Fortune Bay Announces Initial Drill Target Areas And 2022 Drilling Plans For The Strike Uranium Project

Highlights: Nine (9) initial drill target areas have been identified following ground gravity surveying completed in March 2022 (Figure 3).

The initial target areas comprise favorable geological, geophysical and geochemical features typically associated with high-grade basement-hosted uranium deposits related to the Athabasca Basin.

The Tena target area (Figure 4) includes the historical Tena prospect where over 1,000 tonnes of uranium ore was mined in the 1950’s with reported grades of 0.6% to 3.5% U 3 O 8 . Drill targets have been developed down-dip and along strike of the historical adit.

The Tena South target area (Figure 4) is located immediately south of the historical Tena prospect, associated with a coincident gravity low and electromagnetic ("EM") conductor. The other seven (7) target areas include discrete gravity lows located along prominent EM conductors proximal to favourable geochemistry results and structural features. Drilling is expected to commence in mid-May with approximately […]

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