|
|  |
 
| 
The South Maverick Uranium Property comprises one claim block containing approximately 4,181 hectares in Athabasca Basin. The Property is strategically located in the southeastern part of the Athabasca Basin, which is the largest high-grade uranium producing area in the world. Many significant uranium deposits, mines and prospects such as McArthur River, Key Lake, Harrigan, MAW, Millennium, and West Bear are present in this area. Saskatchewan unconformity-type uranium deposits contain up to 1.29 billion pounds of uranium resources. The Moore Lake Project, where the Maverick Discovery Zone is being actively explored jointly by Denison Mines Corporation and JNR Resources, is located adjacent to the north of the Property.
The South Maverick Property is a favourable exploration target for locating unconformity style uranium mineralization. An initial assessment of geological data indicates that the depth of unconformity is less than 100 m below ground surface in most of the Property area. The Property is underlain by lower conglomeratic quartz arenite rocks of Paleoproterozoic Manitou Falls Formation. The unconformity is represented by highly altered regolith which is greenish and /or red in colour with traces of graphite at places (DDH R023 and R-025, Assessment Report # 74-0024). The basement rocks beneath the unconformity are comprised of pale to pink meta arkose, semipelite and calc-silicate belonging to Wollaston Supergroup.
The South Maverick Claim lies on the outer eastern Athabasca Basin trend where the Maverick Discovery Zone (JNR Resources/Denison Mines), Harrigan Uranium Zone (Cameco.), and the West Bear Deposit (UEX) are located to the north and Key Lake deposit to the south of the Property. The West Bear deposit is located 15 to 26 m below the ground surface and is the shallowest identified uranium deposit in the basin, which can be mined using open pit methods (SMDI 1726, UEX Website). Shallow depth of unconformity at the South Maverick Property suggests its geological similarity with the West Bear Deposit.
Gravity West is in the process of compiling historical exploration data on the Property which will be followed by an exploration program to be started in July 2008. The scope of work for 2008 exploration program includes a boulder prospecting survey and sampling.
| |
|
| |
| |
|
