The Shadow Project is 100% owned by Baselode Energy with no underlying royalties. The property encompasses ~42,000 hectares along the Virgin River Shear Zone adjacent to the Athabasca Basin.
Shadow exhibits all similar structural and geophysical features recognized amongst the “Best-of-the-Best class” of Athabasca high-grade uranium deposits, such as the McArthur River and Arrow deposits. These structural system features include;
- A structure along the preferred geological fabric (i.e., following NE-SW orientations)
- Large enough to have undergone structural re-activation over hundreds of millions of years, such as the Virgin River Shear Zone (“VRSZ”), one of the most prominent structural corridors in northern Saskatchewan
- A deep-rooted system which allows for more fluid migration (uranium is highly mobile under the proper fluid conditions)
- Preferred NW-SE oriented structural traps and/or structural influence
- The correct location along a structural system; not where it pinches (too constricting), but rather where the rocks open up and dilate. Dilation = porosity, which increases fluid migration, and more fluids carrying uranium means more chances for uranium deposit formation
Virgin River Shear Zone – Excellent Host for an ‘Athabasca 2.0’ Deposit
The Virgin River Shear Zone is an excellent host for Basement-hosted deposits. Such deposit types require deep structures–the Virgin River Shear Zone hosts a massive structure, with geological similarities to the Uranium City area, Eagle Point system and the Arrow system.
Natural Uranium Enrichment in Basement Rocks
The basement rocks within the VRSZ area are naturally enriched with uranium compared with the basement rocks of the Western Wollaston domain, a regional trend that includes the McArthur River deposit and hosts over 2 billion lbs. U3O8. For example, the rocks of the VRSZ area are ~3x more concentrated than those of the Western Wollaston domain; 15.1 to 18.1 ppm uranium vs. 3.2 to 6.0 ppm uranium background concentrations.
Airborne Radiometric Image of the Shadow Deposit
A >10 km-long airborne radiometric anomaly has been recognized on the Property. This feature correlates well with a specific lithological unit immediately adjacent to the VRSZ. Possible explanations for the radiometric anomaly include;
- a large boulder field,
- a significant amount of bedrock exposures which contain elevated background concentrations of uranium,
- or possibly even high-grade uranium veins.
Airborne Gravity Survey with Northwest Structures
To expedite the project and reach a drill-ready state by the end of the year, Baselode is;
- compiling historic assessment work,
- continuing to refine the geophysical structural interpretations,
- planning to fly a modern detailed airborne magnetic-EM-radiometric geophysical survey, and
- planning to visit the Property this Summer (2020) to explore the radiometric anomalies and learn the geology of the area.
Baselode’s Athabasca 2.0 strategy is unrivaled and we’re ready to make the next big discovery!
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1805 – 55 University Avenue
Toronto, Canada M5J 2H7