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Inspiration Energy Acquires Bentley Uranium Property in Athabasca Basin, Saskatchewan
Vancouver, British Columbia – TheNewswire - March 14, 2024: Inspiration Energy Corp. (the "Company" or "Inspiration ") (CSE: ISP) is pleased to announce that it
About this update from Inspiration Mining Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - March 14, 2024: Inspiration Energy Corp. (the \"Company\" or \"Inspiration \") (CSE: ISP) is pleased to announce that it has acquired the Bentley Uranium Property (the “Property” or “Bentley”) which consists of four mineral licenses encompassing a cumulative land area of ~5,710ha (57km2), located in the prolific Athabasca Basin of Saskatchewan, Canada. Highlights Two Uranium bearing boulders found historically on the Property returned assays of 0.72% and 0.11% U(Figures 1 2). Located in the Athabasca Basin ~75 kilometers North-East of Cameco’s Rabbit Lake mine which was in production for over 41 years and produced more than 203Mlbs of Uranium since 1975 Geologically, Bentley sits on a potentially parallel structure to the Collins Bay Conductive trend that hosts the Rabbit Lake, Collins Bay and Eagle Point deposits (Figure 1). The Property has had a multitude of exploration already completed by previous owners including airborne magnetic, electromagnetic, radiometric surveys, geological mapping, reconnaissance and scintillometer readings. The source of the uranium bearing boulders has yet to be found. The ice direction of the area is southwest (Figure 1) indicating that exploration should be focused more on northeastern part of the property. Bentley has the potential to host vein, breccia and unconformity type Uranium systems similar to that of producing mines south of the area. Inspiration has begun a desktop study in order to formulate sound geological targets with the intent to ground truth Bentley in the 2024 field season. “The Bentley Property marks Inspiration’s first move into Canada’s prolific Athabasca Basin,” stated Inspiration President and CEO Charles Desjardins. “After optioning the Maraschino Uranium properties in the Thelon Basin, we decided to further expand to increase our Uranium optionality. Uranium spot prices have increased substantially over the past 12 months and as we move towards a “greener future” globally, we expect the demand for nuclear power to continue to increase. Inspiration will continue to build its portfolio in the efforts to uncover new viable Uranium prospects in one of the most prolific Uranium basins in the world.” Figure 1- Regional map showing the major uranium projects of the eastern Athabasca Basin an...