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|  Project Highlights
Geology The Central Mineral Belt project lies on an area composed of Archean to Mesoproterozoic gneissic, sedimentary, volcanic and granitoid rocks. The project lies near the junction of three regional faults, where the Grenville front overprints the northeast trending boundary between the Nain and Makkovik tectonic Provinces. Basement to the area is Archean gneiss of the Nain craton. The local geology is comprised of Archean gneiss and intrusive Maggio Gneiss/Weekes Amphibolite and Kanairiktok Intrusive Suite intruded by diabase and pegmatitic dykes. The Two Time Zone is the most advanced prospect on the newly acquired claims. It has a current strike length of 475 metres and remains open to the south and to depth. Mineralization is hosted by altered, brecciated, and fractured granitic rocks of the late-Archean Kanairiktok Intrusive Suite. Chlorite, carbonate, hematite, and albite alteration predominates. This is the first occurrence of significant uranium mineralization in these rocks. Previous Exploration Work In 2006, Fugro Airborne Surveys completed a radiometric survey on the claims which comprise the newest acquisition. The survey identified 17 high priority targets, which were selected for follow-up. Follow-up over the following year, which included prospecting using scintillometers, trenching, channel/chip sampling, stream sediment sampling, and lake bottom surveying, helped to identify the Two Time Zone and Firestone Showing as potential mineralization targets. The majority of subsequent exploration work has focused on the Two Time Zone. A geological mapping, prospecting and sampling program was conducted during the summer of 2009 to evaluate airborne geophysical and ground geochemical anomalies. The program resulted in the discovery of four new uranium targets as well as confirming the presence of historic high-grade mineralized float at the CMB-East (CMB-E) Property with the best new result being 2.19% U3O8. Two of the new targets are located on the CMB-Jacques Lake (CMB-JL) Property and two additional targets are located on the CMB-North East (CMB-NE) Property. The property location map can be seen below: For additional information on the Exploration Work of the CMB Joint Venture, please see the Two Time Zone Technical Reports Click here for the complete NI 43-101 report on the CMBNW Property (Two Time Zone) | | ||
