Located in northeastern Alberta on the western edge of the Athabasca Basin.

The project covers 446,330 acres of highly prospective ground and surrounds AREVA's Maybelle River uranium deposit.

Rea Project

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The Rea uranium project is located in northeastern Alberta on the western edge of the Athabasca Basin.

The project covers 446,330 acres of highly prospective ground and surrounds AREVA's Maybelle River uranium deposit.

The Athabasca Basin is host to some of the world’s largest and richest uranium mines and currently contributes about 32% of the world's uranium supply; past production and resources total almost 1.5 billion pounds of U3O8.

Ownership

  • Brazilian Gold owns a 75% interest and AREVA holds a 25% interest in the project.
  • AREVA is required to make expenditures of C$2.84M before December 31, 2013 to increase their interest to 50%.

Land

  • Fifteen exploration concessions for a total area of 143,760 Ha.

History

  • 1974 to 1979, exploration programs by Eldorado Nuclear.
  • 1988, Uranerz Exploration and Mining Ltd. discovers Maybelle River deposit.
  • 1988 to 1990, Uranerz explores what is now the Rea project.
  • 2005, Brazilian Gold completed an airborne magnetic and electromagnetic survey over the entire property.
  • 2006, follow-up ground induced polarization (IP) surveys over high priority geophysical targets (12) identified a number of anomalies that may be caused by alteration associated with uranium mineralization.
  • 2007, Brazilian Gold drilled (1,903 metres in 8 holes) six of these relatively shallow high priority targets. Three of these holes intersected significant alteration and anomalous concentrations of uranium in sedimentary rocks immediately above the unconformity with the underlying basement pegmatite.
  • 2008, the company completed a ground geophysical program (electromagnetic) on some of the high priority targets identified in the previous exploration programs. The program mapped a number of conductors more precisely, which may represent the intersection of basement fault structures and the unconformity with the overlying sedimentary rocks. This is the location that hosts uranium mineralization in many of the Athabasca Basin deposits.

2011 Exploration Program

  • No exploration activities planned in 2011.