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The Morand property lies in the James Bay region of Quebec, about 72 km west of Radisson and immediately north of the La Grande river. The property consists of 177 contiguous map-designated claims covering a total area of 89.91 km2. It is wholly-owned by NQ Exploration Inc. and is subject to a 2% NSR royalty. The geology of the property is characterized by rocks belonging to the La Grande subprovince of the Superior geological province. The lithologies identified consist mainly of granite cut by pegmatite dikes. The regional lake-bottom sediment geochemical survey conducted by Societe de developpement de la Baie-James (SDBJ) in the 1970s identified areas anomalous in uranium, thorium and gold. Prospecting programs led to the discovery of eight uranium, uranium-thorium and gold showings. The best results were generated by a grab sample taken on a pegmatite that returned values of 5.9% U3O8, 5.2% Cb2O5 and 0.45% ThO2. Numerous uranium-bearing pegmatites were identified, but their potential was not confirmed, despite a series of six holes drilled by SDBJ in 1980. No holes were drilled to test the extension of the pegmatites. A geochemical survey consisting of 70 lake-bottom sediment samples was carried out in 2007. The preliminary interpretation once again indicated uranium, thorium and gold anomalies. In 2008, NQ Exploration conducted its first exploration program, which consisted of prospecting and geological reconnaissance followed by a helicopter-borne magnetic-radiometry survey. In July 2008, two days of prospecting resulted in the location, re-sampling and evaluation of all the uranium and thorium showings discovered in the early 1980s. A total of 22 samples were collected and analyzed for economic minerals, including uranium and thorium. The uranium-thorium showings are associated with metric-sized leucocratic pegmatite dikes characterized by radioactivity readings of 1,000 to 6,000 counts per second (Radiation Solution RS-120). The uranium-bearing pegmatite field measures at least 2 x 3 km. The best analysis result was from the centre of the property, where a grab sample returned values of 0.13% U and 490 ppm Th. The airborne geophysical survey was carried out in October 2008 and revealed the presence of several fair-sized radiometry anomalies. The interpretation report indicates that three high-priority gold targets and five high-priority uranium targets were identified and warrant follow-up. These all lie at the centre of the property at the site of the uranium-bearing pegmatites, which show certain similarities with the alaskite dikes of the Rossing uranium camp in Namibia.
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