Matoush

Snapshot

Location: Quebec, Canada (Otish Mountain sedimentary basin)
Ownership: 100% Consolidated Uranium
Deposit Type: uraninite-veins within a broader alteration envelope and with significant uranium mineralization at the unconformity
Stage: Development
Primary Minerals: Uranium

Mineral Resources: 

Category

Tons (000s)

%U3O8

lbs U3O8 (000s)

Indicated

586

0.954

12,329

Inferred

1,686

0.442

16,440

¹ This table reflects historical mineral resource estimates considered to be a “historical estimate” under NI 43-101 and is not considered by the Company to be current.

Overview

The Matoush project is located in the Otish Mountans of the prolific mining region of Quebec, Canada, 210 km north of the Cree community of Mistissini and approximately 275 km north of the town of Chibougamau. The Property currently comprises 413 mining claims covering a total area of 21,670 hectares (217 km2). The overall project area extends ~24 kilometers from north to south and up to 12 kilometers in width. Quebec is known as a proven mining jurisdiction with significant uranium endowment.

The Matoush project has seen extensive exploration, evaluation and permitting activities. Such activities have included the construction of a 50-person camp, a landing strip for planes carrying material and passengers and three megadomes and offices. Additionally, approx. 245k meters of drilling  was completed in 591 holes. In 2008 an initial Preliminary Economic Assesment (PEA) was carried out, which was then updated on 2010. There have been multiple mineral reslource estimated completed, the latest being in December 2012. Numerous environmental studies have been conducted making up an Environmental Impact Statement (EIS).

CUR intends to focus on engagement with the local indigenous stakeholders before undertaking any project level activity.

Summary of Key Characteristics

  • High-Grade and Substantial Historic Resources
    • Indicated Mineral Resources of 586,000 t at an average grade of 0.954% containing 12.329 m lbs of U3O8
    • Inferred Mineral Resources of 1,686,000 t at an average grade of 0.442% containing 16.44 m lbs of U3O8
  • Advanced Stage Project 
    • A Preliminary Economic Assessment on the Property was published in April of 2010 which contemplated access via a ramp decline, mining using longhole methods followed by cemented rock fill (CRF)
  • Strong Exploration Potential
    • The Matoush Fault Zone, the structure that controls the mineralization, has been identified over a strike length extending 11km southward and 2.5km northward beyond the historic resource area. In addition, many of the zones of mineralization within the historic Mineral Resource are open along strike and down plunge.
  • Proven Mining Jurisdiction with Uranium Endowment
    • Quebec ranks highly as a mining jurisdiction and has seen significant past expenditures on uranium exploration by both major and junior mining companies.

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