Brazil Resources (TSXV:BRI) recently completed results of a Time Domain Electromagnetic (“TDEM”) ground survey on its Rea Uranium Project in Saskatchewan’s Athabasca Basin. The Rea project is owned 75 percent by Brazil Resources and 25 percent by AREVA Resources Canada.
As quoted in the press release:
- Preliminary ground Time Domain Electromagnetic (“TDEM”) results confirm and further delineate the presence of a high-priority airborne electromagnetic conductor at the Rea Project.
- The conductor is located two kilometres west of AREVA Resources Canada Inc.ꞌs high-grade Maybelle River Uranium Project.
- The ground TDEM conductor is sub-parallel to and likely related to the Maybelle River Shear Zone.
- The Rea Project is one of the largest landholdings in the Western Athabasca Basin, a region that has experienced a surge in exploration activity with the recent discoveries and announcement of large, near surface, high-grade, basement hosted uranium resources by NexGen Energy Ltd. and Fission Uranium Corp.
Brazil Resources CEO, Garnet Dawson, said:
The 2016 geophysical program confirmed and refined a high priority target for follow-up drill testing. This target as well as several other high priority anomalies have been identified on the Rea Project and will be the focus of a future drill program. The recent success by Fission and NexGen along the Patterson Lake Corridor points to the potential for large, near surface, basement hosted deposits in this under-explored region of the Western Athabasca Basin.
Click here for the full press release.
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