Kirrin Resources has finished an electromagnetic geophysical study of a1,531 line-km conducted via helicopter that was time-bound.
The survey was conducted at the Key Lake Southwest (Key Lake SW) uranium property, which is situated on the south-east border of the Athabasca Basin in Canada. Versatile Time-Domain Electromagnetic (VTEM-plus), a geophysical model from Geotech has been used for this survey.
The company has chosen Savaria Geophysics of Ontario to carry out incorporation of the previous Fugro airborne Tempest-magnetic survey that reached completion in early 2010 and interpreted the data obtained. Savaria is expecting to file the report by June end and later Kirrin will start the summer fieldwork program in order to finalize the selection of the drill locations.
The Athabasca Basin’s eastern fringe is one of the most abundant uranium mines and accounts for approximately 25% of the global uranium production from this region. The target area of Kirrin is the non-conforming-basement-hosted type uranium deposits at Key Lake SW.
These deposits are analogous to the Phoenix discovery sited around 60 km northeast, the former Key Lake mine that is placed approximately 35 km east-northeast and basement-hosted the Millennium deposit of Cameco, which is situated approximately 50 km northeast.
Source: http://www.kirrinresources.com/