공시 • Oct 12
Okapi Resources Limited Completes its Summer Exploration Program at the Newnham Lake and Perch Uranium Projects in the Athabasca Basin
Okapi Resources Limited announced that it has completed its summer exploration program at the Newnham Lake and Perch Uranium Projects in the Athabasca Basin. The exploration program consisted of prospecting, outcrop, and boulder sampling, as well as ground radiometric survey measurements. A total of 69 grab samples were taken throughout the program on the Perch and Newnham Lake projects. The field program combined with the satellite analysis completed earlier this year identified numerous favourable structural scenarios suitable for hosting uranium mineralisation. Future work will focus on planning and permitting for an upcoming winter diamond drilling program at both Perch and Newnham Lake projects. The exploration program focused on areas around the periphery and outside of the Athabasca Basin boundary to better identify exposed mineralised boulders and archean basement rocks. The goal was to identify areas associated with basement faulting and associated secondary hydrothermal alteration. Using a combination of historical data, available geophysical layers and the recently completed satellite analysis, areas within both projects were prioritised for follow up field programs. The summer exploration program across the two projects included: A total of 69 rock samples were collected over both projects, primarily from exposed outcrop, and the remainder from sub-angular boulders associated lithologically with local outcrops. Geochemical analysis of the rock samples yielded significant uranium values up to 23 ppm U3O8 on the Newnham Lake property and one sample of 265 ppm U3O8 on the Perch property. The geochemical anomalies generally coincide with structures identified from the satellite analysis and several of the largest anomalies are associated with significant gossan. The Newnham Lake project consists of 14 dispositions covering a total of 16,940 Ha and are 100% owned by Okapi. There are eight zones of interest on the property with anomalous results from each of these areas identified from the interpretation of stacked geological, geophysical and remote sensing layers. The company will focus on the A1, A3, C1, D1 and D2 areas as a priority for future work. Zone C traverses collected samples from the Camp Lake and Cyprian Fault Zones on the southern portion of the Newnham Lake property. The immediate exploration target were zones of extension marked by faulting that allow passage of hydrothermal fluids into the near surface. The prospecting program, identified anomalous geochemistry up to 21 ppm U3O8, associated with pegmatite dikes, indicating elevated uranium in the host rocks. The anomalous samples are associated with the generally north-south trending Camp Lake and Cyprian Faults. Zone A3 is centered on Karen Lake, a site of historic exploration interest, containing the Karen Lake Seeps uranium showing. In addition to multiple intersecting fault zones, there are radioactive pegmatitic (> 10,000 cps) and granitic boulders (> 1,000 cps) in the area. The fieldwork completed in 2022 identified consistently high radiometric uranium values of up to 121.7 ppm U3O8, associated with outcrops of relatively homogenous granite gneiss with phases of biotite-rich and coarse-grained granite gneiss. Sericitic alteration was noted in several samples. D1 and D2 areas are associated with the Cyprian fault and host several stacked anomalies. This major fault is more than 10 km long and has been historically underexplored. Field observations verify the gossanous zones identified from the satellite analysis with several grab samples reaching over 10 ppm U3O8. Compilation of historic exploration work combined with recent satellite image analysis at the Perch Project indicated a strong east-west structural fabric of intersecting northeast-southwest structures in the exposed, or near surface, Archean Basement rocks that lie north of the Athabasca Basin unconformity contact – these intersections appear to be coincident with historically identified anomalous geochemistry. Four target areas, A through D, were the focus of exploration activities during the summer program. Zone A1 prospected and sampled a zone of multiple intersecting structures, southwest along trend from the northeast-southwest structure. Geochemical sampling of the various outcrops returned uranium values ranging from 1 to 18 ppm U3O8, as well as one pegmatite dyke sample with 265 ppm U3O8, the highest result from either program. Several of anomalous geochemical samples are associated with a large-scale interpreted east-west structure intersecting the northeast-southwest trending structure. Zone C1, located on the eastern portion of the Perch property was interpreted to be a zone of extension. The prospecting program identified anomalous uranium up to 62 ppm U3O8, and cobalt (5.1 ppm Co), copper (11.9 ppm Cu), nickel (8.8 ppm Ni), vanadium (26.4 ppm V), and various select REEs associated with altered intrusive rocks. The anomalous geochemical samples are associated with large-scale interpreted northeast-southwest structures. Okapi's 100% owned Newnham Lake and Perch Projects straddle the north-eastern margin of the Athabasca Basin; both Projects consist of 15 mining claims totalling close to 18,500 hectares. The properties are located adjacent to and across the northeast margin of the Athabasca Basin approximately 75 km east-southeast of the hamlet of Stony Rapids, and 60 km east of the community of Black Lake, Saskatchewan. The 2022 exploration was conducted under the supervision of Tyler Fiolleau, P.Geo.of Axiom Exploration Group Ltd. A thorough chain-of-custody and QA/QC program was carried out during the program. Sample analyses were conducted by SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan.