Key Lake Project


The 2015 uranium exploration program was successful in identification and confirmation sampling of the main known radioactive occurrences and showings on the KLR Project and was complimented with a short-hole diamond drill program, utilizing man-portable, pack-sack diamond drills. The two primary zones of interest for the 2015 program were the historic DD Zone (an area worked extensively in the past for uranium exploration by Forum Uranium Corp.) and Aldever’s new 2015 discovery, the Highway Zone. Highlights from the 2015 uranium exploration drill program include 0.19 metres of 1.85% U3O8 in drillhole KLR15-037 from the DD Zone and 0.29m of 2.31% U3O8 from a discovery drillhole KLR15-086 at the Highway Zone.

The Summer-Fall 2015, 18 day program included the completion 88 short pack-sack drillholes across the Project area, with an exploration emphasis on conformational samples from in and around the historic DD Zone. In total 47.69 metres of diamond drilling was completed with 103 core samples collected and sent for geochemical analysis. Core samples analytical results ranged from trace to 2.31% U3O8 with an average of 0.08% U3O8.

Summary highlights from the DD Zone drill program are presented below:

Drillhole KLR15-001; from 0.0 to 0.3 metres, 0.3 metres of 0.24% U3O8
Drillhole KLR15-005; from 1.09 to 1.33 metres, 0.24 metres of 0.15% U3O8
Drillhole KLR15-029; from 0 to 0.44 metres, 0.44 metres of 0.33% U3O8
Drillhole KLR15-030; from 0 to 0.41 metres, 0.41 metres of 0.21% U3O8
Drillhole KLR15-073; from 0.0 to 0.21 metres, 0.21 metres of 0.58% U3O8
Drillhole KLR15-074; from 0.2 to 0.33 metres, 0.13 metres of 0.21% U3O8
Drillhole KLR15-037; from 0.18 to 0.37 metres, 0.19 metres of 1.85% U3O8

In total, 1.2 km of strike length of the DD Zone was prospected and drill tested during the program. The pack-sack drillholes were designed to test surface expressions of previously identified North-South trending conductors within the DD Zone and will assist targeting of deep diamond drilling planned for future exploration programs.

Summary highlights from the Highway Zone Discovery:

The Highway Zone is located approximately 1.7 km southeast of the DD Zone, and lies within sight of Saskatchewan Highway #914. Drillhole KLR15-086 returned 0.29m of 2.31% U3O8 from 0.13 to 0.42 metres with an associated chip sample of 0.38% U3O8 collected from a nearby exposure of heavily fractured and altered calcsilcate hosted within a zone of prominent north-south oriented, steeply dipping fault structures. This newly discovered fault zone is interpreted to be related to a splay of geophysical conductors previously identified on the project from airborne geophysical surveys. Follow-up exploration on this rapidly developing uranium mineralized zone is currently being planned by Aldever.

Maps showing the KLR Land Package and location of the 2015 work areas (DD and Highway Zones) will be made available on Aldever’s website.
Coincident with the drilling program, a Property-wide geological mapping and sampling program was undertaken, whereby all known radioactive showings were located and, where possible, mapped and sampled. 48 rock samples were collected from this exercise with analytical results ranged from trace to 0.51% U3O8 at a showing in the DD Zone. In addition, 2.3 kilometres of access trail was opened at the DD and Highways Zones, and as such, access to the newly located “Highway Zone” is now possible.

The 151 core and rock samples collected from the 2015 KLR exploration program were analyzed at the Saskatchewan Research Council ("SRC") Geoanalytical Laboratories in Saskatoon, SK for chemical analyzes via SRC's Multi-Element Uranium Exploration ICP-OES package. Chemical ICP results received included both partial digestion and total digestion for the multi-elements. Of note was the fact that a high percentage (~76%) of the U reported in the partial digestion was returned in the final, total digestion. Management interprets this data as indicative of the U reported associated with uraninite minerals, as opposed to the U associated with more refractory minerals.