Yellowstone Project
Figure 1: Overview of Yellowstone Property - Mustang Energy (1), (4), (7), (8)
Highlights
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Ownership: 100% owned by Mustang Energy
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Size: 21,820 hectares across 7 contiguous claims.
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Location:
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Approximately 16 km west of the historic Cluff Lake Mine.(2)
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Approximately 20 km northwest of the Shea Creek Deposit.(3)
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Adjacent to Fission Uranium’s West Cluff Project and surrounding the Carswell Impact Structure.
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Geological Potential:
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Historical data highlights multiple conductive anomalies and fault zones possibly associated with uranium mineralization. (4), (5)
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Previous Work:
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Extensive geophysical datasets, including ZTEM (2011)(4), VTEM (2010)(6), and MEGATEM (2007)(7), reveal high-priority exploration targets, such as prospective NE-SW fault zones that are analogous to the structural setting of the Cluff Lake Deposit and numerous conductive corridors.
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Exploration
1. Sylvia Lake Area:
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Located outside the Carswell Structure, this area has minimal structural complexity, making it ideal for traditional EM methods.
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Identified as Priority 1 Zone for follow-up exploration by Can Alaska in 2011 ZTEM Report (SMAD# 74K05-0147). (4)
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Conductive NE-SW regional fault structure associated with the Banana Lake Uranium Zone (SMDI 2729) approximately 16 km NE (Figure 2). (5)
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Diabase dyke complex and a magnetic low cross-cut by the Harrison Fault structure which offers a similar structural setting to the Shea Creek deposit ~20 km SE (Figure 3).
Figure 2: Sylvia Lake Target 1 with ZTEM underlay (1), (4)
1. Carswell West (Priority 1):
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The inner ring of the Carswell Structure is crosscut by NE-SW faults associated with nearby mineralization at Cluff Lake and Shea Creek.
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ZTEM data highlights shallow conductive anomalies near the central uplift and deeper anomalies warranting ground-based EM follow-up. (4)
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Prospective zones include areas adjacent to NE-SW faults and mapped basement faults (Figure 4).
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Radiometric anomaly with a similar signature to Cluff Lake Mine (Figure 4).
Figure 4: Yellowstone project overview map with radiometrics underlay
References
(1) Saskatchewan GeoAtlas, Retrieved from https://gisappl.saskatchewan.ca/Html5Ext/index.html?viewer=GeoAtlas
(2) Cluff Lake Mine Uranium Production – Orano: Retrieved from https://www.orano.group/canada/en/news-resources/news/2023/may/cluff-lake-project-concludes-mining-life-cycle
(3) Shea Creek. Uranium Energy Corp. Retrieved from https://www.uraniumenergy.com/projects/canada/shea-creek/
(4) Saskatchewan Mineral Assessment Database, SMAD# 74K05-0147, 2011 ZTEM, Retrieved from http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx
(5) Saskatchewan Mineral Deposits Index. (n.d.). Banana Lake Uranium Zone or Drill Holes BAN-7 and -8). Retrieved from https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2729
(6) Saskatchewan Mineral Assessment Database, SMAD# 74K05-0145_2010 CanAlaska VTEM, Retrieved from http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx
(7) Saskatchewan Mineral Assessment Database, SMAD# 74K06-0088_2007_MEGATEM_Lithogeochem, Retrieved from http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx
(8) Saskatchewan Mineral Assessment Database, SMAD# 74K05-0140, Drill hole SYL-1, Sylia Lake Project 1998 Activities and Results, Retrieved from http://mineral-assessment.saskatchewan.ca/Pages/BasePages/Main.aspx
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Areas with deeper basement (>700m) or multiple overlying conductive sedimentary units, such as Douglas and Wolverine Point formations, which may mask basement conductors, are lower priority for exploration.
Figure 3: Sylvia Lake Target 2 with total magnetic intensity underlay (1)
Disclaimer
The scientific and technical information in this website has been reviewed and approved by Lynde Guillaume, P.Geo., Technical Advisor for Mustang Energy Corp. Ms. Guillaume is a Qualified Person as defined under the terms of National Instrument 43-101. This website refers to neighboring properties in which the Company has no interest. Mineralization on those neighboring properties does not necessarily indicate mineralization on the Company’s properties. Some Project descriptions refer to historical sample results and drill holes both off- and on-property. Mustang considers this information to be relevant to exploration; however, these results have not been physically verified by Mustang’s Qualified Person.