Uranium And The Clean Energy Revolution
As the world transitions to a low-carbon economy and the demand for clean baseload electricity increases, nuclear energy must play a significant role. The urgency to reduce carbon emissions has multiple governments planning to build new nuclear power plants, ensuring plenty of future demand for uranium.
Key developed markets, including the United States, have seen a paradigm shift in nuclear energy policy with a renaissance underway to compete on the global stage with next generation reactor buildouts in sensitive jurisdictions in the Middle East and Asia. China is the fastest growing market for nuclear power.
The clean energy revolution, following a decade of extreme underinvestment in the uranium sector, has helped ignite a new bull market in uranium. Sassy Resources is well positioned to benefit from the current nuclear energy push with its focus on new discoveries in Saskatchewan’s prolific Athabasca Basin.
“The drill-ready Highrock Project is a potential high impact exploration play that gives Sassy shareholders exposure to a dynamic sector benefiting from the global energy transition driving significant new investment in nuclear demand” – Mark Scott, Sassy President and CEO.
Saskatchewan is home to the world’s highest-grade uranium mines. This means Saskatchewan’s uranium mines can produce high volumes of uranium concentrate (or U3O8) while disturbing less of the environment, producing fewer tailings and waste rock. It also means Saskatchewan is a leader in producing the fuel for safe, reliable, clean-air electricity.
Cameco’s Key Lake in Saskatchewan is the world’s largest high-grade uranium mill.
Highrock Project Features Compelling Targets Over Multiple Kilometers
- Highrock is situated along the same conductive lithological trend unit that hosts the nearby former producing Key Lake mine (Cameco) which extracted over 200 million pounds of uranium by open-pit methods at an. average grade of 2.3% U3O8 from 1983 to 1997;
- The exploration target at the 20 sq. km Highrock Project is a basement-hosted deposit similar in style to NexGen Energy’s Arrow deposit and Fission Uranium’s Triple R deposit;
- A narrow ground gravity survey was completed over the immediate conductor area at Highrock, followed by an 8-hole diamond drill program in 2016. The graphitic conductor was intersected in 7 of the 8 holes, with the strongest tectonics and alteration located in hole HR-07. The untested conductor continues for an additional 3 km to the south of this drill hole;
- Another ground gravity survey was completed in 2017 and identified several new areas of interest at the north end of the property, closest to the Key Lake deposits. The results of the 100m x 100m station density survey show several new gravity lows, interpreted to be caused by clay alteration systems that may be associated with uranium mineralization. An exceptionally large gravity low coupled with the significant 4 km north-south EM conductor on the north end of the property near the Cameco/Orano Key Lake property boundary remain untested.