Kallsedet Project

Ownership: 100% Aura
Location: near Kallsedet, Sweden, close to the Norwegian border
Coverage Area: 147 km²
Assay Test Results: Average of 100 to 233 ppm U₃O₈
Status: Evaluating results of 2011 drilling programme

Aura’s wholly owned Kallsedet Project covers 147km² near Kallsedet, close to the Norwegian border. Kallsedet was explored by the Swedish government in the 1970s, when they found good grades of uranium, although at lesser thicknesses than at Häggån.

Aura anticipates that a large proportion of its permits are underlain by the Alum Shale. In addition, fieldwork in the area has identified a number of radiometrically anomalous zones corresponding with the position of the Alum Shale. The company is highly encouraged by the consistent values obtained from surface rock-chip sampling. Research has shown that parts of the shale are relatively high grade.

For example, one sample collected by the Swedish Geological Survey contained 304 ppm U₃O₈, and one sample collected by Aura contained 233 ppm U₃O₈. In addition, 19 out of 81 samples contained greater than 100ppm U₃O₈, despite surface leaching. Surface radioactivity is at a level above that found in the Storsjön Project area. The shale contains no calcite veining, which may enhance metal extraction.

Aura’s latest 2011 four-hole diamond drilling programme over 419 metres returned promising results, revealing thick, mineralised intersections varying from 12 metres to 98 metres in cumulative thickness. The results confirmed the widespread occurrence of uraniferous shale in the Project Area and the potential for Aura to establish another significant deposit in Sweden.

Results included one drill hole that intersected 60m at 144 ppm U₃O₈ including 6m at 224 ppm U₃O₈ confirming the potential, for thick, higher grade zones of mineralisation within the licence areas.