Basket Lake Uranium Property, Dryden ON – available for Joint Venture

Takara owns a 100% in this property, acquired in 2007 on the basis of a distinctive airborne geophysical feature that is coincident with multiple, clustering, U anomalies identified from published government lake sediment geochemical data.  Several other U projects with similar exploration models are active in the region, in particular the historic Richard Lake uranium deposit, located ~135km to the northwest.  No previous exploration work by other companies is known for the project area, much of which has been recently logged providing new exposures of the bedrock and excellent access.

Basket Lake Project Geological Survey Summary (PDF)

Takara`s exploration expenditure incurred on Basket Lake to date (September 2008) is >$300,000.  Airborne radiometric and magnetic geophysical surveys were completed in the spring of 2008.  The follow-up exploration program is ongoing, consisting of: geological mapping, sampling, and groundtruthing of structures identified in the geophysics.  The land package of ~300km2 is comprised of 75 mining claims.