Plaster Rock Project, New Brunswick

Uranium metallogenesis in New Brunswick is closely related to late to post-orogenic Devonian intrusions and related volcanic rocks and younger sedimentary rocks, in overlying successor basins. In New Brunswick, these Carboniferous-age basins (collectively known as the Maritimes Basin) formed through collapse and subsidence of the uplifted Appalachian Orogen and contain sedimentary-hosted uranium occurrences of various styles. Uranium mineralization is hosted in alluvial, fluvial and lacustrine sediments, commonly occurring in close proximity to faults.

The wholly-owned Plaster Rock property is located in one such Carboniferous-age basin, known as the Plaster Rock basin. The 230 claim property, acquired by staking, comprises 3,723 hectares and straddles a 10-km long section of the western margin of the Plaster Rock basin, in fault contact with Devonian-age felsic volcanic rocks. The Blue Bell Fault separates pink to red massive rhyolitic basement rocks of the Cameron Mountain Formation from overlying red sandstone, conglomerate and mudstone of the Arthurette Redbeds Formation (Wilson 1987). Previous exploration efforts completed in the 1970s by Urangesellschaft Ltd. and Lacana Mining Corporation in this locale, were successful in locating a number of new uranium showings and soil geochemical anomalies, intimately associated with the Blue Bell Fault but were never followed-up by diamond drilling.

Prospecting work is planned for this project during the 2008 exploration program.

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