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Straits, Southern Labrador

The Straits rare earth element (REE) property is located on the Straits of Belle Isle in southern Labrador between Mary's Harbour and Red Bay, five to 20 km from the Trans Labrador Highway.

The original property was acquired in 2006 under an agreement with a Newfoundland prospector, Alex Turpin, who retains a 1% NSR.  It covers uranium in lake sediment anomalies associated with a north-northwest trending fault structure in the Proterozoic metamorphosed, felsic volcanics, now orthogneiss. Uranium exploration from 2007 to 2009 included lake, stream sediment and soil geochemistry, ground scintillometer surveys, prospecting, and geological mapping. Significant uranium showings were located in the south central part of the property near the coast where the "BB shot" showing gives grab sample values up to 6.7 % U3O8 in outcrop along the contact of a weakly gneissic, fine-grained granite, and a pegmatite with associated magnetite and biotite. The "Bingo" showing, approximately 3 km away, also associated with the granite/orthogneiss contact, gave 17 anomalous values (>10 ppm) U3O8) with a high value of 0.59% U3O8.

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