Labrador, Canada (Central Mineral Belt)
Mineralization is hosted within felsic to intermediate volcanic rocks of the Aillik Group and lesser foliated mafic dikes that cross-cut the succession
The Mustang Lake Project is host to several uranium prospects consisting of numerous radioactive boulders, and lesser mineralized outcrop. The mineralization is hosted within felsic to intermediate volcanic rocks of the Aillik Group and lesser foliated mafic dikes that cross-cut the succession. The felsic rocks locally resemble those hosting mineralization at the Michelin deposit. The more intermediate rocks display similarities to those hosting mineralization at the Jacques Lake deposit. Three main prospects occur within the area: Mustang Lake, Irving Zone and Mustang Lake North. The Project has potential for IOCG-style mineralization and is host to the highest lake-sediment value for uranium within the entire Michelin-Jacques Lake region. Past diamond drilling intersected uranium values of 9.11 m of 0.12% U3O8.