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Location: Eastern Quebec, Canada
Big Mac and Charles Uranium Projects, Quebec
These uranium projects consist of two mineral properties covering 4,179 hectares in the Otish Basin of Québec. Anglo's Big Mac property is located 350 km northwest of Chibougamau in central Quebec. The property is located within 0.5 km of the Cogema/Soquim's property and 2.5 to 3 km east of the L-Zone property deposit. The Quebec Department of Mines files indicate a historic resource compiled in 1985 of 5 Million pounds of Uranium metal. These historic results do not meet the requirements of the C.I.M. standards and therefore are not NI 43-101 compliant.
The Charles property is located 15 km southwest of the Big Mac and is close to the southern edge of the basin. The Eastmain winter road passes near the western boundary of the Basin.
Cogema's and Soquem's 1980-85 exploration work consisted of regional airborne (both fixed wing and helicopter supported) radiometric, electromagnetic and magnetic surveys and a systematic stream sediment and lake sediment survey. The area was also prospected and mapped. Significant mineralization was intersected in altered gabbros and sediments at the contact of a gabbro dyke with sandstones and dolomite.
The Strateco Matoush property is located 81 km west southwest of the Big Mac property. The uranium mineralization is concentrated in porous sedimentary rocks at their intersection with a north-south fault containing gabbro dyke remnants. The source area for these anomalies is considered to have the potential to host the root zone of an unconformity deposit at the west contact of the gabbro dyke. In addition to having potential for deep unconformity-type uranium deposits, both of the "308" claim blocks straddle the unconformity and indicate potential for classic unconformity-style uranium mineralization both below and above the unconformity surface.
The Otish Basin is an elongate structure with dimensions of 37 km X 162 km and 516,000 ha. Approximately ½ the basin is covered by either a park or right of way. The main participants in the earlier uranium exploration of the Otish Mountains were: Soquem, Uranerz, Phelps Dodge, Pancontinental-Cominco, Atlantic Richfield, Shell Oil, and Cogema. The Otish Basin may be compared to the Athabasca Basin in Saskatchewan, which accounts for approximately one third of global Uranium production.
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Dragon Uranium Project
The Dragon Uranium project consists of 30 claims located in Beaver County which includes a one mile area of interest surrounding claims.
The Dragon Property lies in a significant uranium region, and has demonstrated high scintilometer counts over a large area where historical uranium mines and deposits occur. These high counts are associated with hematite, pyrite, silica and fluorite mineralization in an altered volcanic unit. Selected grab samples (altered volcanics with readings) run as high as 0.16 % (3.5 pounds) U3O8. This highly altered rock can also be seen on high resolution satellite imagery. Additional staking is currently in progress on this and other prospective Utah and surrounding region properties.
Locuist Uranium / Vanadium Project
The Locuist Uranium / Vanadium Project consists of 39 claims located in San Juan County,Utah .
The property covers two blocks known as the East Canyon Wash area, which includes the former producing Locuist Mine. The mine was operated by Atlas Mining Corp, but was shut down when nuclear energy fell out of favor after the Three Mile Island incident. The second block of claims is located adjacent to the operating 'Jim But Mine' and contains good Uranium (U308) sample values, together with evidence of good vanadium values. The Locuist Mine was mining 0.25% U308 plus vanadium when mining was terminated. A uranium/vanadium processing plant is located near Blanding, approximately 50 miles from the Locuist property.
San Juan County was the source of 83% of the one hundred and eleven million pounds of U308 produced in Utah up until 1982, together with 60 million pounds of vanadium.
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UTAH PROJECT MAP
Spider Rock Uranium Project
The Spider Rock claims are located in the Delores and San Miguel Counties of Colorado, in the heart of the four corners area of historical uranium and vanadium exploration and mining. The Four Corners region, where Utah, Colorado, Arizona and New Mexico meet, was a prominent area of uranium production for a number of years. Previous exploration highlights of this project include 28 drill holes confirming uranium and vanadium mineralization, and a historical resource of 185,000 pounds of uranium oxide (averaging 0.20 % over 1.83 meters) and 2,000,000 pounds of vanadium oxide. This exploration was completed by Western Nuclear, a subsidiary of Phelps Dodge Corporation during 1976 to 1984.
Recent developments in this region include the re-opening of the White Mesa uranium and vanadium mill by IUC Resources, which can process ore from a 350 mile radius. Anglo Canadian's geological team intends to further develop the project through commissioning of a NI 43-101 report, intended to further delineate the current historical resource and identify a plan for additional exploration and development.
