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Canadian International Minerals Inc. (CIN-TSX.V) retains 100% interest in Patterson Lake Uranium Camp properties.
(via Thenewswire.ca) Canadian International Minerals Inc. (CIN-TSX.V, the "Company") announ...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Canadian International Minerals Inc. (CIN-TSX.V) retains 100% interest in Patterson Lake Uranium Camp properties.(via Thenewswire.ca)\n \n \nCanadian International Minerals Inc. (CIN-TSX.V, the \"Company\") announces that it has been notified by Rio Grande Mining Corp. that it will not be exercising an option agreement on the Company's Patterson Lake property as announced in a news release dated September 25, 2013. CIN retains 100% of the Property which comprises two claim groups: Britts Lake East and Firebag East/Descharme, totalling 15 claims covering an area of 18,041 hectares located on a south west trend approximately 35 km south-southwest of the Patterson Lake South uranium discovery.\n\n \n \nThe claims were staked by CIN for their proximity to the PLS discovery and for the interpreted favourable geology for the occurrence of PLS style uranium mineralization. \n\n\n \nSalient points on the Property:\n\n\n \n-Several significant magnetic low structures (first derivative) that originate in the Patterson Lake discovery area continue onto the CIN claims (GSC Open File 5675).\n\n\n \n-Geological mapping of the CIN claims indicates the area of interest as lying within Lower Cretaceous McMurray Formation (\"MF\", Manville on earlier maps) sedimentary cover. Though younger than the interpreted Devonian (Elk Point Formation?) capping cover at the PLS discovery, it is believed that the overlying MF thinly veils the Devonian. These sediments protected the basement from contact with glaciation, thus preserving a favorable environment for an unconformity uranium deposit (GSC Map 12-G, 2006).\n\n\n \n-Proximity to the Clearwater Domain (\"CD\", not to be confused with the Clearwater Sedimentary formation), a major intrusive system in the Rae geologic province, which does not outcrop but has a distinct magnetic and gravity signature (Card, C.D., 2001, SGS). The CD has been postulated as the heat source of uranium deposits in western Saskatchewan (Darnley, A.G., GSC 1981).\n\n\n \n-The Property covers several topographic features, including lake chains and watercourses, that strike south west from the PLS discovery area. These suggest possible structural and geological targets that may be tested by cost effective methods such as lake sediment and radon sampling.\n\n \n \nAn interactive map detailing the current claim locations can be vie...