Mont-Laurier
Overview
The Mont-Laurier Uranium Property totals 2,353 ha is located approximately 40 kilometres northeast of the town of Mont-Laurier in the Laurentides region of Quebec. The property is easily accessible via the Pérodeau road, which bisects the property and follows the east side of the Lièvre river. The Pérodeau road is paved for 6.6 kilometres up to the western limit of the claim block and then turns into a well-maintained gravel road.
Regional History
The Mont-Laurier project lies within the Cabonga — Mont-Laurier radioactive district of the Grenville Geological Province. Exploration activity in the district was sparked by the discovery of uranium mineralization by Canadian Johns-Manville in 1967, with subsequent exploration outlining several gently-dipping stratiform zones of low-grade uranium mineralization and numerous isolated showings. The uraniferous horizons (■) occur at the base of a metamorphosed sedimentary sequence of Proterozoic age. Several notable zones (●) with estimated tonnages (pre-NI 43-101) have been outlined:
Allied Mining1:
- Zone 1 (8.37 Mt @ 0.021% U3O8)
- Zone 2 (2.61 Mt @ 0.019% U3O8)
- Zone 3 (2.34 Mt @ 0.014% U3O8)
Canadian Johns-Manville2:
- Meekos (0.52 Mt @ 0.054% U3O8)
Mont Laurier Uranium Mines3:
- Tom Dick (2.50 Mt @ 0.040% U3O8)
- Tom Dick Nord (0.30 Mt @ 0.027% U3O8)
All of the historic estimates are relevant as they attest to the potential of the Mont Laurier area and are assumed to be reliable as they were completed to the standards of the day. All of the above the historic estimates would be considered inferred resource under NI43-101. In all cases, verification of the historic drilling by twinning a series of holes would be require to verify each of the historic resource estimates. A Qualified Person has not done sufficient work to classify these historic resources as current mineral resources, and Atomic Minerals is not treating these historic estimates as current mineral resources.
1. Report on the Properties of Allied Mining Corporation and United Asbestos Corporation Limited, Leman Township, Montcalm County by J.D. Hagan March 31, 1970. (https://gq.mines.gouv.qc.ca/documents/EXAMINE/GM26044/)
The Allied historic estimates are based on 34 drill holes, totaling 5,091 feet (1,551.7 metres). The only key assumption, parameter or method provided in the report is the historic resources were calculated using cross sections.
2. Summary Report Covering Exploration For Uranium Mineralization During 1968-69 on Company Mining Claims in Ontario and Quebec by F.J. Evelegh, November 28, 1969 for Canadian Johns-Manville Co. Limited. (https://gq.mines.gouv.qc.ca/documents/EXAMINE/GM25420/)
The Meekos historic estimate is based on 184 drill holes, totaling 39,568 feet (12,060.3 metres). No details on key assumptions, parameters or methods were provided in the report.
3. Tom Dick and Central Groups September 26, 1972 by R.F. Kaltwasser For Les Mines D'Uranium Mont-Laurier Inc. https://gq.mines.gouv.qc.ca/documents/EXAMINE/GM28052/.
The Tom Dick historic estimate is based on 83 drill holes, totaling 15,000 feet (4,572 metres). No details on key assumptions, parameters or methods were provided in the report.
3. Les Mines D'Uranium Mont-Laurier Inc. Cantons Leman & Perodeau Campagne de Sondages Juillet - Septembre 1973 by G. Hébert and M. Vallée Le 21 décembre 1973. (https://gq.mines.gouv.qc.ca/documents/EXAMINE/GM29783/).
The Tom Dick Nord historic estimate is based on 11 drill holes, totaling 4,193 feet (1,278 metres). No details on key assumptions, parameters or methods were provided in the report.