PLN AREA PROJECTS

Minto

key highlights

LOCATION AND ACCESS

The Minto property is located directly north of the JR zone discovery at PLN. In early July, F3 Uranium redefined the boundaries of the PLN Property, splitting it into three distinct areas: PLN, Minto, and Broach streamlining exploration efforts across these newly defined properties to maximize their potential. The Minto property is easily accessible year-round via Highway 955 which runs directly up the center of the property.

GEOPHYSICS

A 2013 summer/fall geophysical program consisting of a VTEM Max airborne electromagnetic survey, time-domain electromagnetic (TDEM) and magnetotellurics (MT) ground geophysical surveying successfully discovered and outlined an eight-km long north-south trending package of conductive basement rocks. The N Conductor is defined by multiple parallel basement EM conductors, and the overlying low resistivity zone in the lower part of the Athabasca sandstone.

DRILLING

One drill hole was completed on the Minto property in winter 2022 targeting the previously untested N conductor outlined by the 2013 geophysics. PLN22-029 intersected multiple strongly graphitic basement structures within a 91m interval of core. Broken sections of core display cataclastic and mylonitic textures indicative of brittle and ductile deformation. PLN23-029 intersected weakly anomalous radioactivity of 300cps (RS-125 Handheld Scintillometer) at 783.8m. Highly anomalous boron was intersected throughout much of the sandstone, with samples indicating up to 1,780ppm.

Uranium Exploration Potential

Located directly north of the JR zone discovery and 28 km south of the Shea Creek deposit. Geophysical programs have outlined an eight-km long north-south trending package of conductors as well as a resistivity low anomaly withing the Athabasca sandstone above the conductive package. Multiple interpreted EM conductors on the property remain untested. The single drill hole completed on the property returned highly anomalous Boron withing the sandstone and the underlying basement displayed multiple graphitic brittle and ductile zones as well as weakly anomalous radiation, further highlighting the areas exploration potential.

Maps

CHAIRMAN, CEO, DIRECTOR​

Dev Randhawa, MBA

 

Dev Randhawa is a seasoned CEO with extensive experience in resources, mining exploration, and energy companies. As the former CEO of Fission Uranium Corp., Mr. Randhawa, along with his technical team, led the high-grade uranium discovery at PLS in 2012. Recently, Paladin Energy made an offer of $1.1 billion to buy Fission Uranium.

In 1996, Dev founded Strathmore Minerals Corp., leading it until 2008. Mr. Randhawa spun off Fission Energy Corp. in 2007, focusing on uranium exploration in Saskatchewan. He sold major assets to Denison Mines in 2013 for $85 million, creating Fission Uranium Corp.

Dev has executed significant joint ventures, including a $50 million partnership with Sumitomo (Japan) and $44mil with KEPCO (Korea). In 2016, Dev negotiated an $82 million investment in Fission from CGN Mining. He holds a BBA from Trinity Western College and an MBA from the University of British Columbia.