IKI has earned a 100% interest in the Rupert River uranium Property (the "Property") located in the East James Bay Area in the Province of Quebec.
Throughout 2007 over 90 drill holes were drilled in some instances returning anomalous and potentially economic uranium values.
The Vendor will retain a 3% Net Smelter Royalty of which 1.5% may be repurchased at anytime for $1,000,000.
The Rupert River Uranium property covers approximately 900km2.
The Property is underlain by major northeast-southwest trending package of gneisses and granitoids, including pegmatites, historically known for their anomalous radioactive content, numerous circular and planar faults and structural features, according to a Quebec government survey (MRNQ File 49771). The Property was originally staked by the vendors over several kilometric size uranium anomalies from the regional lake-bottom sediment survey data. A number of uranium and copper occurrences were identified in the 1970’s and 1980’s by the “Societe de Development de la Baie James (“SDBJ”) in lake bottom sediments (MRNQ File GM-34035, GM-37016, GM-57946). The geoscientists at the time concluded that the Uranium was leached from uranium source rocks (pegmatites) with northeast and northwest faults that could have remobilized the uranium in structural traps in association with copper, zinc, nickel, molybdenum and cobalt (MRNQ File GM-34038).
This style of mineralization model is not too different from that of the
uranium vein mineralization of the French Massif, France, Bancroft, Ontario and Crackingstone Peninsula, Saskatchewan (Gunnar-type mineralization). In addition, the Rossing Deposit in
The results from a 2600 line km airborne survey are detailed in the maps below.
The current 43-101 report covering the Rupert River Uranium property may be accessed by clicking on the map below.
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