| Risk and valuation analysis of the THELON PROJECT (South Baker) |
| Status Risk : Green exploration |
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| Location of the THELON PROJECT (South Baker) |
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The project covers seven uranium properties with potential high grade uranium mineralization similar to the "unconformity type" deposits being mined in the Athabasca area of Saskatchewan and the Kombolgiie area ofAustralia.
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| History of the THELON PROJECT (South Baker) |
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Exploration in the 1970s and 1980s led to the discovery of Kiggavik, Andrew Lake and End Grid deposits by Urangesellschaft. Total resources for the combined deposits are estimated at 148 million pounds U3O8. Present owner AREVA is assessing the viability of the project. Future plans may include a state-of-the-art mill and mining operations located 80 km west of Baker Lake.
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