Bonaventure expands 3D model of K9 deposit

With two drills already in action, Bonaventure Enterprises (BVT-V, BVTEF-O) is going after near-surface uranium targets on its K9 property in James Bay, Que., in search of a Rossing-type low-grade uranium deposit.

Bonaventure plans to drill 6,000 metres at K9 this year, with about 1,600 metres already completed.

So far, holes have been drilled to an average depth of 150 metres. Assay results are pending.

The company has completed drill core descriptions and sampling from eight holes and has also carried out down-hole scintillometer surveying.

The readings have shown continuous radioactive zones with spiky down-hole radiometric signatures that have been correlated with uranium-bearing radiometric highs recorded in updip surface outcrops.

The company says this adds to the three-dimensional picture of the K9 corridor.

Bonaventure plans to test 14 targets along the K9 surface anomaly, which stretches 7 km long and up to 675 metres wide.

Equivalent uranium assays done with a scintillometer from 94 bedrock surfaces averaged an estimated 0.12% U3O8, while 91 of 94 bedrock samples that were chemically assayed averaged 0.14% U3O8.

Equivalent uranium assays from 88 readings of surface outcrops of the Target 8 area that is currently being drilled averaged an estimated 0.08% U3O8, whereas chemical assays from 26 bedrock samples averaged 0.21% U3O8.

Uranium exploration so far at K9 shows a two-dimensional system covering 5.25 sq. km in the near-vertical dipping lithologies.

The company hopes to complete 20,000 metres of drilling in total and plans to outline an initial resource estimate by the end of the year.