Calibration of gamma logs for equivalent uranium grade determination, Fond-du-Lac deposit

"The Fond-du-Lac uranium deposit was delineated primarily by percussion drilling and a small program of diamond drilling. Drillcore samples from three diamond drill holes as well as digitized gamma logs from percussion and diamond drill holes were utilized to define and implement an algorithm for the conversion of gamma-log data to equivalent-grade data. The procedures and detailed analysis for the provision of assay data for uranium reserve estimation are documented.IntroductionThe Fond-du-Lac uranium deposit is on the south shore of Lake Athabasca, approximately 2 km southeast o f Fond-du-Lac , northern Saskatchewan. It is on the northern rim o f the Athabasca sandstone basin.A train of mineralized glacial erratics was discovered in 1967 by Farnok, Limited by means of a helicopter-borne radiometric survey. In 1969, a program of diamond drilling by Famok was successful in locating in-situ mineralization in the Athabasca sandstone at the apex of the mineralized boulder train. Since 1974, exploration and development work have been performed under a joint-venture agreement between Eldorado Nuclear Limited and Famok Limited, with Eldorado acting as operator.From the discovery drill hole to the development of the gamma-log to equivalent-grade con version algorithm, the deposit had been tested by a total of 222 drill holes, 210 of which were percussion holes and 12 of which were diamond drill holes. The holes are generally vertical and collared at 10-metre centres on fences spaced 20 metres apart. The deposit is approximately 390 metres long, 10 to 40 metres wide and up to 45 metres deep, and is generally confined to the Athabasca sandstone. Uranium occurs as pitchblende, coffinite and uraniferou s goethite."