Outer Ring Project

Uravan's Outer Ring project is located within the prolific Athabasca Basin of Northern Saskatchewan which is known to host the world's largest high grade uranium deposits. The Outer Ring property consists of 4 Mineral Dispositions totaling 16,651 hectares( 38,675 acres)and  is located approximately 40 km Northwest of Cameco Corporation's Cigar Lake deposit  which is estimated to contain 226.3 million pounds grading 20.67% U₃O₈.

The property extremely under explored with little to know historical exploration work, and encompasses a magnetic low feature with interpreted structure that Uravan believes may be an extension of the Cable Bay shear zone or part of a possible meteorite impact structure at Pasfield Lake located 4km immediately west of Outer Ring. There are therefore two potential uranium mineralization targets on the property; Shea Creek style or traditional unconformity type like that seen at Cigar Lake and McArthur River. Recent drilling at Pasfield Lake has also confirmed the presence of a significant basement uplift in the area, showing that depths to the unconformity in the area may be significantly less than previously believed.

The Outer Ring property's proximity to known high grade mineralization, geophysical signature and under-explored nature makes it highly prospective for the discovery of uranium mineralization and an ideal location for Uravan to deploy it's unique exploration tools.