The Project is situated on basement-type unconformity related uranium deposits, where this type of basement hosted deposits are found within the to a depth of over 300 meters.

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.