COMINCO URANIUM PROPERTY
Hertz optioned two properties in the Bathurst Inlet area of Nunavut. These properties cover 5,046 hectares with uranium occurrences discovered during 1975-1976, and include the Pomie prospect by Cominco Limited, and the Yon showing by Noranda Exploration Co. Ltd.
The Pomie property consists of the Pomie, Pomie2, and Pomie3 claims and is located at the south end of Bathurst Lake. These claims cover ground around the Pomie uranium showing (076JSW0003).
The Yon property consists of the Yon claim and was staked to cover the historic Yon showing (076JNW0005), located near the southeast shoreline of Bathurst Inlet.
Access is currently by helicopter. The Bathurst Inlet Lodge is located 86 km from the Pomie property and 38 km from the Yon property and offers seasonal support.
The Cominco property surrounds the active claim containing the original Pomie showing drilled by Cominco back in 1977. Two out of seven drill holes (PM-3 and PM-7) gave very encouraging intersections of fracture-controlled and disseminated mineralization in the basalt flows which grade 2.59lbs U3O8/ton over 38 ft, and 4.79lbs U3O8/ton over 43 ft, respectively.
Noranda completed work programs in the 1970’s on the Yon property including thirteen trenches with a 1.5m channel sample yielding 0.33% uranium and the highest grab sampling returning 0.456% uranium.
Within the mineralized zones at the Yon showing radiation levels ranged from 2,500 to 10,000 counts per second using a TV-1A scintillometer.
Hertz aims to utilize modern exploration technologies to revisit strong historical results and hopes to define a distract scale uranium prospect in Nunavut.
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