| Samit Project |
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Mali
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Status |
GREEN EXPLORATION
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Legends
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| Risk and valuation analysis of the Samit Project |
| Status Risk : Green exploration |
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| Title(s) of the Samit Project |
 | Bayswater Uranium Corp.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the Samit Project |
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The Samit deposit is located in the Tilemsi Basin of northeastern Mali, immediately west of the uranium producing Tim Mersoi Basin in neighbouring Niger. It consists of an Establishment Agreement covering 1000 square kilometres which provides Bayswater exclusive rights to explore for and mine uranium for a term of 30 years.
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| History of the Samit Project |
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The land was previously explored between 1974 and 1981 by Japan's Power Reactor & Nuclear Fuel Development Corporation (PNC). This program consisted of the drilling of over 400 holes at six prospective areas with the result of outlining a historic resource estimate of approximately 440,000 pounds U3O8 grading 0.085%.
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| Geology of the Samit Project |
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PNC's exploration program identified a limestone plateau containing a 20 km x 20 km concentration of uranium-bearing apacrete occurrences. These occurrences are hosted in Cretaceous to Paleogene age marine sedimentary rocks that like along the south flank of the Adrar de Iforas Massif which is similar in age and composition to the Air Massif in Niger.
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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