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Purepoint acquired the northern portion of this very large property by permit in 2004 following its examination of older assessment and government survey data. This part of the Basin has been the subject of only very limited exploration efforts over the last 50 years. Purepoint’s examination of the assessment and government data led it to believe that the William River area hosted an intriguing structural setting conducive to uranium deposition. The original William River claims are located less than 10 kilometres east of the Carswell Structure, which hosts the Cluff Lake mine.
Following closer interpretation of available data and its early work on the northern portion of this property, in early 2006 Purepoint staked the entire southern portion of the William River region increasing the project to 25 claims covering 137,236 hectares. Subsequent airborne surveys resulted in a refinement of the property to 2 prospective projects (William North & William South) now made up of 11 claims across 52,372 hectares.
The Clearwater fault is a major fault structure that transects the length of the William River property. The fault is considered to be a long-lived structure that has undergone repeated activation, and is interpreted as terminating near the northern edge of the William River region. Long-term movement along this fault would have created favourable structures for trapping uranium-rich fluids along its length, particularly at its point of termination on the northern portion of the property.
The South-West corner of the original William River claim group ties onto the COGEMA/UEX James Creek JV Project, a project which covers significant basement conductors detected by airborne geophysical (MEGATEM) surveys. COGEMA and UEX have encountered significant mineralization west of James Creek at the Shea Creek Project, including a high-grade intersection of 27.4% U3O8 over 8.8 metres in the Kianna Deposit area. |
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