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ATHABASCA BASIN
The McArthur River project is a Cameco-operated joint venture located within the eastern part of the Athabasca Basin near the McArthur River operation, the world's largest uranium producer. Four areas of mineralization have been found – the Harrigan zone, BJ zone, P2 Main, and P2 North.
The P2 trend is the most prolific high-grade uranium mineralizing system in the world. The trend extends 18 km, but until recently some 65% of its length was untested or significantly under tested.
In early 2009, Cameco reported that the P2 structure has now been tested at approximately 200-metre intervals for a distance of 4.3 kilometres north of the mine with encouraging results. One example, reported in Cameco's McArthur River technical report issued in February, 2009, was a drill hole which contained 36% uranium over a length of about 30 meters.
2009 McArthur Technical Report
Exploration Objectives
- Continue an accelerated brownfield program of surface diamond drilling along the P2 trend to further evaluate its resource endowment
- Compile and assess regional targets on the McArthur River project and prioritize a list for followup.
History
| 2008-09 | Drilling along P2 trend at 200-metre intervals continues with encouraging results. |
| 2004 | brownfield exploration program commences |
| 2000 | McArthur River achieves full production. |
| 1997 | mine construction begins |
| 1993 | government approves underground exploration |
| 1988 | discovery of P2 North deposit |
| 1985 | discovery of P2 Main deposit |
| 1984 | discovery of the BJ zone |
| 1980 | discovery of the Harrigan zone |
| 1976 | exploration activity begins |
