Fulcrum Metals

Fulcrum Metals' Charlot-Neely Lake uranium project near Saskatchewan's Beaverlodge District has historic samples grading 0.15% to 6.22% U3O8 across 76 km sq.

Charlot-Neely Lake Uranium Project | Fulcrum Metals plc

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Evidence of uranium and high-grade gold mineralisation along favourable structural trends with strong opportunity for discovery potential utilising modern exploration techniques

The Charlot–Neely Lake Project is located near the previously-producing mines and deposits of the established Beaverlodge District. 

Many mineral deposits and occurrences occur within vein systems in the Beaverlodge Domain, concentrated along the northeast-trending St. Louis Fault, or along similarly northeast-trending Black Bay Fault and related structures. 

Similar northeast-trending lineaments are common throughout the exploration region.

There are several historical uranium showings on the property with grab samples and trench samples of 0.15% to 6.22% U308, historical drill intersections of up to 0.023% over 3.2 metres and radioactive sources where the source has not yet been identified.

A historical diamond drilling report from a previous operator (T. Connors Diamond Drilling Co., 1936) reports gold in DDH17 of up to 1.4oz gold and 1.4oz silver (44g/t gold equivalent) between 26.8 feet to 30.0 feet (3.2 feet /0.98 meters). 

From this report DDH17 was drilled to 193ft with the last reported mineralised intersection ending at 150ft (45.8 metres). Over the 45.8 metres (from surface to 150ft/45.8 metres) the average gold grade equivalent is 3.91g/t. 

It has not been possible to verify the assays in this historic report, although it is reported that the drill core remains on the property, and it is possible that it may be in a condition which allows future verification.

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