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![]() Key Highlights
Location
History The adjacent Sinbad Uranium Mine was shut down in 1982. The ore was mined via a decline to a depth of approximately 220 feet below the surface. The total reported resource remaining in five zones is in the range of 300,000 pounds of U3O8, including intercepts of 7 feet grading 0.267% eU3O8.Historic drilling shows that the uranium mineralization continues along trend onto Target's claims, where the zone remains open for expansion. Geology The uranium mineralization is in a sandstone hosted unconformity, geologically similar to that of the prolific uranium deposits in the Athabasca Basin in Saskatchewan. Two features suggest there is exploration potential for previously unrecognized unconformity-type uranium deposits:
Target has completed geological mapping and a radon gas survey over the property. This work delineated several drill targets and a 15 hole, 3,300 foot drill program was completed in the fall of 2007. The drill program tested the projected extension of the Chinle Formation mineralized channels north-westward from the historic Sinbad Uranium Mine. The program also tested several radon anomalies identified in a recent radon gas soil survey.
Proposed Drill Hole Map High grade uranium was intercepted in multiple horizons as shown in the following drill highlights:
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