Anna Lake

uranium + molybdenum - rhenium

150 km north-northeast of Happy Valley-Goose Bay, Labrador

23 claims

5.8 sq/km

2% NSR of which 1% can be purchased for $1,000,000

UO2

Deposit

5.06 MILLION TONNES OF 0.044% U3O8

0.2 g/t Re at a 0.3% cut-off

highlights |

deposit model |

overview |

The Anna Lake Uranium-Molybdenum-Rhenium Deposit is located within the prolific Central Mineral Belt of Labrador, Canada, approximately 150 kilometers north-northeast of Happy Valley-Goose Bay and 35 kilometers southwest of the coastal community of Postville. The Deposit is hosted within the 5.75 square kilometre Anna Lake property.

Sediment Hosted Uranium

geology

and deposit

Regional Geology

Central Mineral Belt

The Central Mineral Belt is a northeast trending, one to two kilometre-wide Kanairiktok Shear Zone occurring at the intersection of the Nain and Makkovik geologic provinces. The Nain Province is comprised of tonalitic to granodioritic gneiss and variably deformed granodioritic intrusive bodies with subordinate mafic volcanic rocks of Archean age. The Makkovik Province consists of gneisses, granodioritic to granitic intrusive bodies, mafic to felsic volcanic and volcaniclastic rocks, and metamorphic equivalents varying in age from Archean to Paleoproterozoic.

The Anna Lake property claims are a part of the Makkovik Province within arcuate, en echelon, moderate angle reverse and/or thrust faults and nappes.

Property Geology

Post Hill Sedimentary Group

The oldest rocks underlying the Anna Lake property are grey-brown biotite schists, metasiltstone, arenite, and psammite, with lesser metavolcanic rocks belonging to the Post Hill Sedimentary Group. These rocks are in contact with an extensive pale-coloured, strongly-foliated, magnetite-rich, hornblende-biotite, granitic to granodioritic stock to the east, and a pink-coloured, generally weakly-foliated, magnetite-poor, hornblende-biotite, granitic to granodioritic stock to the west.

The Property also hosts small bodies of amphibolite, found within the metasedimentary rocks and the magnetite-rich granodiorite, as well as a series of northeast trending mafic dikes.

Deposit Model

Sediment Hosted Uranium

Uranium mineralization at the Anna Lake Deposit consists mainly of uraninite (UO2) and is hosted primarily within garnetiferous biotite schist belonging to the Post Hill Group of rocks. Sulphide content within portions of the biotite schist consists of up to 5% pyrrhotite, along with lesser amounts of molybdenum, rhenium, pyrite and chalcopyrite. Uranium mineralization within lithologies of the Post Hill Group are thought to be epigenetic and structurally-controlled, formed by the precipitation of uranium from solutions moving through the pre-existing rock or previously-deposited sediment.

exploration history

mid-to-advanced stages

1979

1979

British Newfoundland Exploration (Brinex) discovers a uraniferous boulder field, follows-up with detailed prospecting, ground geophysics, soil gas surveying, and 11 diamond drill holes totaling 1,222 metres

1979
2006

2006

Bayswater Uranium Corporation (“Bayswater”) commissions a high-resolution radiometric and magnetic survey

2006
2007

2007

Bayswater commissions an airborne EM survey, ground magnetics and IP surveying, and drills 41 holes totaling 9,668 metres

2007
2008

2008

Bayswater conducts ground geologic mapping and geochemistry, radon flux surveying, and drills 33 holes totaling 15,687 metres

2008
2009

2009

Bayswater commissions Fraser and Giroux to calculate an inaugural mineral resource estimate resulting in an estimate of 5.06 million tonnes of 0.044% U3O8, 0.014% Mo, and 0.20g/t Re at a 0.3% U3O8 cut-off*

2009
1979

British Newfoundland Exploration (Brinex) discovers a uraniferous boulder field, follows-up with detailed prospecting, ground geophysics, soil gas surveying, and 11 diamond drill holes totaling 1,222 metres

July 13, 2020
2006

Bayswater Uranium Corporation (“Bayswater”) commissions a high-resolution radiometric and magnetic survey

July 13, 2020
2007

Bayswater commissions an airborne EM survey, ground magnetics and IP surveying, and drills 41 holes totaling 9,668 metres

July 13, 2020
2008

Bayswater conducts ground geologic mapping and geochemistry, radon flux surveying, and drills 33 holes totaling 15,687 metres

July 13, 2020
2009

Bayswater commissions Fraser and Giroux to calculate an inaugural mineral resource estimate resulting in an estimate of 5.06 million tonnes of 0.044% U3O8, 0.014% Mo, and 0.20g/t Re at a 0.3% U3O8 cut-off*

July 13, 2020