FIN’s Ross project will now be assessed for the possibility of uranium mineralisation. Pic via Getty Images
Is that uranium? Fin Resources makes a surprise find at the Ross project in Quebec
Mining
share
- Historical work completed in 2007 on FIN’s Ross project identified highly anomalous uranium in soil sampling up to 1,486 ppm U308
- Further analysis completed by Dr Neil Pendock found a significant number of potential uranium occurrences
- FIN now plans to complete high resolution airborne magnetic and radiometric surveys across the site
Special Report: A review of historical work carried out on the Ross project in Quebec has identified highly anomalous uranium in soil sampling up to 1,486ppm U3O8 associated with low thorium.
This historical data, collected in 2007 by Landmark Minerals Inc with further analysis completed by Dr Neil Pendock, has identified a significant number of potential uranium occurrences across the project, currently held by Fin Resources (ASX:FIN).
In amongst the historical data was a soil sample of up to 1,260ppm uranium (or 1,486ppm U3O8).
Landmark Minerals held 100% interest in 76 mineral claims on four separate blocks in the Rupert River area of west-central Quebec at the time.
The southern portion of their eastern block, which was named Adrian, covered the location now part of the Ross project.
Exploration planned for spring/summer field season
FIN originally tasked Dr Pendock with analysing the historical data for LCT pegmatites, during this process he also identified a significant number of potential uranium occurrences across the Ross project area.
Gas estimated from Sentinel-2 VNIR showed anomalous helium which may originate from radioactive decay of uranium.
Combined with anomalous pathfinder elements including Total Rare Earth Oxides (TREO) and thorium levels in pegmatite samples 138203, 138204 and 138227 previously reported, FIN believes there’s potential for uranium-thorium-rare earth element bearing pegmatites that show geochemical overlap with LCT (Lithium- Caesium-Tantalum) pegmatites.
FIN now plans to complete high-resolution airborne magnetic and radiometric surveys across the Ross and Cancet West projects during the spring/summer 2024 field season.
Drilling to begin shortly at White Bear
Meanwhile, the company is gearing up for a maiden diamond drilling program over at White Bear, which is part of the 79km2 Cancet West project in Quebec.
White Bear is just ~45km from Winsome Resources’ (WR1:ASX) Cancet and 100km from Patriot Battery Metals’ (PMT:ASX) huge Corvette lithium deposits.
Following the initial discovery of outcrop at White Bear in November last year, the first 1,500m out of a planned 5,000m diamond drilling program is set to begin this quarter, testing the coarse spodumene-bearing lithium mineralised zone across five pegmatite outcrops.
Rock chip samples at the 138181 pegmatite at White Bear showed 6.5% Li2O with caesium of 293ppm and a K/Rb ratio of 35.43%.
At an additional pegmatite rock chip sample 138182 on the same outcrop, 6.85% Li2O and 513.9ppm caesium with a K/Rb ratio of 26.09% was identified.
This article was developed in collaboration with Fin Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
