PLN AREA PROJECTS
Clearwater West
key highlights
Highly prospective
The Company views the property as highly prospective for uranium, anticipating shallow target depths similar to those found in the PLS and Patterson Lake properties.
promising surveys
High priority areas have been identified from recent airborne and ground geophysical surveys as promising for uranium mineralization.
Significant anomalous radioactivity
Anomalous radioactivity has been encountered in recent drilling within graphitic metapelites, and Fission Uranium Corp. reported significant anomalous radioactivity 330m north of the Clearwater West Property’s boundary.
History
Fission Energy Corp. acquired the Clearwater West property on December 18, 2012, which later joined the F3 Uranium Corp. portfolio through the Fission Uranium/Alpha Minerals agreement in December 2013. Spanning 11,786 hectares, it comprises three claims in the NE-SW magnetic low corridor, also home to the high-grade PLS uranium discovery. The property’s uranium mineralization model mirrors that of the Athabasca Basin’s unconformity deposits, typically found within hydrothermally altered, structurally influenced metasedimentary rocks that present as magnetic lows in geophysical surveys.
Exploration
In 2013-2014, a $0.7 million exploration program included VTEM and high-resolution airborne surveys, identifying key NE-SW trending conductive areas. A $30,000 prospecting project in summer 2014 involved 80 km of field traverses, yielding 14 rock samples from anomalies linked to previous VTEM findings.
A $325,000 ground geophysics program in late 2014 to early 2015 refined these conductor areas further. This groundwork paved the way for a $817,200 drilling program in summer 2015, where three of the planned seven holes were completed. These drills encountered promising geological features and one exhibited significant radioactivity.
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