       |
Uranium
Overview - UraniumQuebec Uranium Projects: Anglo Canadian has two uranium projects in Eastern Quebec, Canada. The Quebec Uranium projects are located in the Otish Basin and have NI 43-101 technical reports completed The Big Mac and Charles Projects are located near the Cogema/Soquim L-Zone project which contains a 5 million pounds U3O8 resource. A total of 8 targets have been identified on the Company's projects for follow-up ... more Colorado Uranium Projects: Anglo Canadian also has a portfolio of uranium projects in the Four Corners region of the United States which has a lengthy mining history. These well defined projects are in the Uravan mineral belt located in the Colorado Plateau. With the increased price of uranium this region is being explored by a number of private and public companies. The Company has joined a strategic consortium for the development of a new Colorado Uranium production and mill facility to compliment current production from the region ... more Uravan Mineral Belt The Uravan mineral belt in the Colorado Plateau has a lengthy mining history, with the first ore shipment made to France in 1898. World War II brought increased attention to the uranium ores in the Uravan area. During WWII, Uravan provided part of the uranium needed by the Manhattan Project for the first atomic bomb. Because of wartime secrecy the Manhattan Project would only publicly admit to purchasing the vanadium, and did not pay the uranium miners for the uranium ore (in a later lawsuit, many miners were able to reclaim lost profits from the U.S. government). By the 1950's this district was one of the world's foremost producers of both uranium and vanadium. Throughout the 30 years of mining history at the Uravan Belt (1948 Ð 1978), over 63 million pounds of uranium and 330 million pounds of Vanadium have been produced which was contributed to by more than 1,200 individual mines. Production continued uninterrupted until 1984 when low uranium prices forced the closure of all operations. Production resumed in 1987 with short periods of resumed production due to increased vanadium prices, but with no sustained activity until recently. The majority of the uranium-vanadium deposits in this region are hosted in the upper Jurassic Salt Wash Member of the Morrison Formation and the Triassic Moss Back Member of the Chinle Formation. All three properties are located in lithologically favorable zones of the Salt Wash Member. | |||
Quebec ProjectsQuebec Projects 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.
| |||
Colorado ProjectsColorado Projects 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. 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.  Click to enlarge 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. 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.  Click to enlarge Click to MAP OF COLORADO CLAIMS | |||
