The Carlson Creek property is located 19 kilometres northeast of the world’s largest high grade uranium mine, McArthur River. Total mineral reserves at McArthur River are 336.5 million lbs of U3O8 at a grade of 10.94% U3O8. Carlson Creek is also contiguous with UEX’s Christie Lake project which hosts the Paul Bay and Ken Pen basement hosted uranium deposits. Recent drilling by UEX in 2016 includes an intersection of 9.3% U3O8 over 9.8 metres in drill hole CB-092.
Only six drill holes have ever been completed on Carlson Creek. These were drilled by Titan Uranium in 2007 and 2008 and confirmed the presence of graphitic metasediments on the property. Additional exploration is warranted in this highly prospective portion of the Athabasca Basin.