Athabasca Basin

PLN Area Projects

Why the area is important

The Patterson Lake area (Southwest Athabasca region) has made headlines as an emerging uranium district hosting large, high-grade deposits including Triple R, Arrow, Shea Creek and Cluff Lake. The discovery of what is now the Triple R deposit in 2012, set off a staking rush in the area followed by a level of exploration activity unseen in the Western Athabasca Basin region in forty years. In late 2022, the technical team responsible for the Triple R discovery at PLS made another high-grade uranium discovery on the PLN property, named the JR Zone. Discovery drill hole PLN22-035, intersected off-scale radioactivity (>65,535 cps) within the A1 main shear zone which assayed at 6.97% U3O8 over 15.0m, including 5.5m of 18.6% 1.0 m @ 59.2% U3O8 263.0 m to 264.0 m (Press Release). The company followed up the discovery with a 21-hole winter 2023 drill program expanding the zone 105m along strike. The JR zone remains open in all directions and at depth (Press release). This same team has identified and staked F3 Uranium’s current property portfolio, which includes seven area projects totaling 108,455 ha, each with potential to host high-grade uranium occurrences. The Patterson Lake area has excellent highway access, and by virtue of the size and quality of the deposits in the region is poised to be the next major area of development for new uranium production.

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