Located in the prolific Central Mineral Belt (CMB) in Labrador
28,575Ha Contiguous claim block
Active region – Atha Energy, Paladin Energy (Aurora Energy)
On major structural trends with known deposits – Michelin Project (127.7M Lbs U3O8), Mustang Lake, Jacques Lake
Surrounded on 3 sides by Atha Energy(TSX:SASK)*($188 Million Market Cap)
Along trend from Michelin Deposit owned by Paladin Energy (PALAF:OTC)*($1.5 Billion Market Cap)
Michelin Deposit – 100% Owned by Paladin
Michelin contains a total Mineral Resource of 92Mlb uranium, 82.2Mlb of which is classified as Measured and Indicated Mineral Resources.
Significant potential to grow the existing Mineral Resources further through extension drilling and greenfield discovery. Just 15% of the tenement area, the area of outcrop, has received the historic drilling in which the deposits are located.
Paladin Market Cap: USD $1.55 Billion
Dark Star’s management cautions that substantial mineral deposits on properties in proximity Dark Star’s may not necessarily be indicative of the presence of substantial mineral deposits on the Company's properties.
Michelin Deposit – 100% Owned by Paladin
Mustang Lake – 100% Owned by Atha
360,094 acres located in Newfoundland & Labrador Land package spans 125km and is home to several uranium mineralization zones
Home to 14.5MM lbs U3O8 of historical indicated and inferred resource Acquired from Latitude Uranium for
Over 140 targets have been identified for further exploration
Atha Energy Market Cap: CAD $188 Million
Ghost lake Uranium Project – Radiometric Study
The survey had considerable success in outlining anomalous regions on the Anna Lake and Ghost Lake B grids. The grid at Anna Lake allowed for considerable definition to results. The results collected were successful in outlining two major trends that may in fact be one unified body. Follow-up work to the NE and SW of said anomalies would definitely be recommended if claims owners are interested in tracing the extent of what seems to be a fairly large uraniferous body.
The results collected at Ghost Lake B warrant follow-up work in all directions.
Ghost Lake B Zone Survey outline on Radiometric U response with structure zones and major structures illustrated.
Ghost lake Uranium Project – Summary
28,575 HA Prospective Uranium Project within a known mineralized trend.
Strong structural preparation.
Underexplored with respect to the surrounding area, and strong potential for new discoveries.
Large land package in an underexplored jurisdiction.
Radiometric survey confirms anomalous trends.
U308 presence confirmed by historical lake sediment sampling.
Along trend from major uranium deposits.
Ready for modern day exploration.
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