About Russell South
The 100% owned Russell Lake Project is located near the south-central edge of the Athabasca Basin covering an area of 13,320 hectares, within a favourable geologic area since it’s close to the southern edge of the Athabasca Basin that has relatively shallow drill targets and nearby uranium deposition.
The project also adjoins the Moore Lake Project, owned by Skyharbour Resources Ltd., with their high-grade Maverick Zone that returned 6.0% U3O8 over 5.9 metres from hole ML-199 (Skyharbour PR, Feb. 27, 2017). Also located near the southern edge of the Athabasca Basin is the Key Lake Mine, 22 km WSW, that produced over 200 million pounds of uranium at a grade averaging 2.3% U3O8 between 1983 and 1997 and he Baselode / 92 Energy discoveries (28 km NE).
The regional airborne gravity suggest our claims cover important geologic contacts and in June 2022, the Company is conducting an airborne Gravity Gradiometer, Gravity and Magnetic Survey across the entire project that will allow us to define specific targets for follow-up ground geophysics and drilling.