LUR:CNX

LURAF:OTCQB

Notakwanon Project

Notakwanon Project

Labrador Uranium - Image - Bird Eye view

SNAPSHOT

Location:

Northern Labrador, Canada

Ownership:

100% Interest

Deposit Type:

Basement-hosted

Stage:

Exploration

Primary Minerals:

Uranium

OVERVIEW

The Notakwanon Project is located in northern Labrador, approximately 60 km west of the Labrador coast and straddles the boundary of the Churchill and Nain Provinces. The Project is accessible via float plane or helicopter from Hopedale, Nain or Happy Valley-Goose Bay.

WORK COMPLETED

Altius Minerals completed a grassroots exploration program in 2006, which resulted in the discovery of a style of uranium mineralization that is unique in Labrador. Previous exploration work identified a cluster of uranium prospects with greater than 20 occurrences. Radiometric surveying by Altius Minerals highlighted broad elevated responses around the occurrences. Three main zones with traces of high-grade uranium mineralization have been identified including:

  •  Rumble: Grab samples have returned values of up to 3.49% U3O8 and saw-cut channel samples have yielded up to 0.48% U3O8 over 2.5 m
  • Old School: Grab samples have yielded up to 2.08% U3O8.
  • Notak-1: Grab samples have yielded up to 1.81% U3O8


Overall, the Notakwanon Project is an untested, drill-ready, multi-target project with similarities to basement-style uranium deposits.

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