Business
Glenmark to Commence Field Program over Ford Lake Zone
(via Thenewswire.ca) Vancouver, B.C. / TNW-ACCESSWIRE / July 16, 2014 / Glenmark Capit...
About this update from Kiplin Metals Inc.
[{"type":"text","content":"Glenmark to Commence Field Program over Ford Lake Zone(via Thenewswire.ca)\n\n \nVancouver, B.C. / TNW-ACCESSWIRE / July 16, 2014 / Glenmark Capital Corp. (TSX.V: GLM) (\"Glenmark\" or \"the Company\" ) is pleased to announce that it intends to initiate a fall field program at its Ford Lake Project, northeastern Saskatchewan. In addition to prospecting and surface sampling, Glenmark will implement a ground IP/resistivity survey to further refine and prioritize diamond drill targets at the Ford Lake Zone, a conductive subsurface anomaly which lies within the larger northeast trending Brown Lake Fault. The overarching purpose of the survey is to further evaluate the potential of the Ford Lake Zone to host a uranium deposit. The resistivity survey is to consist of 26km of lines with a spacing of 100m, oriented 90 degrees to the strike of the Ford Lake Zone and faulting. The proposed survey is subject to financing.\n\n\n \n \n\n\nClick Image To View Full Size\n\n\n\n \n \nRDI and MAG3D sections from the 2011 VTEM PLUS (airborne magnetic/EM) survey flown by Arcturus Ventures Inc. first identified the Ford Lake Zone. The zone is ~ 1500m long by 500m wide and is a clear resistivity low (a conductive halo) lying within a large scale fault running NNE across the zone. It is surmised that the resistivity lows may correspond to illite clay alterations above the unconformity. \n\n\n \nThe target was enhanced when diamond drilling by Union Carbide ~ 3km northeast of the Ford Lake Zone (and on the same fault) encountered positive results for uranium deposition. The Shift Lake Uranium Zone, which lies just outside the northeast border of Glenmark's project area, was discovered by drilling a subsurface conductive anomaly. Multiple drill holes at Shift Lake tested positive for uranium; the highest reported value was 0.62% U over 2.75m in hole 79-17. Uranium was associated with areas of massive hydrothermal alteration at and beneath the unconformity. \n\n \n \nMethodology\n\n\n \nUranium deposits in the Athabasca Basin are the result of prolonged effects of hydrothermal alteration which is often related to structural features, such as faults. The proposed DC resistivity survey will test the high resistivity sandstone layers for areas of low resistivity, which may be evidence of the alteration of feldspars to clay minerals. Such alterations are co...