Alexis
The Alexis River property in south eastern Labrador was selected because of a remarkable lake sediment sample -- over 0.1% U3O8 in lake bottom sediment. The property was drilled by Kirrin in its second season and the best intercepts were (a) 0.754% U3O8 across 0.2 m at 58.9 m depth and (b) 0.188% U3O8 across 0.85m at 197.7 m. One uranium consultant described Alexis River as 'probably one of the best grass-roots properties we know of outside the Athabasca, in an exploration friendly environment and relatively close to infrastructure'. The property is not affected by the Inuit Labrador moratorium.
Boxey Point
Boxey Point was selected because of its history of elevated uranium results and two 2007 rock samples that tested 738 ppm and 1,498 ppm uranium (0.09 to 0.18% U3O8) respectively. There is also remarkable alteration of the sedimentary strata on the property. Kirrin's fieldwork in 2008 demonstrated that elevated uranium is apparent across 1.4 km of the Boxey Point promontory. The expected deposit type could be similar to some of the sediment-hosted, structurally controlled tabular uranium deposits that exist in parts of the Colorado Plateau, U.S.A.
Lost Pond
The Lost Pond property carries dual attractions, uranium and rare earth elements (REE). Initial prospecting determined a 200 m wide uranium mineralisation zone and drilling discovered 0.045% U3O8 over 12.3 m core length at 72 m depth. In addition, the high grade nature of the rare earth elements ("REE") mineralization, multiple zones, proximity to infrastructure, and the well defined nature of the geophysical anomaly encouraged Kirrin to option the property and plan further drilling in 2008. Kirrin's drilling extended the uranium discovery by targeting the down-plunge extent of the zone and hit the target at 235.4 m, resulting in an intersection of 0.038% U3O8 over 20.1 m.