CSE : GXP | FRA : HW3 | OTC : GXPLF

PRESENTATION
NEWS ALERTS
presentation
News Alerts

CSE : GXP | FRA : HW3 | OTC : GXPLF

CSE : GXP | FRA : HW3 | OTC : GXPLF

CSE : GXP | FRA : HW3 | OTC : GXPLF

Uranium

Carpenter Lake

SEE PROJECTS

INTRODUCTION

Athabasca Basin

Carpenter Lake project Map
  • The Athabasca Basin is a region in the Canadian Shield of northern Saskatchewan and Alberta, Canada. It is best known as the world’s leading source of high-grade uranium and currently supplies about 20% of the world’s uranium.

  • Home to the world’s largest and highest-grade uranium mines including Cameco’s McArthur River and Cigar Lake uranium mines which contain total mineral reserves of 165.6mlbs @ 15.9% U3O8 and 391.9mlbs @ 6.9% U3O8 respectively. 
  • Over the last 65 years, there have been 39 deposits discovered in the Basin containing a total of well over 2 billion lbs of U3O8.
  • The Athabasca Basin hosts the world’s largest high-grade deposits, with grades that are 10 to 100 times greater than the average deposits mined elsewhere in the world.
  • Canada is the second largest producer of uranium in the world, accounting for 22% of the total output.
Carpenter Lake project Map
Click to enlarge
Click to enlarge
Click to enlarge
Click to enlarge

INTRODUCTION

The Carpenter Lake Project

Click to enlarge
  • Historical sampling from 2014 reveal multiple radioactive boulders on the Project with three (3) over 1,000 ppm uranium, and up to 1,550 ppm uranium.

  • 15,092 Hectares over 7 claims in the Athabasca Basin, a renowned Uranium district in Saskatchewan, Canada.

  • 95 km west of Cameco’s past producing Key Lake uranium mine which extracted 225 million lbs. of uranium by open pit at an average grade of 2.3% U3O8 from 1983-1997.

  • Multiple uranium occurrences on the Project including diamond drilling from 1979.

      – 95 km west of the past-producing Key Lake uranium mine.

      – 70 km west of the active Key Lake Mill which is serviced by HWY 914.
      – 45 km southeast of the Centennial deposit on the Virgin River shear zone.

  • Historical diamond drilling consisted of 2 holes but was cut short by a drill camp fire. Favourable graphitic and pyritic lithologies were encountered.

  • Greenridge drilled 1,343m in 5 diamond drill holes in the summer/fall of 2025 – analytical results are pending.

The Carpenter Lake Project

geology

  • The Project is highly-prospective for basement type, unconformity-related uranium mineralization.

  • The Millennium deposit,  the Eagle Point deposit and the P-Patch deposit are examples of this type of unconformity related deposits. 

  • The Carpenter Lake Project exhibits strong radiometrics and base metal geochemistry that has never been followed up. The area remains underexplored yet hosts multiple strong coincident indicators.

  • Northern Saskatchewan is underlain by polydeformed metamorphic basement rocks of Archean and Proterozoic age, which are overlain by flat-lying to shallow-dipping, post-metamorphic quartz sandstone of the late Proterozoic Athabasca Group, and Phanerozoic sedimentary rocks of the Mannville Group.

  • Granite gneiss and granite pegmatite are the dominant lithologies at Carpenter Lake, with lesser mafic gneiss, pelitic schist and scattered mafic dykes. The Cable Bay Shear zone is delineated on the property by three parallel electromagnetic conductor axes, suggesting the hanging wall, footwall and middle of a conductive panel of graphitic or sulphide-rich rocks.

Click to enlarge
click to enlarge

The Carpenter Lake Project

Previous Work Summary

2014

  • February – Electromagnetic and horizontal magnetic gradiometer survey (VTEM Survey).
  • May – Radon-in-water and radon-in-soil survey.
  • June – Airborne gamma spectrometer survey.
  • August – Boulder prospecting program to follow up targets defined in airborne surveys, including 71 rock samples.
  • September – 1,473 radon samples over 2 stage program to enhance targets established from previous surveys.


2015

  • March – Airborne gravity gradiometer survey which showed a magnetic signature is dominated by a sharp linear trend following the Cable Bay Shear Zone, but is narrower than the width of the entire zone. Closer examination shows that this magnetic response is broken and possibly slightly offset in places by cross-cutting structures.


Historical Exploration

  • 1979/1980 – Diamond drilling confirmed the presence of graphite and pyrite with biotite gneiss and amphibolite. No major brecciation/shearing were noted in the drill logs.

Contact

GO

Projects

GO

Investors

GO
Stay Up To Date

Subscribe To Our Newsletter