HUDSON BAY

Uranium property in Nunavik

The Hudson Bay property is one of Azimut’s 100% owned uranium properties in west Nunavik, northern Quebec. It comprises 132 claims for a total surface area of 62.3 km².

The property was identified during Azimut’s regional-scale uranium potential modelling over most of Quebec and Labrador. It was defined mainly by lake-bottom sediment anomalies and corroborated by existing geophysical and geological data. The Nunavik region has seen little uranium exploration in the past, but there are strong indications it has significant potential.

Exploration results

A one-month prospecting program in the summer of 2008 assessed target areas that had been previously defined by anomalous uranium values (up to 1,950 ppm) in lake-bottom sediments and helicopter-borne geophysics.

In all, 94 samples were collected from outcrops and returned assays up to 3.01% U₃O₈ (66.3 lbs/t), as well as 3 boulder samples with assays up to 0.027% U₃O₈.

The mineralized samples correlate well with the kilometre-scale helicopter-borne radiometric target areas and lake-bottom sediments results, and validate the uranium exploration potential of the property.

Uranophane (a secondary uranium mineral), hematite and magnetite were observed at the mineralized outcrops. Scintillometer readings from mineralized outcrops showing values above 0.1% U₃O₈ range from 1,500 to 40,000 cps. Mineralization with the highest U/Th ratios is hosted mostly in pegmatite and granite. Elevated Pb values (from 390 to >5,000 ppm) and Ag values (up to 65 g/t) are associated with the high uranium and low thorium samples.

Many areas of the property remain unexplored.

Relevant Press Releases

December 18, 2008
Azimut and Silver Spruce report positive results at Hudson Bay, Quebec, with grades up to 3.01% U₃O₈

April 22, 2008
Azimut and Silver Spruce identify uranium targets on the Hudson Bay property in northern Quebec