Uravan Minerals Inc. Announces Stewardson 2015 Drill Program
Jun 9 15
Uravan Minerals Inc. announced that the company has finalized its strategy for positioning two diamond drill holes on its Stewardson project. The 2015 drill program will test the C-conductor trend (Area B), where it is highly supported by surface geochemical anomalies, for hosting potential unconformity-type uranium mineralization. The Stewardson project is located on the Virgin River structural trend within the south-central portion of the Athabasca Basin1, Saskatchewan [map Link]. The project is a joint exploration effort between Uravan and Cameco pursuant to the Halliday/Stewardson Option Agreement [press release link]. Uravan owns 100% of the Stewardson property and Cameco is earning an interest. Uravan is the operator and Cameco is funding the program. The C-conductor, in anomalous Area B, is a major north-south trending basement EM (electromagnetic) geophysical feature defined by a 2013 airborne ZTEM2 geophysical survey [map Link]. Two-dimensional (2D) and three-dimensional (3D) inversion modeling of the ZTEM data was completed by Geotech Ltd. and Computational Geosciences Inc. (CGI), respectively, with follow up interpretation by Lawrence Bzdel, an independent geophysical consultant. The inversion of the ZTEM survey data displays the C-conductor as a kilometer or more wide basement conductive corridor that generally dips steeply to the west. The 3D inversion defines a single conductive trace along strike, whereas the trace of the 2D inversion appears multidimensional, displaying several parallel to sub-parallel conductor traces, suggesting more structural complexity. This structural complexity is defined where the C-conductor trend appears to have been shifted in an east-west direction by several prominent lineaments (L1, L5 and L8). Also of note is the increased conductivity just above the unconformity in the Athabasca Group sandstone section along the C-conductor corridor. This enhanced conductivity suggests the existence of an `alteration chimney' above the unconformity, potentially due to structural reactivation and hydrothermal activity resulting in potential uranium mineralization at depth. The C-conductor (Area B) is highlighted by a number of multifaceted surface geochemical anomalies. These anomalous zones were determined by two surface geochemical surveys; a 2011 property-wide survey completed on 500 m grid spacing; and an infill surface geochemical survey in 2014 that was focused over the C-conductor in anomalous Area B. The infill surface geochemical program was completed on 250 m grid spacing designed to better resolve the surface geochemical anomalies and anomalous trends identified in the 2011 survey. The surface geochemical surveys completed in 2011 and 2014 over the C-conductor (Area B) reveal a number of compelling multi-element and multi-media anomalies. Radiogenic lead (207Pb/206Pb ratios) and uranium (U) anomalies in the soil clay-size fraction aresupported by elevated MET3 values, high concentrations of potassium (K), calcium (Ca), magnesium (Mg), rubidium (Rb) and beryllium (Be) (elements representative of clay alteration), and anomalous concentrations of nickel (Ni), copper (Cu), cobalt (Co) and arsenic (As) (representative pathfinder elements). The lineaments, L1 and L8, discussed above, appear to be bounding structural features with respect to the anomalous surface geochemistry, thereby highlighting a favorable EM conductor with a coincident anomalous surface geochemical corridor.
Uravan Minerals Inc. Auditor Raises 'Going Concern' Doubt
Apr 17 15
Uravan Minerals Inc. filed its Annual on Apr 17, 2015 for the period ending Dec 31, 2014. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Uravan Minerals Inc., Annual General Meeting, May 22, 2015
Mar 19 15
Uravan Minerals Inc., Annual General Meeting, May 22, 2015., at 13:00 US Mountain Standard Time. Location: Building B8, 2nd Floor Boardroom. Agenda: To receive and consider the financial statements of the company for the year ended December 31, 2014 and the auditor's report thereon; to fix the number of directors to be elected at the Meeting at six; to elect directors of the company for the ensuing year; to appoint MNP LLP as the auditors of the company for the ensuing year and to authorize the directors to fix the auditors' remuneration as such; to re-approve the company's rolling share option plan (the share option plan) which allows for the issuance of that number of common shares as is equal to 10% of the company's issued and outstanding common shares at any given time; and to transact such further and other business as may be properly brought before the Meeting or any adjournment thereof.