Eastern Nunavut - Uranium Properties
In August 2007, UNOR will commence uranium exploration on the Baffin Island Joint Venture with Cameco covering 1,588,000 acres (642,900 hectares) on 27 5-year exploration permits.
The Baffin Island Joint Venture property is comprised of 15 permits in Borden Basin in the north part and 12 permits in the Fury-Hecla Basin in the south part. The age, structural relations and compositions of the rocks of these basins resemble those in the Athabasca Basin and in Australia that carry large amounts of uranium.
In the late 70s, several companies explored this area and a number of radiometric anomalies and a small zone of uranium mineralization were discovered.
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