Tarku NorthThe 29,000 ha property overlies approximately 90 km of the northern extension of the Snowbird tectonic zone, considered to be highly prospective for the presence of uranium. The property was acquired by staking and is owned 100% by Ituna, with no underlying royalties or encumbrances.
The Tarku-North property covers the Black Lake Shear zone, the northern extension of the Snowbird tectonic zone which hosts the Centennial deposit, located near the southern limit of the Athabasca Basin. Nearby projects of interest along the same fault zone include the past-producing Nisto Mine, and Middle Lake/Dees showings. Both occurrences are located 15km south of the Tarku-N project, near the northern margin of the Athabasca basin, and are host to unconformity-related uranium mineralization. In 1959 the Nisto Mine rendered a 106 ton shipment at 1.63% U3O8 (GSC World Mineral Deposit Database). Mineralization at the historic Nisto mine along the Black Lake fault strongly suggests that this structure is fertile for uranium mineralization.