NIGER

Asekra Block Target Areas

Asekra Target Area 1: This area encompasses a large stratabound anomaly cluster within an uplifted, fault-bounded block roughly 20 kilometers long and up to 8 kilometers wide, hosting the upper Jurassic Tchirezrine II formation at and near surface. This is the same stratigraphic unit that hosts Areva’s giant Imouraren deposit, 30 kilometers to the east-southeast. The area straddles the northern two Asekra block licenses. Coincident radon and multi-element MMI anomalies define the zone (uranium, molybdenum and other pathfinder elements), with a pronounced airborne radiometric anomaly coincident with the northern, block bounding fault. The company has no information to suggest that this area has ever been sampled or drilled.

Target Area 2: Lying roughly 50 kilometers to the south, this target area is concentrated along a west-southwest trending lineament that is believed to represent a fault. The anomalous target area is narrower, up to 3-5 kilometers wide and at least 20 kilometers long, characterized by coincident track etch and MMI anomaly clusters in turn coincident with a pronounced airborne radiometric anomaly that runs the full width of the southernmost Asekra license along the lineament (fault). Shallow Cretaceous rocks overlie Upper Jurassic Tchirezrine II rocks in this area, which lies roughly 30 kilometers north of the Abkorum uranium deposit, which occurs along a similar, parallel west-southwest trending fault.

Target Area 3: This target area comprises a contiguous, sinuous, roughly north-south oriented zone of MMI uranium anomalies extending over 20 kilometers in length and up to 5 kilometers in width. There are no track etch or airborne radiometric anomalies in this area; surface-near surface host rocks are believed to be Lower Cretaceous. This large target area is less well defined than the first two, above; regardless, it is thought to perhaps represent a calcrete or other recent, surficial zone of mineralization.



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