Crackingstone
Uranium
A unique opportunity for uncovering a significant Uranium deposit,
combined with the potential for a major Rare Earth discovery.
Drilling planned for Q4 2024, Permit Pending.
So why is our Crackingstone uranium project an excellent prospect
for the discovery of a major uranium deposit?
‘Watch video for the answer’
Faults: Most of the uranium deposits are associated with faults as the faults provide ample fractured ground for hosting uranium mineralization.
Electromagnetic (EM) conductors: mark graphite in the basement rocks and graphite is key for finding uranium in the Athabasca basin.
Uranium: Uranium mineralization associated with Faults/EM conductive zones or corridors.
Many large uranium deposits are associated with graphite-rich faults, which are thought to have acted as near-ideal traps for triggering deposition of unusually large and high-grade ore zones.
Crackingstone Uranium Project Highlights
- Drilling planned for Q4 2024. Drilling permit pending.
- Situated in the prolific Beaverlodge uranium district on the north shore of Lake Athabasca.
- History of high grade uranium mineralization – up to 15.6% U3O8.
- 11 tons @ 2.3% U3O8 previously mined from property.
- 3 major structural graphitic mineralized corridors have been defined on the property.
- 2008 drilling defined a 1,800 m in strike length, near surface uranium mineralized zone associated with pegmatite and hematitic alteration.
- Drill hole C08-14 intercepted 2.08% U3O8 over 0.3 m and 0.873% U3O8 over 0.5 m within 1.182% U3O8 over 0.9 m from 49.1 to 50.0m.
- For the first time over 50 years of exploration data compiled into a single database.
- Upon review of the new exploration database, 4 primary targets were selected for 2024 drilling.
3 major structural (faults) graphitic (EM) mineralized (uranium) corridors.
1. Faults play a major role in the ore-forming process by providing a conduit for hydrothermal fluids. Most all uranium deposits are closely associated with fault systems. The Crackingstone aeromagnetic survey identified numerous basement structures (faults) trending north – east and east–west, identified as magnetic lows.
2. EM Graphitic Conductors: Airborne EM with follow up Ground VLF-EM survey identified 4 primary structural conductive corridors. EM conductors are potentially indicative of the presence of graphite- and/or sulphide-bearing basement rocks which are associated with all significant uranium deposits in the Athabasca Basin region.
3. Uranium Mineralization: Historic uranium sampling has confirmed the presence of uranium mineralization throughout the property with grades as high as 15.6% U3O8. Most of the surface uranium mineralization is coincident with structural faults and/or EM conductors. Many deposits in the Athabasca Basin have been discovered by drilling on or near similar mineralized conductive graphite-bearing faults.
Crackingstone 2024 Drill Targets
The Company is awaiting approval of a comprehensive 40 drill holes, 10,000 metres drill permit application. The permit will allow drilling on the Crackingstone property for 2024 and 2025 drilling seasons. Approval is expected for Sept. 2024.
Drilling will initially test 2 of the 3 major structural graphitic mineralized corridors for uranium mineralization at depth.
2008 drilling intercepted 1.8kms of uranium mineralization along with extensive hematite and pegmatite. It is believed that the hematite may be an alteration halo around a strong uranium deposit nearby at drill target #1.
The drilling will also test uranium continuity along the Boom Lake Uranium Corridor.
2008 drill program delineated 1.8 kms of uranium mineralization
A 2008 20 hole, 3,000 meter diamond drilling program covering an 1,800 meter strike length was carried out. The drilling tested an EM conductor from the Boom Lake – Crackingstone intersection north along the Boom lake fault. All of the drill core was mineralized with uranium along with pegmatite and hematite alteration.
2008 Drill Holes with Uranium Intercepts over Radiometrics – Uranium
In March of 2008 Belmont carried out a 20 hole, 3,000 meter diamond drilling program covering an 1,800 meter strike length from the Boom Lake – Crackingstone intersection north along the Boom lake fault.
