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Henday


Ownership: Forum 40%  -  Uranium Energy Corp (UEC) 60% (Operator).
Stage: Highly Prospective; Numerous untested targets. Limited drilling completed.
Size: 7,204 ha
Location &
Infrastructure
Henday is located in the northeastern margin of the Athabasca Basin near the past producing McClean Lake projects, where five out of nine known uranium deposits were mined by AREVA/ Denison from 1997-2008. Access is by both winter roads or trails connected to Provincial Highway 905 and by air to the community of Points North Landing, located approximately 30km south of the Property.
Regional
Significance
The mineralized zones in the McClean trend occur as pods that straddle the unconformity between the Athabasca sandstones and the crystalline basement at an average depth of 160m below the surface. The nearby Roughrider deposit is a basement rock hosted discovery made in 2008, and later acquired by UEC in 2022.
Proximity to
significant
deposits
Strategically located north of UEC’s Roughrider deposit and northeast of the Orano/Denison McClean Lake deposits.  The Orano/Denison McClean Lake mill, which is currently processing high grade uranium ores from Cameco’s Cigar Lake mine is situated to the southeast.

Outlook

  • The Henday property has several high potential geologic targets. Three target areas known as Hollow, Epitaph, and Elephant, were partially drill tested in 2016 and require follow-up work.
  •  On August 22 2023, UEC acquired Rio Tinto’s 60% interest in the Henday project. Under the terms of the existing agreement, UEC can earn an additional 10% interest in the project by funding $20 million in exploration, or by completing a feasibility study.


Location Map.
Areas highlighted in red are known uranium deposits.


Basement Alteration 130m below the unconformity


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