The company plans further exploration on three of its eight uranium properties. Upon announcing that the National Instrument 43-101 confirmed the company’s uranium resources in Sweden, the same announcement confirmed the magnitude of the exploration target on its largest property, Tasjo. According to the company’s website, “83 drill holes have been drilled… over an area of approximately 10 kilometres by 20 kilometres.” It’s a vast target, between seven and ten kilometers, to explore. Hudson said, “We’re going to put a few thousand meters into that in September or October.” The company plans to spend about C$2 million of its C$9 million further exploring its properties over the next 12 to 18 months.

Previous government exploration at Tasjo wasn’t as structured as many of today’s mining companies would like. “A lot of it (the tonnage) hasn’t been counted,” Hudson told us. “We went through the data in cardboard boxes. The data hadn’t been out of the boxes since the mid 1970s, and the last drilling was done in the 1980s.” Hudson said his team plans to set up a grid and methodically drill it out, as opposed to how it was drilled before. The prize could be enormous as some historical estimates ran as high as 116 million pounds of U3O8 at Tasjo. But, those figures require modern exploration for regulatory compliant verification. Hudson emphasized, “Because of how the work was done, we’re not happy to quote those resources.”

While the drilling may have been less methodical, Hudson praises the Swedes for their storage capabilities, “The Swedes claim they’ve got the largest core yard in the world.” For the past seven years, Hudson rented a house in Sweden in the same town where the core shack is located. “This is all professionally stored in huge warehouses, all recorded and registered,” he explained. “At your request, they will pull out the core with forklifts.” According to Hudson, the data is all there, about 98 percent (or more) of the drill databases, including the assays and surveys. “We’ve got the data, and our people are scanning and inputting the data,” he added.

We talked about the other uranium properties, some of the better of which could have as much as 30 million pounds of uranium oxide. “The better project, from a short-term perspective is Klappibacken,” Hudson noted. Historical estimated were compiled by the Swedish Geological Survey (SGU) in 1984, when the property was last explored. Thirty-two drill holes were completed in an area about the size of a football field. The recent Canadian regulatory approved report showed an indicated resource of about two million pounds. This was considered to be a minimum because uranium mineralization was still open laterally and at depth. Hudson was excited about the Klappibacken property, “It’s over $100 per ton in uranium value. It’s wide and thick from surface. We’re trying to get something up to prefeasibility.”

The Duobblon property confirmed previous SGU drilling of fifty-five holes, which was done between 1976 and 1979. The most promising of that drilling may be the central zone, where thirty-five holes were drilled over a strike length of one kilometer. Another four kilometers, of what Mawson believes may be the host resource, remains undrilled. This may be a near-surface opportunity, possibly for open pit mining. Uranium mineralization extends from three meters below the surface to at least 300 meters of vertical depth.

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