|Stage:||Highly Prospective; Drill Ready|
|Regional infrastructure to the properties is excellent with year-round road access, readily available power nearby, and close proximity to Cameco’s Key Lake uranium processing facility. Provincial Highway 914 (Key Lake Hwy.) bisects the property.|
|This project covers the Wollaston/Mudjatik boundary, a major lithostructural boundary.|
|Cameco’s former producing Key Lake mine, which extracted over 200 million pounds of uranium by open pit methods at an average grade of 2.3% U3O8 from 1983 to 1997, is located nearby to the northeast of the Karpinka property.|
- Exploration focus is on discovering basement-hosted type uranium deposits similar to Millennium, Eagle Point, Sue C, Triple R, Roughrider, and Arrow, which can extend down to 900m below the unconformity.
Proposed Work Programs for 2019
- Future work has been deferred until market conditions improve.
- Recommendations are to drill test the numerous remaining gravity/EM targets on the project in late 2017 or early 2018.
- In July 2016, an exploration program consisting of 4 diamond drill holes totaling 576m was completed. The locations of the holes were based on existing geophysics (gravity and EM) from previous exploration programs conducted by Forum.
Maps & Figures
Figure 1: Karpinka Location Map
Figure 2: Filtered Gravity and DDH Locations on the Karpinka Project. Blues are gravity lows, reds are gravity highs. The solid red lines are the EM conductors which dip steeply to the east, and the black and white dashed line represents the interpreted Wollaston/Mudjatik boundary. White ellipses are prospective drill targets.