North Shore Uranium Inc (“NSU”) recently provided an update on its Falcon property exploration project. NSU is currently conducting a detailed and comprehensive exploration program on the Falcon property, designed to delineate high-grade uranium mineralization. In the near future, NSU plans to transition from its exploration program to an exploration-drilling program.
The Falcon property is well-situated 5 kilometers west of Yellowknife, Canada and is believed to host numerous uranium mineralization zones. To date, NSU has completed numerous geophysical surveys and soil-sampling surveys to outline areas of potential uranium mineralization. As a result of these surveys, NSU has identified two potential targets that are believed to have the potential to host a high-grade uranium deposit.
In order to further delineate the resource potential on the Falcon property, NSU has developed a detailed exploration-drilling program which is planned to begin in Q1 2024. This program will focus on both intrusive-hosted and vein-type uranium deposits. The drilling program is expected to consist of a series of diamond and reverse-circulation drill holes that will test the depth and lateral extent of the potential mineralization.
The Falcon property has seen very limited drill testing in the past, and NSU is optimistic that this drilling program will unlock the potential in this area. Over the next few years, NSU will be focusing on expanding its exploration efforts on the Falcon property in order to properly map out the potential resource.
NSU’s primary goal is to unlock the potential of the Falcon property and to advance it towards development. The initiation of the exploration-drilling program is an important step in moving towards this goal and is expected to provide insight into the resource potential of the property. NSU is poised to capitalize on the current uranium market and will continue to keep shareholders up to date on further exploration updates.
