Discussion board Power Metals (TSXV:FMC,OTCQB:FDCFF) is targeted on advancing its Nunavut uranium venture on the Thelon Basin, a jurisdiction which, in line with Richard Mazur, the corporate’s president and CEO, is a geologic analogue to the Athabasca Basin when it comes to uranium discovery potential.
“We have now an amazing land package deal with quite a lot of potential deposits there … And this isn’t a grassroots venture. That is a sophisticated exploration venture with two potential deposits already found,” he mentioned.
“We staked this floor after chemical exploring and found these deposits over 12 years of exploration. So we’ve a sophisticated exploration venture, the potential for a brand-new uranium discovery and, really, a brand-new discovery of a mining camp, in our view,” Mazur continued.
Discussion board Power raised over C$10 million late final yr, and the majority of these funds shall be used to discover the Nunavut uranium venture by means of a 12,000 meter drill program, Mazur mentioned.
Watch the complete interview with Discussion board Power President and CEO Richard Mazur above.
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