Okapi Resources gets to work defining Canadian uranium targets

Okapi Resources has started surface exploration at the Newnham Lake and Perch uranium projects to prioritise drill targets for testing in the Athabasca Basin Winter of 2023.

This program consists of prospecting, outcrop, and boulder sampling with potential soil and vegetation sampling to help identify favourable structural scenarios within Archean Basement rocks suitable for hosting uranium mineralisation.

Okapi Resources (ASX:OKR) will also use results from satellite analysis and compilation work received from Axiom Exploration Group to assist exploration efforts in specific areas of interest.

“We are excited about our maiden field exploration program in the Athabasca basin,” managing director Andrew Ferrier said.

“Our properties at Newnham Lake and Perch remain our highest priority, with historical drilling showing anomalous radioactivity within multiple drillholes, favourable lithologies and untested basement hosted potential at a relatively shallow depth.

“The field program is mainly helicopter supported and plenty of pre-planning work was required to allow us to commence our exploration program.”

Uranium exploration

The Newnham Lake and Perch straddle the northeastern margin of the Athabasca Basin, Canada, and consist of 15 mining claims covering close to 18,500ha each.

Initial exploration involved the analysis of recently completed satellite image data along with review and interpretation of all historical exploration work carried out on the two projects.

Surface exploration will focus on the relatively under-explored areas which make up the northeastern Priority 1 and Priority 2 areas at Newnham Lake and the areas north of the unconformity contact in exposed Archean rocks at Perch.

Newnham Lake hosts four areas of interest that are prospective for basement-hosted uranium mineralisation with Zone A focused on the historically recognised Karen Lake area, Zones B and C focused on testing east-west trending fault intersections that coincide with magnetic lows and local interpreted electromagnetic conductors, and Zone D which tests the northern extent of the Cyprian Fault.

Perch also hosts four major target areas with Zone A being focused on an area with high hydrothermal alteration and gossan while Zone B is focused on an area with multiple intersecting faults and elevated hydrothermal alteration.

Zone C is focused on local fault intersections with associated interpreted hydrothermal alteration and gossan while Zone D is centred on the Brink Fault.

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This article was developed in collaboration with Okapi 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.