US miner Titan Uranium has started its summer 2009 drilling programme at the uranium Border Block project, located in the south-west area of the Athabasca Basin in Canada.
The project is subject to a Letter of Agreement between Titan and Japan Oil, Gas and Metals National Corporation (JOGMEC) under which JOGMEC can earn a 50% stake in the project by investing C$6m in exploration over four years.
As of 31 March 2009, JOGMEC has invested C$1.5m in the project, Titan said.
The company has planned a minimum of 1,500m of diamond drilling on the project aimed at testing prospective targets identified by recent time-domain electromagnetic surveys.
The project covers 188,675 acres and is known to contain basement rocks capable of hosting uranium mineralisation, Titan said.