athabasca Basin;
- 69 kilometres of Gradient Induced Polarization (IP) surveying has now been completed;
- Areas of interest are scheduled for detailed follow-up with Pole-Dipole IP surveying;
- A Technical Committee meeting is scheduled for mid-October at Rio Tinto’s offices in Vancouver to review the results and discuss the next phase of work.
The Red Willow property covers 25,612 hectares on the eastern edge of the Athabasca Basin. The Athabasca sandstone is shallow and the depth to unconformity varies from surface to 80 metres. The basement rocks are composed of intensely deformed and metamorphosed sedimentary, volcanic and plutonic rocks trending NE to SW. Five major uranium deposits are located along a NE to SW mine trend that extends through the Red Willow Project. To date only six of Red Willow’s 21 delineated target zones have been subject to first pass drilling.