Business
Medaro Mining Completes an Airborne Geophysical Survey at Yurchison Uranium Property in Athabasca Basin, Saskatchewan
VANCOUVER, British Columbia, April 04, 2022 (GLOBE NEWSWIRE) -- Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-fac
About this update from Medaro Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 04, 2022 (GLOBE NEWSWIRE) -- Medaro Mining Corp. (CSE: MEDA) (OTC: MEDAF) (FWB: 1ZY) (“Medaro” or the “Company”), a multi-faceted mineral explorer and joint venture (JV) partner with Global Lithium Extraction Technologies Inc., is pleased to announce that it has completed an airborne geophysical survey at its Yurchison Uranium Property in Athabasca Basin, Northern Saskatchewan. The Company contracted Geodata Solutions GDS Inc. of Laval, Quebec to complete a high-resolution helicopter-borne magnetic survey on mining claim MC00011054 of the Yurchison Property. A total of 1,424 line kilometers of survey was completed at 50 m line spacing using an AS 350 BA + helicopter (see Table 1 below for details). The mining claim MC00011054 is located in the middle of the Yurchison Property. A Helicopter Versatile Time Domain ElectroMagnetic (VTEM) geophysics survey was flown by Geotech Ltd. on behalf of JNR Resources on the Yurchison Property in October 2006 and identified ten Zones of Interest based on the electromagnetic (EM) conductors and the total field magnetic response (Figure 1) (assessment report 74H08-0041). Zones of Interest are areas with potential to host uranium mineralization based on their geophysical signature. This historic survey was flown at 200 m line spacing, so Medaro decided to fly the current survey at 50 m line spacing to obtain more detailed resolution on the anomalies. The EM conductors, shown as red dotted lines on Figure 1, are along a SW-NE trend parallel to the rock unit boundaries and a major fault (Needle Falls Shear Zone). The magnetic geophysics survey will provide structural information especially the location of the N-S trending Tabbernor faults (black dashed lines on Figure 1). The intersection of the major fault and the Tabbernor faults and the graphitic metasedimentary rocks are exploration targets for uranium mineralization. The Zones of Interest also correspond to the contact between two different rock units (Figure 1). The 2006 VTEM survey was followed up with a 2008 drill program by JNR Resources with drill highlights on claim MC00011054 including (Figure 1) (assessment report 64E05-0034): 82 ppm U from 11.5-12.5 m (1.0 m interval) in drill hole YL-08-111 in granitic pegmatite 240 ppm U, 3750 ppm Mo from 22.5-23.0 m (0.5 m interval) in drill hole YL-08-112 in gra...