PLN AREA PROJECTS

Wales Lake East

key highlights

Proximity and property

The Wales Lake East Property features 11 claims over 13,256 hectares near Highway 955, southwest of the Athabasca Basin and close to Fission Uranium’s Triple R deposit. It’s expected to have basement-hosted uranium mineralization.

advanced survey methods

A comprehensive airborne geophysical survey in July 2017 covered 1,569 km across the property, using advanced sensors to map out the terrain and identify potential areas for future exploration.

future exploration

The survey revealed over 258 km of conductive zones, indicating complex networks of conductors with areas of high conductivity, multiple parallel conductors, and various structural features like offsets and terminations, guiding future exploration directions.

Uranium Potential

The Wales Lake East Property comprises 11 claims covering 13,256 ha. The property is located just west of Highway 955, outside the south-west margin of the Athabasca Basin approximately 25km southwest of Fission Uranium’s flagship Triple R uranium deposit and occupies the same stratigraphic position within the Clearwater Domain. The model of mineralization expected on the Wales Lake East Property is analogous to basement-hosted uranium mineralization.

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.