In December of 2024, the completed its initial outcrop sampling program on its 100% owned Fafnir Lake Uranium and Molybdenum Property, located in the Upper Laurentides region of Quebec. The Company carried out detailed outcrop sampling in an area roughly 4 km by 1 km encompassing both the Fafnir Lake and Huillier Lake showings which are nearly 3 km apart.
Prospecting at Fafnir was completed in November 2024 as 41 rock samples were sent for critical element assays, including uranium, molybdenum and Rare Earth Elements which allowed to better outline the area of interest at approximately 3 km to 500 to 700 metres wide, oriented north-south within the Fafnir Property. West and east of that zone of interest, the percentage and number of pegmatites are decreasing rapidly. Nearly 100 outcrops were mapped, including the Fafnir showing and most mineralized and reported outcrops within this area of interest. Unfortunately, the Huillier showing, identified and reported in 1968, may have not been sampled.
Although sulfides were not observed in most samples, few samples had sulfides up to 5% either in pegmatites and paragneisses. Black and dark minerals are often present in pegmatites and allanite, a Rare Earth Element, was positively observed. Results yielded no uranium value of interest and only anomalous Rare Earth Elements values were returned. However, based on field observations, it appeared that both Fafnir and Huilier Lake showings were several hundred metres west and could not thus be sampled.