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MAP OF SPIDER ROCK
Joseph Uranium / Vanadium Project
The Joseph Uranium / Vanadium project consists of 106 claims located in the Bull Canyon region in Colorado, within the Uravan Mineral Belt near the Utah border.
This claim group, known as the Joseph claims, is well known for its uranium and vanadium production, with five (5) historically producing mines included in the land parcel. They are located approximately 100 km east-northeast of Blanding, Utah, within the Uravan mineral belt. These mines include the Ura, Zebra, Peanut #1, Peanut #2, and Gilbert mines, which were operated by Union Carbide until 1983. The Bull Canyon region is a well known producer of uranium and vanadium, with a ratio of 5-1 vanadium to uranium. The average uranium grades reported from historical production were 0.20% -- 0.25 %, with vanadium grades ranging from 1.5% to 2.0%. All ore was located in the Morrision-Saltwash formation.
Eula Belle Uranium / Vanadium Project
The Eula Belle Uranium / Vanadium project consists of 52 claims located in Montrose County in Colorado , within the Uravan Mineral Belt.
The project area contains the Eula Belle-Bogus Uranium / Vanadium Mine which produced 1,485,550 pounds of U3O8 and 5,234,387 pounds of vanadium from 1961 to 1974. This property contains potential ore resources that will be brought up to NI 43-101 standards. Company management and Rimrock are currently in the process of collecting historical data from previous exploration programs conducted in the project area.
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MAP OF EULLA BELLE
King Uranium / Vanadium Project
The King Uranium / Vanadium project consists of 250 claims located in Montrose County in Colorado , within the Uravan Mineral Belt.
The project area is near the King Solomon Uranium / Vanadium mine that produced 3,172,420 pounds of U3O8 and 16,223,095 pounds of vanadium from 1974 to 1983. The King project also contains two large cluster drill areas containing 47 drill holes, with historical data from this zone being collected and verified by Rimrock and Company management. The Company believes that these two areas that hosted 25 and 22 drill holes respectively are areas of interest and plans to focus exploration on and near these zones.
Wild Steer Uranium / Vanadium Project
The Wild Steer Uranium / Vanadium project consists of 31 claims located in the Paradox Mining District, Montrose County in Colorado , within the Uravan Mineral Belt.
The project area includes two former producing mines; Wild Steer and Pluto which produced uranium and vanadium from 1959 to 1971. Average Uranium Grades from historical Production averages 0.15% with Vanadium grading 1.75% to 2.0%. The Company is currently reviewing documentation related to production figures for the mines located within the Wild Steer claims. Previous production was facilitated through ore cars on tracks and pneumatic tired wheelbarrows, which was done through manpower.
Gunslinger Uranium / Vanadium Project
The Gunslinger project consists of 41 uranium / vanadium claims consisting of 820 acres located in the Colorado Plateau district. These claims are located on Outlaw Mesa in Mesa County, Colorado. The claim area lies beneath Potato Mountain, which rises approximately 400 feet above the Mesa, and is surrounded on three sides by Department of Energy uranium land reserves. Atomic Energy Commission records show that various mines operated in the immediate area, including the G1 and G2 uranium / vanadium mines, which produced 165,397 tons averaging 0.25% U3O8 and 1.09% Vanadium from 1950 to 1960. These claims are also in close proximity to a number of historically producing mines in the Potato Mountain region previously operated by Vanadium Corporation of America, Worcester mines, and Union Carbide from 1948 to 1962, with historical production of 253,703 tons ranging from 0.22% U3O8 to 0.42% U3O8 and 1.43% to 1.80% Vanadium. All mines in the project area produced from surface to 250 feet below surface.
Tomcat Uranium / Vanadium Project
The Tomcat projects consists of 81 claims located on Wedding Bell Mountain on the Colorado Plateau area of the Uravan Mineral Belt. The Tomcat claims include a number of former producing mines including the Jackknife, Groundhog, and Bachelor mines. Other mines in the area include the Edna May, Rimrock, Rimrock #3, Babe Ruth, and Mexico mines, and a number of smaller mining operations. Previous exploration on the claims included drill programs at the Jackknife and Groundhog mines in the 1970's prior to the cessation of mining in the area. Grades reported from these historical drill programs indicate 0.16% to 0.25% U3O8, and averaging 1.25% Vanadium. Uranium mineralization in the Colorado Plateau is found in mineralized lenses, which were deposited in alluvial fans by braided streams. Current exploration techniques focus on the drilling of these lenses to further identify uranium resources. This area, being part of the Uravan Mineral Belt, has been a prolific producer of uranium since the early 1900's, with increased recent activity due to increased demand for uranium and a dramatic rise in the price of uranium. The Company is attempting to retrieve additional data from previous exploration programs for the planning of a future development program.
