PROJECT OVERVIEW
The Kurupung Project is an advanced exploration uranium asset located in the Cuyuni-Mazaruni Region of Guyana. Jurisdiction: Guyana is rapidly emerging as a strategic mining jurisdiction, with a natural resources sector that supports regional employment and export earnings. Land Package: The project consists of two prospecting licenses covering a 92.2km² land package with significant historical exploration work. Infrastructure: The project is accessible year-round and benefits from a history of well-established regional exploration activity, including four operating assets within 180km of the site.
GEOLOGY & MINERALIZATION
The project is characterized by shear-hosted uranium mineralization with a regional-scale magmatic b
Geological Setting: Exploration targets are associated with structures mineralized by late-stage magmatic and/or metasomatic uranium-bearing fluids. Target Identification: Uranium mineralization is hosted within demagnetized shear zones identifiable as magnetic-low features within airborne magnetics, providing a reliable exploration tool.
HISTORICAL RESOURCE
The Kurupung Project hosts a substantial historical mineral resource estimate, which forms the basis
The total historical resource at a 0.03% U₃O₈ cut-off includes 10.591 million contained pounds at an average grade of 0.072% U₃O₈ in the Indicated category, alongside 10.047 million contained pounds at an average grade of 0.067% U₃O₈ in the Inferred category.
EXPLORATION POTENTIAL
We see a significant opportunity to expand the existing historical resource at Kurupung.
Open Mineralization: The deposits that comprise the historical resource remain open along strike and down dip. Untested Targets: There are eight additional drilled targets mineralized from surface that were not included in the historical resource estimate. This includes over 14,000 meters of high-grade intersections drilled to a maximum depth of only 150 to 200 meters below surface. Corridors of Potential: Airborne magnetic data shows untested magnetic low corridors, with gaps of 5km along each trend that represent prime exploration ground that has not yet been drilled. Upside from Re-evaluation: The original historic resource was calculated using a uranium price of US$55/lb, providing potential upside given current market pricing.
