Projects

A new uranium discovery was made on November 20, 2022 at the A1 conductor in hole PLN22-035. It is located approximately 25km NW of the Fission Uranium Corp Triple R deposit an Nexgen’s Arrow world class uranium deposits and in the south-western edge of the Athabasca Basin which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. The PLN project consists of 38 mineral claims covering totaling 39,946 ha and is 100% owned by F3 Uranium Corp..

In December 2007, a MEGATEM airborne magnetic and EM survey was completed over the southern half of the PLN property. Results from this survey were compiled with earlier surveys, and new targets associated with a large interpreted structure located along the flank of an electromagnetic anomaly were identified. During the 2007-2008 winter season, a 6-hole, 2,796m drill program to follow-up earlier drilling and test the new target area was completed.

During 2012 ground electromagnetic and resistivity surveys were performed to better delineate conductors interpreted from earlier airborne surveys, and to search for resistivity signatures that are associated with alteration in the subsurface. A summer prospecting and sampling program concentrated on ground and airborne electromagnetic conductors. A detailed airborne radiometric and magnetic survey covered areas of interest in the southern part of the property.

A 2013 summer/fall geophysical program budgeted at $0.53 million consisted of a VTEM Max airborne electromagnetic survey conducted over the northern half of the property, time-domain electromagnetic (TDEM) and magnetotellurics (MT) ground geophysical surveying, prospecting, rock and soil sampling, and relogging historical drill core. The airborne EM survey successfully discovered and outlined an eight-km long north-south trending package of conductive basement rocks.

A 2014 winter exploration program budgeted at $1.0 million consisted of 7 drill holes totaling 1,988 metres, ground geophysical surveying and radon sampling. Drilling encountered a lithological setting with structural complexity similar to that of the primary conductor at Fission Uranium's PLS project.

A subsequent 2014 summer exploration program comprised 2,130m of drilling in six holes, along with 95.2 km of DC Resistivity surveying. Drill hole PLN14-019, targeting the A1 conductor, returned 0.047% U₃O₈ over 0.5m. During Nov 2014 a borehole EM survey confirmed an EM conductor off-hole of drill hole PLN14-020.