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.