Nunavik
COPPER-GOLD-REE
URANIUM
GOLD
Nunavik - Uranium
In 2005, Azimut used its exclusive and innovative method for processing geoscientific data to conduct a predictive assessment of the uranium potential for a 640,000-km2 area in northern Quebec. The results led to the discovery of a new uranium district in the Ungava Bay region (eastern Nunavik) and extensive prospective uranium trends in western and central Nunavik.
Azimut’s exploration model for uranium in Nunavik is large-tonnage disseminated mineralization in intrusions and surrounding rocks, amenable to open pit mining. A well-known example of this type is Rössing in Namibia, one of the world’s largest uranium mines. Proximal secondary concentrations along late- to post-intrusive brittle or ductile-brittle faults are also considered.
Ungava Bay: Discovery of a new uranium provinceThe Ungava Bay region of eastern Nunavik is emerging as Canada’s newest uranium district.
When Azimut started exploring this area in 2006, there were no known uranium showings. Today, there are several hundred mineralized occurrences, and Azimut maintains a dominant land position. AREVA—a global leader in nuclear energy and uranium production—also holds a very large land position in this area.
Azimut holds five uranium properties in an 80 x 220 km area of the Ungava Bay region: North Rae, Daniel Lake, Kangiq, Burrel Lake and South Rae.
The properties are only a short distance to port facilities on the Ungava Bay coast near deep sea water, and close to a permanent airport and other infrastructure.
Azimut controls more than 70 km of the highly prospective geological contact between Proterozoic metasedimentary rocks of the Lake Harbour Group and Archean granitized basement.
AREVA has conducted significant work on their neighbouring CAGE property (e.g., more than 10,000 m of drilling in 2009), and has reported the discovery of 14 mineralized zones with grades up to 9.34% U3O8, most of them hosted in metasedimentary rocks of the Lake Harbour Group.
Azimut’s mineral potential modelling generated major uranium targets in the under-explored west and central parts of Nunavik. The targets were defined mainly by lake-bottom sediment anomalies and corroborated by existing geophysical and geological data. Azimut currently owns seven (7) properties in this region: North Minto, South Minto, Central Minto, South Bienville, Kativik property, Hudson Bay, Vernot Lake.
These uranium properties share strong similarities with the footprints of several major uranium sites in Quebec, as well as the Central Mineral Belt in neighbouring Labrador: a well-known prospective region for uranium with resources of more than 50,000 t U3O8.
One of the known uranium deposits in this part of Quebec is the Dieter Lake deposit of Fission Energy Corp, 40 km east of the South Bienville property, with inferred resources of 11,000 tonnes U3O8 @ 0.063% U3O8 according to an estimate released in 2007.