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Uravan Mineral Belt
The Uravan mineral belt was one of the world's most productive regions for uranium and vanadium in the 1950's, with all production ceased in 1984 due to low uranium prices. Since 1984 there have been short periods of resumed production due to increased vanadium prices, with no sustained activity until recently. With the increased price of uranium the region is being explored by a number of private and public companies, with a few mines currently in production. In addition to new mining in the area, a processing facility was recently recommissioned and may be accepting ore from regional mines.
Lonestar Claims, Outlaw Property, Mesa County, Colorado
The Lonestar claims contain two past producing mines with ventilation holes intact for each mine. On claims 65, 66, 71 and 72 there is a cluster drill out of 27 holes ranging from 200 to 350 feet deep. There is an additional cluster drill out on claims 59 and 65 with 10 holes at 500 to 600 feet deep. On claim 49 there is a Department of Energy (DOE) hole with four offset holes and on claim 69 there is another DOE hole drilled with no offset holes. The two DOE holes and one of the mines line up with the historical drill out on the Company's Gunslinger project and possibly indicate a trend or channel. In addition to the potential trend, the historical data and existing mines may indicate several trends running in a north easterly direction on Outlaw Mesa. The Company intends to complete all requirements necessary for the initiation of a drill program on this project in the coming weeks.
Gunfighter claims, Outlaw Property, Mesa County, Colorado
The Gunfighter claims border the DOE withdrawal tract on the north side. This tract, which contains the G2 shaft, was a major producer from the 1950's to the 1980's. Eight (8) mines lie in close proximity to the Gunfighter claim group, and consist of small and shallow deposits. The Company intends to complete drilling at a depth greater than 200 feet through its development partner. New Mexico Projects
O8 Uranium Project
The O8 project consists of 95 claims located in the Grants / Ambrosia Lake Uranium district.
This project consists of 1920 acres and is adjacent to a previous producing uranium mine for a major mining company. Production in this region was suspended in the 1980's due to low uranium prices, and has recently seen an increase in exploration and development activity as uranium prices appreciated.
Holley Uranium Project
The Holley project consists of 134 mineral claims located on La Jara Mesa in Cibola County in the Grants Mining District located near Grants, New Mexico. These claims, known as the Holley claims, consist of 3200 acres located in the San Mateo Mountains, and were previously owned by Homestake Mining Company. The property area is located within 4 miles of the Marquez Uranium mine, which produced 656,000 tons of ore at a grade of 0.26% uranium. A number of drill programs have taken place in the project area during 1967-71 (Homestake / UNC joint venture), 1974 (Gulf Mineral Resources), 1980-83 (Midas International) and 1983 (Homestake). In addition to the most recent drill program, Homestake also owned a processing facility which has subsequently been reclaimed by another party. Homestake completed extractive metallurgical and amenability tests at the nearby Homestake Mill (alkaline leach tests) and at the Kerr McGee Nuclear Corporation Mill (acid leach tests) located in the Grants District. These tests determined that the mineralization would readily leach with acid and recoveries averaging 90% were achieved. This area ceased mining in the late 1970's and early 1980's when the price of uranium dropped and production was not economic.
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MAP OF NEW MEXICO CLAIMS
Grants Uranium District / Ambrosia Lake Uranium District
The Grants Uranium District extends for almost one hundred miles in a band five to fifteen miles wide, with sandstone formations containing uranium mineralization. During periods of operation the Grants Uranium District was home to the largest producing uranium mine in the United States, which recovered one thousand tons of ore per day yielding four pounds per ton. The Ambrosia Lake region was highly active in uranium mining, having 15 head frames scattered over the region until the mid 1980's. Ambrosia Lake is also home to one of the largest uranium mine complexes in the United States, and it continues to extract uranium from groundwater that flows through the mineshafts under a regional valley. Several well known mining companies operated in the region during the peak of uranium activity.
New Mexico was a prominent area of uranium mining in its peak, with seven uranium mills operating in the Grants Uranium District. Numerous public and private companies operate in the region today, with two companies actively involved in permitting their properties for production. This region was the largest producer of uranium in the United States from 1952 to the mid 1980's, with documented past production of over 340 million pounds of U3O8 during this period.
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Uranium Mining and Exploration Activity in the Southwest United States
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