About McArthur East
The 100% owned McArthur East property adjoins Cameco’s McArthur River project, which contains the world’s largest high-grade uranium deposit, and is situated due south of the Cigar Lake Mine. The property is 5,602 hectares in size and consists of seven claims. It is underlain by a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization. Based on historic drill results from the surrounding area, the unconformity is assumed to lie approximately 250 metres below the surface. To date, no drilling has occurred on the McArthur East property.
Exploration conducted by Purepoint on the project has consisted of a helicopter-borne EM and magnetic (VTEM max) survey carried out in 2013 and ground gravity survey performed in 2017. The airborne EM survey results showed that a broad conductive area in the northern portion of the property was a response from the basement rocks while weak conductors located within the southeastern area of the property are probably a response from swamp or lake bottom sediments. The broad basement EM conductor is thought to represent a series of closely spaced graphitic units and is considered to be a prospective exploration target.