Advanced Exploration

Angilak

Ag
Cu
Mo
U
Latitude Uranium Inc.
Nunavut

,

Canada

Acquisition:

2017 / 01 / 10

Agreement:

Royalty

Terms:

1.0% NSR

The Angilak property is located in Nunavut, Canada and hosts a number of uranium mineralized zones including the high-grade Lac 50 Trend deposit and the Dipole-RIB discovery. Since acquiring the Angilak property in 2008, ValOre has invested more than $55 million in exploration activities including ground and airborne geophysics, geological mapping, prospecting, and 90,500 metres of diamond drilling and reverse circulation drilling.

The Lac 50 Trend is a basement hosted, hydrothermal-vein type, unconformity-associated uranium deposit. The uranium and sulphides occur in widths up to 12.75 metres with the average mineralization being 1.5 to 2.0 metres wide. An Inferred Resource released in January 2013 reported 2.8 million tonnes of 0.69% U3O8 containing 43.3 million pounds U3O8 (0.2% U3O8 cut-off). The resource also contains significant quantities of silver, molybdenum and copper. Metallurgical and beneficiation testing was completed in 2013 and demonstrated a 96.7% cumulative uranium recovery in a mass recovery of 49.2%.

The Dipole-RIB Trend is located approximately 25 km southwest of the Lac 50 deposit. Drilling has returned multiple intervals of significant near surface uranium mineralization and the results from soil samples collected in 2016 have further outlined multiple anomalous uranium-in-soil trends at the Dipole and Yat targets.

Recent Activity

    March 2023

    Results from 2022 core drilling at Dipole substantiate the target’s potential, with seven of 14 sampled holes intersecting uranium mineralization with grades above the Lac 50 Resource cut-off grade (0.20% U3O8). Eight of nine sampled holes at J4 West returned near-surface uranium mineralization at vertical depths ranging from 13 to 80 m.

    August 2022

    Results from the first two holes of the 4,500-m drill program indicate drilling has intersected multiple shallow zones of radioactivity. Of particular note is drill hole 22-DP-002, which intersected 12,000 counts per second (CPS) at 56 m vertical depth and 9,361 CPS at 98 m vertical depth.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

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Asset Handbook

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Annual Report

Our 2023 Annual Report includes our annual Financial Statements and Management Discussion & Analysis and a letter from Sandstorm’s President & CEO.

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Sustainability Report

Learn more about Sandstorm’s approach to sustainability including our due diligence process, mining partnerships, and employee engagement.

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