Business
North Shore Uranium Commences Falcon Property Drill Program
VANCOUVER, BC / ACCESSWIRE / March 8, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore ...
About this update from North Shore Uranium Ltd
[{"type":"text","content":"North Shore Uranium Commences Falcon Property Drill ProgramVANCOUVER, BC / ACCESSWIRE / March 8, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (\"North Shore\" or the \"Company\") is pleased to announce that it has mobilized and commenced its drill program at its 55,699 hectare Falcon Property (\"Falcon\" or the \"Property\") located at the eastern margin of the Athabasca Basin in northern Saskatchewan. The Company is planning to drill three targets associated with electromagnetic (\"EM\") conductors. Information pertaining to the drill program and a summary of the Property were provided by the Company on February 28, 2024 and December 19, 2023.The drill program is being managed by TerraLogic Exploration Inc. The final three targets selected for drilling, which lie along a strong, dominantly northeast-trending EM conductor system, are shown in Figure 1. For each target, a subsurface geophysical model of the EM conductor has been prepared and a hole, which is drilled at an angle, has been designed to intersect the conductor. The program is expected to last approximately ten days with final sample results expected approximately four weeks after the end of the program. Figure 1: Electromagnetics with 2024 drill targets P03, P08 and P12. Processing by Condor North Consulting ULC using 2006 and 2007 airborne data.Falcon Property Background InformationFalcon is a highly prospective uranium exploration property with a limited exploration history at the eastern margin of the Athabasca Basin in an area that is seeing increased exploration activity and recent discoveries.Reinterpretation of EM data complemented by geophysical data acquired in 2022 has allowed the Company to identify high priority uranium targets in areas where there has been no previous drilling. The Property is located approximately 35 kilometres east of the active Key Lake uranium mill and former mine. The new uranium discovery potential at Falcon is significant including shallow Athabasca-style basement-hosted mineralization and pegmatite-hosted mineralization similar to that discovered at the Fraser Lakes Zone B uranium resource located just three kilometres south of the Property.Falcon consists of 15 mineral claims; four of the claims comprising 12,791 hectares are 100 percent-owned by the Company and the remaining 11 claims totaling 42,908 hectares are subject to an op...