Northwest Athabasca Joint Venture

Northwest Athabasca Joint Venture Project Overview

Global Uranium is earning into a joint venture with industry leaders Cameco Corp. (TSX: CCO), NexGen Energy LTD. (TSX: NXE), Orano Canada Inc., and Forum Energy Metals Corp. (TSX.V: FMC) to explore the Northwest Athabasca Joint Venture Project.
Located in the Athabasca Basin region
10,161 hectares of land including the Maurice Bay Deposit

Northwest Athabasca Joint Venture Project Location

The Northwest Athabasca Joint Venture is located immediately east of the Alberta-Saskatchewan provincial boundary and is 75 km west of Uranium City.
The Northwest Athabasca Joint Venture is accessible by float or ski-equipped aircraft, barge or boat from Lake Athabasca, and by winter road across the ice on Lake Athabasca.
Located in the Athabasca Basin region, putting The Northwest Athabasca Joint Venture in a mining-friendly jurisdiction.
The Northwest Athabasca Joint Venture is a historical resource with numerous showings and is highly prospective for finding additional high-grade mineralization.

Northwest Athabasca Joint Venture Project Geology

Variable borders of the sandstone (yellowgold colour) suggest strong structural control of sandstone paleo-valleys. These contacts, in combination with gravity lows and uranium-rich boulder fields delineate future drill targets.
Soil Sample Results on The Northwest Athabasca Joint Venture Project: The contours are the gravity survey with the orange fill being the anomalously low areas. Results extend onto Forum Energy Metals Corp.'s ("Forum") adjoining Maurice Point Project.
Off-scale mineralization from basement rocks drilled by Forum in one of the basement-hosted high-grade zones (Zone 1A) on the Northwest Athabasca Joint Venture Project. This sample returned 2.85% U3O8 over 50cm.

Historical Work

2003-2007: Cameco Corp. (“Cameco”) Surveys

2011: Forum Takes Over

2012-2015: Forum’s Drill Programs

2017: Soil/Till Sampling Program

Executed a soil/till sampling program to investigate potential boron anomalies down-ice of the gravity targets
Aimed to prioritize new targets for future drilling
Discovered strong boron signatures in the sandstones overlying the showings
Includes the historical 1.5 million pound Maurice Bay uranium deposit* based on 600,000 tonnes grading 0.6% U3O8 to a depth of 50 metres (Saskatchewan Industry and Resources, Miscellaneous Report 2003-7) in the Western Athabasca Basin

*The Maurice Bay historical resource estimate was completed prior to the implementation of National Instrument 43-101. Given the extensive exploration work completed by experienced mineral resource companies, and the quality of the historical work completed, the Company believes the historical estimate to be relevant and reliable. However, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability.