Athabasca Basin

PLS Area Projects

Why the area is important

The Patterson Lake area has made international headlines as an emerging major uranium district hosting large, high-grade deposits including Triple R, Arrow, Shea Creek and Cluff Lake. The discovery in 2012, of what is now the Triple R deposit, 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% U3O8. The company has commenced a 20-hole winter 2023 drill program to expand the new zone. This same team identified and staked F3 Uranium’s current property portfolio, which includes three area projects totaling 99,110 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 world class deposits in the region is poised to be the next major area of development for new uranium production.

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