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| ![]() From March 9th to June 30th 2005, thirty-one Metallic and Industrial Minerals (MAIM) permits, totalling 256,233 ha, south of Lake Athabasca in northern Alberta were acquired. The Athabasca South Shore Property is situated along the south western shores of Lake Athabasca stretching from Wood Buffalo National Park to the west to the Alberta-Saskatchewan Border to the east. Fort Chipewyan is the closest community, located approximately 10 km to the north of the northern most permit. Between June 30th and July 19th 2006 an airborne GEOTEM electromagnetic and magnetic survey was conducted over the basin holdings south of Lake Athabasca including the western portion of the Athabasca South Shore Property. In addition, a MEGATEM electromagnetic and magnetic survey over the remainder of the holdings, south of Lake Athabasca, including the eastern portion of the Athabasca South Shore Property was performed. Several correlations of magnetic and electromagnetic data were found along with several basement hosted conductors identified throughout the property. Several potential kimberlite targets were also identified from the GEOTEM survey. Follow-up ground work over targets identified from the airborne surveys was completed during the first few months of 2007. The follow-up work included 140.5 km of line-cutting, picketing and chaining in preparation for forthcoming ground EM surveys, which are currently being completed. Previous historic exploration includes drill holes which encountered significant mineralization; measured uranium was 108 ppm U3O8 over a short interval. Several other holes encountered 20 - 40 ppm U3O8 over short intervals as well. The alberta portion of the basin has been relatively unexplored compared to the SK portion of the basin. Potential is considered high for U/C and sub U/C uranium mineralization and is bolstered by the discovery of the high grade Maybelle River Deposit.
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