CanAm Uranium Corp. (CAUI.OB) announced the closing of the airborne survey for its uranium claims in the Athabasca Basin. The survey results have shown that the Athabasca Basin has significant potential for future uranium mineralization, similar to the already pertinent IUC/JNR Resources at Moore Lake.
Because CanAm Uranium is utilizing a leading survey tool, The Tempest, the company has access to resolving capabilities superior to traditional time domain systems. Additionally, The Tempest can inspect conductive horizons to a depth of over 400m while surveying the Athabasca Basin, a deeper depth then most systems can reach today.
The Athabasca Basin, approximately 15.8 Miles, is the largest, high – grade uranium mine in the world. The average production exceeds 389.1 million lbs with an average grade of 24.3%.
Michael Hitch, Chief Geoscientist and Director stated, “We are pleased to be able to use this discovery tool in the prolific Athabasca Basin. If there is a possibility of a new discovery, it certainly has a greater possibility in a world-class camp.”