The Spreckley Lake Project covers an area of 1,385 hectares in northern Saskatchewan, strategically located adjacent to Skyharbour Resources’ Pluto Bay Project. The Spreckley Lake Uranium Project has long been recognized as a region of exceptional mineralization potential. The Project’s geological setting, adjoining the Black Lake Fault—a large-scale regional structure located west of the Project boundary—makes it a highly prospective exploration area for uranium deposits.

Exploration activities at the Spreckley Lake Project date back to the 1950s, during which several distinct uranium occurrences were identified. Notably, these include the B-1, H-1, and H-3 showings, as well as the M-1, M-7, M-13, M-15, M-17, and M-39 Uranium Zones. In 1967, a preliminary historical resource estimate* was reported, indicating 141,000 tons grading 0.073% U3O8 over an average width of 11.1 feet (3.4 meters) using a cut-off grade of 0.04% U3O8 or 72,700 tons grading 0.13% U3O8 over a width of 6.7 feet (2.0 meters) using a cut-off grade of 0.07% U3O8 (Minfile 1749).

Radioactive mineralization has been identified for several kilometres along the east shore of the southwest bay of Spreckley Lake. The area is underlain by radioactive white pegmatites intercalated within a series of granite-intruded meta-sediments adjacent to a foliated granite mass. Radioactivity is in the form of uraninite within biotite crystals, often accompanied by quartz. All significant radioactive zones occur in white pegmatite with a composition of approximately 65% white feldspar (mostly plagioclase), 30% quartz and 5% biotite.

* Readers are cautioned that the historical mineral resource estimates do not mean or imply that economic deposits exist on the Project.