All drill hole intercepted uranium mineralization.
Some highlights are as follows:
Hole C14:
2.087% U3O8 over 0.3 m and 0.873% U3O8 over 0.5 m
within 1.182% U3O8 over 0.9 m from 49.1 to 50.0 m
DH C14 Drill Core – 2.08% U3O8 over 0.3 m and 0.873% U3O8 over 0.5 m
within 1.182% U3O8 over 0.9 m from 49.1 to 50.0m
Hole C8:
0.362% U3O8 over 0.15 m from 114.4 to 114.55 metres
within 0.277% U3O8 over 0.25 m from 114.4 to 114.65 m
0.371% U3O8 over 0.5 m starting from 116.2 to 116.7 m;
0.146% U3O8 over 0.35 metres from 123.35 to 123.7 m
Hole C10:
0.256% U3O8 over 0.4 m from 108.5 to 108.9 m
In addition to the uranium mineralization, drilling intercepted a 1.8 kilometer pegmatite dyke. Pegmatite is often associated with uranium mineralization in the Athabasca basin. Of equal importance was the extensive amount of hematite alteration intercepted across the entire 1.8 kilometer zone. Hematite alteration is commonly associated with uranium in the Athabasca basin. Hematite alteration is an indication of uranium precipitation during the hydrothermal event.
The results of the 2008 drilling were very positive with the interception of uranium mineralization, pegmatites and hematite alteration along the Boom Lake and Crackingstone structural fault zones confirming the methodology of exploring the intersection point of the structural features and the discovery of new zones of mineralization not previously known.
Uranium Intercepts
All 2008 drill holes intercepted uranium mineralization over 1.8 kms
Pegmatite Intercepts
Pegmatite is often associated with uranium mineralization in the Athabasca basin.
Hematite Intercepts
Hematite is an alteration type often associated with uranium and the occurrence of hematite in alteration zones is an indication of uranium precipitation during the hydrothermal event.
The Beaverlodge Uranium District
The Crackingstone property is situated to the north of Lake Athabasca and within the Athabasca Basin region. It is positioned only 6 km south west of Uranium City. Uranium City boasts a certified airport, access to hydroelectric power, a well-stocked grocery store, a convenient bulk fuel dispensary, a comprehensive fleet of heavy-duty construction equipment, and reliable telephone and internet communication services.
Historic work in the Uranium City area dates back to the 1950’s. From 1953 to 1982, sixteen deposits were brought into production which produced a total of 70,250,000 lbs U3O8 averaging 0.24 % U3O8. The grades ranged from 0.18% to 0.43%.
The Crackingstone property covers 5 kms of the Black Bay Shear Zone, a major structural feature in the region which hosts several past producing mines such as the past producing Leonard and Smitty uranium mines combined to produce 876,000 lbs of uranium oxide and to the northeast the Cayzor uranium mine produced approximately 1,372,800 lbs with unexplored depth potential.
Structural Faults
On the property and on strike with the Black Bay structural corridor are the northeasterly Chance Lake and Boom Lake Faults. These two faults are on trend with the Leonard, Smitty and Cayzor past producing uranium mines, 6 kilometers north east of the property.
These faults appear to have been reactivated several times to provide ample fractured ground for hosting the uranium mineralization. The easterly Crackingstone fault intersects the two northeasterly faults on the property. The Cinch Lake uranium mine is situated on the Crackingstone fault 6 kilometers east of the property
The two areas of fault intersections are prime locations for potential uranium mineralization. The intersection area of the Boom Lake and Crackingstone faults tested successfully in a 20 hole drilling program in 2008.
EM Conductive Corridors
A 2007 EM survey by Belmont has delineated three primary conductive corridors on the property. The Chance Lake and Boom Lake EM corridors are coincident with the Chance Lake and Boom Lake north easterly faults. The Nero Lake conductive corridor is a broad corridor trending north easterly in the south east area of the property. All three corridors are associated with Uranium occurrences.
