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Thelon Basin


(Download map in PDF format here)

Regarded as a highly prospective analogue of its Uranium-rich neighbour in Saskatchewan, Nunavut’s Thelon Basin exhibits similarities in size, age, geology and mineralization to the prolific Athabasca Basin. Exploration in the 1970s and 1980s led to the discovery of Kiggavik, Andrew Lake and End Grid deposits by Urangesellschaft. Total resources for the combined deposits are estimated at 134 million pounds U3O8.  Present owner AREVA is assessing the viability of the project. Future plans may include a state-of-the-art mill and mining operations located 80 km west of Baker Lake.

 

Titan entered into an option agreement with Mega Uranium Ltd. in April 2007 whereby Mega has the option to earn a 51% interest in Titan’s properties by contributing Cdn $5 million over two years. Mega has since fulfilled that commitment and the JV is in the process of being finalized. Titan is the operator of the project.


Exploration History

  • Mapping and prospecting in 2005 defined 2 glacial dispersion trains;

  • Prospecting and radon surveys (2006) further refined glacial trains;

  • Drilling in 2006 (477 metres, 8 holes) tested radon and boulder anomalies. Drilling revealed altered and fracturing associated with anomalous radioactivity of 200 cps. Sample results yielded up to 100 ppm U, with DDH RADC-06-05 intersecting 0.19% U3O8 over 3.9 metres;

  • Airborne magnetic and radiometric survey covering 11,786 line-km (2007) showed several areas of anomalous readings correlating with known radioactive boulder trains;

  • Further radon gas surveys and boulder prospecting were completed, checking the anomalous areas that had been previously defined. Results ranged from 50 ppm U to 6.00% U3O8;

  • Drilling in 2007 (1620 metres, 23 holes) tested six areas of known Uranium mineralization. RADC-07-01 encountered fracture-controlled mineralization with assay values of 2120 ppm U and anomalous pathfinders of 41 ppm B and 178 ppm Pb;

  • Follow-up boulder sampling (2008) was conducted on claims acquired in 2007;

  • Bulk till sampling (2008) collected from 25 locations down ice of magnetic features identified by Titan’s high resolution magnetic and radiometric survey (2007) to test for kimberlite indictor mineral; 

  • Drilling in 2008 (1,244 metres, 12 holes) tested 6 targets, with DDH R22-08-01 intersecting a 10.70 metre interval of radioactivity associated with a fracture zone developed in mudstone adjacent to quartzite. Analytical results were returned grading 0.19% U3O8 over 0.40 metres; and

  • The project has been in care and maintenance mode since 2009.