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points from the article:

- Athabasca Basin is a region in the Canadian Shield of northern Saskatchewan
- supplies about 20% of the world’s uranium.
- Uranium in Saskatchewan was discovered in 1934 at Beaverlodge
- produced uranium from underground mines from 1952 to 1982.
- The Group had an aircraft that they used to go fishing on Vancouver Island that was written off as a business expensive. Their accountants said “this must change and you must find some kind of exploration activity to justify owning an aircraft”.
- their geologist, Roy Jones, said that he had heard that aircraft equipped with an onboard Geiger counter can detect radioactivity from the air
- Geophysical airborne surveys were an uncommon mineral exploration tool at that time. Airborne magnetic surveys were used to detect German submarines off the US coast during World War II but not commonly used in mineral exploration until years later.
- Gulf optioned five Dynamic Group Exploration permits and proceeded to follow up on 34 high priority radioactive anomalies.
- Drilling commenced in the summer of 1968 and anomalies on the west edge of Wollaston Lake led to the discovery of the Rabbit Lake deposit
- In 1968, once the rumours of the Gulf discovery was made known, the seven public companies of the Dynamic Group soared and a staking rush to acquire permits and claim blocks reached historic highs totalling some 120,000 km2 by over 50 companies
- the Saskatchewan Mining Development Corporation (SMDC) was formed to later merge with Eldorado Nuclear Ltd. in 1988 to form Cameco Corp

- Cameco and partners discovered the McArthur River and Cigar Lake high-grade uranium deposits that went into production in 1999 and 2014,



Disclaimer: This communication is for information purposes only not an investment recommendation.

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