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McArthur EastPurepoint’s newly staked McArthur East property adjoins Cameco’s McArthur River Project, which contains the world's largest high-grade uranium deposit, and is situated due south of the Cigar Lake Mine. The property is 1,985 hectares in size and is 100% owned. It is underlain by a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization. Depth to the unconformity is estimated at a relatively shallow 200 metres.
A structural interpretation, based on regional aeromagnetic signatures, indicates the property is bounded by two strong north-south trending faults while a detailed aeromagnetic survey suggests the property has a high degree of structural complexity. Areas interpreted to be underlain by crosscutting structures will be targeted as they are ideally suited to host a typicalAthabascaBasinunconformity uranium deposit. Thursday September 29, 2011 |