The JR Zone was discovered by F3 Uranium in fall 2022 on the PLN property, showcasing high-grade uraninite mineralization with drill hole PLN22-035 revealing off-scale radioactivity and assays up to 59.2% U3O8.
A 21-hole follow-up drill program in winter 2023 reported significant findings, including a drill hole (PLN23-060) with a 14.5m interval averaging 9.4% U3O8, and a portion of that interval with an ultra-high-grade 5.0m at 26.7% U3O8.
Continued exploration with a 30-hole drill program starting June 8th, 2023, further expanded the JR Zone, indicating the presence of significant uranium deposits near the Athabasca Basin, with the PLN property fully owned by F3 Uranium.
A new uranium discovery was made on November 20, 2022 at the A1 conductor in hole PLN22-035 (Press release). It is located approximately 25km NW of the Fission Uranium Corp. Triple R deposit and Nexgen’s Arrow uranium deposits, 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. In early July 2023, F3 sub-divided the legacy PLN Property into 3 distinct properties; PLN, Minto, and Broach. The PLN project consists of 2 mineral claims covering a total of 4,074ha 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 legacy 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 legacy PLN property.
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 (Press release). During Nov 2014 a borehole EM survey confirmed an EM conductor off-hole of drill hole PLN14-020.
In fall 2022 drilling commenced for a small drill program targeting the A1 conductor. PLN22-035 intersected off-scale radioactivity (>65,535cps) discovering the JR zone. Since the fall of 2022 follow up drilling has expanded the JR zone discovery along a strike length of more than 156m (Press release).
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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.
