Mineralization on the property is hosted by pegmatites, coarse grained granites, garnetiferous biotite schist and smoky grey quartz veins. Many of the surface occurrences have significant uranium alteration minerals (uranophane) associated with them.
Drill Summary
Pipewrench North
total of 1,545.4 meters of diamond drilling in nine diamond drill holes
results indicated that the trend of the mineralization is oriented approximately az. 220° within a topographic low.
mineralization is hosted within a sequence of pegmatites and pelitic gneisses
Narrows Lake
a total of 530.1 meters of diamond drilling in three diamond drill holes
results included 18 meters of 0.020% u3o8 and 21.9 meters of 0.016% u3o8
Portage Zone
total of 520.5 meters of diamond drilling in four diamond drill holes (including 12.7 meters of 0.142% u3o8)
this drilling targeted uranium mineralization encountered in surface channel sampling in 2007
Joint Venture Option with Bonaventure Enterprises Inc.
In the fall of 2008, Uracan Resources completed a reconnaissance exploration project as part of its commitment to the option agreement with Bonaventure Enterprises Inc. The area in question surrounds Uracan's Pipewrench Lake property and is comprised of 115 claims over 4,755.1 square kilometers. Results of the fall sampling program are pending.