|
The Star Lake property lies in the James Bay region of Quebec, 120 km southeast of Radisson. The property consists of 217 contiguous map-designated claims covering a total area of 112.15 km2. It is wholly-owned by NQ Exploration Inc. The property is part of the Opinaca metasedimentary sub-province of the Superior geological province. The region is dominated by the biotite migmatites and Archean biotite paragneiss (metamorphosed sediments) of the Laguiche Group. Small granitic inclusions are seen in the paragneiss. The property lies 50 km north of Goldcorp Inc.’s Eleonore project, which contains an NI 43-101 indicated resource of 1.83 million ounces of gold hosted within the Laguiche Group. Regional exploration work included a lake-bottom sediment survey by Societe de developpement de la Baie-James (SDBJ) and an airborne radiometric survey and intensive prospecting for uranium by the SES consortium in the 1970s on the Star Lake property. SES discovered the Marjolet uranium showing in a pegmatite in the center-south of the property, which returned values of 0.18% U3O8 and 0.072% ThO2. The lake-bottom sediments also returned numerous significant gold values. From 2005 to 2007, Everton Resources Inc. conducted a lake sediment sampling survey (151 samples), two successive till sampling surveys (203 samples) and two prospecting programs (173 rock samples). This work confirmed the uranium potential in the centre of the property and returned a few relatively-weak gold signals. The best gold value was 242 and 171 ppb Au in the heavy fraction of a sample from the last till survey. A paragneiss outcrop also proved to be anomalous in copper, returning a value of 5% Cu. In the summer of 2008, NQ Exploration Inc. carried out its first exploration program on the property, consisting of prospecting and geological reconnaissance followed by a helicopter-borne MAG-radiometry survey. The purpose of this work was to find the source of the uranium anomalies identified by earlier lake and till sediment surveys. The work outlined five uranium-bearing leucocratic pegmatite fields ranging from 500 to 3,000 metres long and 200 to 400 metres wide, over a 10-km stretch of land. The old Marjolet showing was also located and resampled. The pegmatites are radioactive, and are characterized by readings of 1,000 to 17,000 counts per second (Radiation Solution RS-120). In all, 96 samples were collected and analyzed for economic minerals, including uranium and thorium. The best assay results were obtained on the Marjolet showing, where one sample returned 0.09% U and another returned uranium and thorium values of 0.12% U and 0.12% Th. An airborne MAG-radiometry survey conducted in October 2008 confirmed the presence of several large radiometry anomalies. In the interpretation report, three of the 11 anomalies selected are considered as top-priority uranium exploration targets. The identification on the ground of numerous leucocratic uranium-bearing pegmatites associated with these anomalies indicates a metallogenic context similar to that of the Rossing mine in Namibia. Furthermore, the 2008 discovery of a major fault running across the property could indicate a major discontinuity-type environment like that of the Athabaska and Otish Mountain basins. The Star Lake property has all the elements (large geochemical and radiometry anomalies, numerous mineralized zones) to show excellent potential for the discovery of a uranium deposit in a favourable geological setting in an unexplored area of the Opinaca metasedimentary basin. |