| Risk and valuation analysis of the Mustang Lake Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Mustang Lake Project |
 | Mega Uranium Ltd.
Owner: 66% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Virginia Energy Resources Inc.
Interest: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Santoy has the right to earn a 50% interest in the Bruce River and Mustang Lake properties by incurring an aggregate of CDN$600,000 of exploration and development expenditures on the properties, over two years with a minimum of CDN$300,000 to be expe more... |
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| Location of the Mustang Lake Project |
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The Mustang Lake property is located 8 km northeast of the Michelin uranium deposit.
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| History of the Mustang Lake Project |
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The Mustang Lake property features four glacially dispersed uranium-bearing boulder trains known as the Irving, South Prospect, Mustang South and Mustang Lake East Zones. Three of these boulder trains were originally defined and sampled by Brinex in the 1970's.
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| Geology of the Mustang Lake Project |
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Field work by the JV in 2006 shed light on the structural controls to mineralization with the interpretation that mineralization at Mustang Lake plunges to the southwest. This is very similar to the situation at the nearby Michelin deposit, where the orebody has a southwest plunge and has an increase in grade with depth, located within a major deformation zone.
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