North Shore Uranium Inc. (“North Shore” or the “Company”) has provided an update on its Falcon Property in Québec, located in the Abitibi Greenstone Belt, reporting plans to begin a drilling program in Q1 of 2024.
The Falcon Property is a highly prospective, lightly explored, gold-uranium-bismuth project, totaling 1873 hectares, that is strategically located near Lakeshore Gold’s producing Bell Creek Mine. It contains a number of historical uranium-bismuth-gold anomalies that require further exploration.
In late 2021, the Company completed a high-resolution LiDAR survey with 732 topographic measurements per hectare across the Property, leading to the compilation of a 3D model of the area. This model revealed a previously unrecognized lithological contact lying parallel to the regional strike of the area, a major fault line which cease potentially host numerous mineralizing targets.
North Shore has now planned a five-phase diamond drilling program to assess the gold mineralization along the newly discovered lithological contact as well as so the historical anomalous regions. The initial drilling program will consist of 12 to 15 diamond drill holes that will test the lithological contact, and intend to extend the more-than 1 km of anomalous gold-in-soil values. This exploration will be assisted by the Company’s utlization of 3D structural modelling program, “ELLE” to evaluate the nature of the gold-uranium-bismuth mineralization along the previously identified corridors.
North Shore believes the Falcon Property has great prospective valor as evidenced by the geophysical results of the LiDAR survey, and that they will utilize their current technical knowledge to deliver positive results from the upcoming drilling program.
The planned drilling program in Q1 of 2024 will be a pivotal trial for North Shore’s prospects in exploiting the uranium-gold-bismuth mineralization on the Falcon Property, setting a potential milestone for the Company. Interested investors should monitor the Company and the Falcon Property closely, as they aim to hit the gold strike.