Initial surveys were MaxMin Horizontal Loop. The survey was carried out by Special Projects Inc., of Calgary, AB. A low level tight drape flight pattern at 50 m line spacings was used for extremely detailed coverage. Some innovative proprietary focussed crystal arrays were used on a small fixed wing aircraft. The 2009 airborne radiometric survey was instrumental in locating the boulder field. Quaternary Snapshot Window of Opportunity 2009-2012 Airborne GeophysicsĪirborne geophysics consisted of an initial property wide radiometric and magnetic survey. Discovery Hole PLS12-22 Massive Pitchblende Figure 5. Airborne and ground geophysical surveys identified a number of prospective target areas, and drill testing resulted in the massive pitchblende discovery in November 2012 (Figures 3 and 4). The conceptual section was invaluable in planning further work and selecting targets. Follow-up prospecting and trenching with Quaternary geological analysis developed a conceptual section for potential mineralization (Figure 5). A subsequent airborne radiometric and magnetic survey was instrumental in focussing ground prospecting for radioactive boulders. A review of historical assessment reports (late 1970s) showed strong radon anomalies coincident with EM conductors 3 to 4 km west of the deposit. The initial phase of work leading to the discovery consisted of research.
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The Millennium and Roughrider deposits showed the basement is not to be ignored. Exploring outside of the basin margins is somewhat unconventional as there is no present unconformity surface, but there may have been in geological history. Cluff Lake is an anomalous occurrence and is located on the Carswell Dome, not within the Athabasca Basin. The east side of the Athabasca Basin hosts virtually all the major high grade deposits with the exception of Cluff Lake and the deep Shea Creek deposits and now the new deposits in the Patterson Lake Corridor. The sandstone environment is normally highly resistive which makes things ideal for EM detection of weaker graphitic conductors at depth. The Athabasca Basin major uranium deposits and mines (Figure 2) are generally proximal to graphitic conductors (reducing environment) and accompanied by an alteration ‘halo’ which is usually a resistive low, but can also be silicified (resistivity high). The PLS discovery has been previously documented and some content is borrowed from these presentations: 2012 Saskatoon Geological Open House, 2013 Saskatoon Geological Open House and the Fission Web Site. Patterson Lake South (PLS) and Canada’s Athabasca Basin Fission has 100% ownership of the PLS Property, which comprises 17 claims totaling 31,039 ha. Growth is driven by a highly skilled, award-winning technical team and successful entrepreneurial management. It is the only major, high-grade deposit in the region that is potentially open-pittable and is the largest mineralized trend in the region – currently standing at over 3 km in length. The deposit is accessible by all-weather Highway 955 which continues north to the UEX-AREVA Shea Creek deposit and former AREVA Cluff Lake uranium mine (Figure 1). under the symbol "FCUUF.The Triple R deposit on Fission Uranium Corporation’s Patterson Lake South (PLS) property is located in Canada’s Athabasca Basin, home to the world’s richest uranium mines. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S.
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is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the class-leading Triple R uranium deposit - and is headquartered in Kelowna, British Columbia.
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To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.įission Uranium Corp. The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S.
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View the complete 2022 OTCQX Best 50 ranking. The team is working hard to increase shareholder value and we are delighted to have been recognized by the OTCQX for our market performance." "Fission continues to make tremendous progress at our PLS project – developing an asset that has the potential to be one of the lowest operating cost uranium mines in the world. Ross McElroy, President, CEO, and Chief Geologist for Fission, commented, Companies in the 2022 OTCQX Best 50 were ranked based on their performance in 2021. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. and international companies traded on the OTCQX market. The OTCQX Best 50 is an annual ranking of the top 50 U.S.