PATAGUAL

Patagual is the second largest of U3O8 Energy’s concessions, covering a land mass of 27 square kilometres. Patagual is the closest pedimento to conception out of Peralillo and Quilacoya, the other two properties located close to the south east of the city.

Patagual comprises nine concessions totalling 2,700 hectares, covering two areas on either side of the Bio Bio River, eight on the westerly side and one on the easterly side. Three target areas have been identified within the concessions.

Patagual North is a series of seven soil and stream sediment anomalies located along the north-west and south-east flanks of a north-east trending hill of probable structural origin.

Patagual East lies east of the Bio Bio River and is one single pedimento covering ground drained by streams carrying anomalous geochemistry and radiometrics.

Patagual South is drained by two anomalous streams, one of which carries up to 2.4 parts per million of uranium with 149 counts per second measured on the scintillometer.

Location and Accessibility

The Patagual concessions are located about 30 kilometres due south of Concepcion on dominantly the west and east sides of the Bio Bio River. A good network of primary and secondary roads, running parallel to the river, connects the city of Concepcion and the towns of El Patagual and San Juan de Collicura, which provide excellent access to the area.

Topography, Vegetation and Climate

The exploration concessions overlie rolling hills ranging in elevation to 500 meters. The hills are drained by local streams that ultimately reach the Bio Bio River. The district is dominated by a logging industry which results in a patchwork of clear-cut and reforested areas, as seen in the photograph below. The climate is moderate due to the effect of the ocean, whilst rain is a common occurrence, particularly in winter.

District Geology

The northern area is underlain by granitoids rocks of the Coastal Batholith. To the south, upper Triassic continental sedimentary rocks (shales, sandstones and conglomerates) overlie these granitoids.