Canada invests $70m in Seymour Lake lithium project in Ontario
The lithium mine operated by Australia's Green Technology Metals could become the province's first lithium producer.
United Uranium Corp. (TSX VENTURE:UUC) and Star Uranium Corp. (TSX VENTURE:SUV) (collectively the “Companies”) today announced that they have completed a ground magnetic survey on their Fort a la Corne diamond properties (the “Claims”). The Claims are situated immediately adjacent to the eastern border of the Shore Gold Inc. (“Shore”) Fort a la Corne project. The survey was completed by Apex Geoscience (“Apex”) of Edmonton, Alberta, and included an analysis of the jointly held Fort a la Corne diamond properties in Saskatchewan (the “Claims”).
The survey was designed to analyze existing airborne magnetic anomalies and more precisely locate and define the anomalies through ground work prior to commencing a diamond drilling program.
Based upon the 2010 review by Apex of 2004 airborne magnetic data, a total of 361 geophysical anomalies were selected as being of potential interest for future kimberlite exploration. A total of seven anomalies were identified as Priority-2 anomalies and selected as being of high interest for future kimberlite exploration. A total of 36 anomalies were selected as Priority-3 anomalies that require follow-up exploration and a total of 55 anomalies were selected as Priority-4 anomalies, which may or may not require follow-up exploration for kimberlites.
Based upon the data review and ground truthing, a total of 17 magnetic anomalies on Star’s Fort a la Corne Property were selected for ground geophysical surveys in order to evaluate them for potential kimberlites. Two anomalies, Star 179 and Star 352, warrant drill testing for kimberlite. Four additional magnetic anomalies may warrant a drill test and further ground geophysics are being considered to determine their future exploration and drill testing. A total of 25 Priority-2 and Priority-3 airborne magnetic anomalies were not the subject of the current group of ground geophysical surveys. The majority of these additional targets are considered by Apex and the Companies to be good kimberlite targets and warrant future ground geophysical surveys followed by possible drill testing.
Read the full news release here.
