- Fission Uranium (TSX:FCU) has staked four new properties in the Athabasca Basin in Saskatchewan, including Typhoon, Corsair, Merlin, and Seahawk covering more than 15,000 hectares combined
- All properties show positive, limited historical fieldwork, indicating high prospectivity for uranium exploration
- The properties are also strategically positioned near significant uranium deposits, with Typhoon located 20 kilometres south of Fission’s PLS project and Corsair near Cameco’s (TSX:CCO) Centennial uranium deposit
- Shares of Fission Uranium are unchanged at $0.94
Fission Uranium (TSX:FCU) reveals that it has staked four new properties in the Athabasca Basin region of Northern Saskatchewan, including Typhoon, Corsair, Merlin and Seahawk.
In a news release, the company highlighted that these properties, which cover more than 15,000 hectares combined, are viewed as highly prospective for uranium exploration.
“The Athabasca Basin region is home to the richest uranium ore bodies in the world,” Ross McElroy, CEO of Fission Uranium, said in a statement. “These projects have potential for hosting high-grade uranium.”
Key highlights:
- Typhoon: Located 20 kilometres south of Fission’s PLS project. Spanning 3,867-hectares, this property has historical data indicating strong potential but has seen limited exploration.
- Corsair: This 3,481-hectare property lies 110 km east-southeast of the PLS project and is situated near significant uranium deposits, with historical drilling showing potential for additional discoveries.
- Seahawk: Spanning 6,293 hectares, Seahawk is positioned 33 km southeast of the Athabasca Basin and features geological structures conducive to high-grade uranium deposits.
Fission plans to advance exploration efforts on these new properties, aiming to leverage historical data and explore under-tested areas.
With headquarters out of Kelowna, B.C., Fission Uranium is the 100 per cent owner of the Patterson Lake South uranium property. Its Patterson Lake South project, which is host to the Triple R deposit, a large, high-grade and near-surface uranium deposit.
Shares of Fission Uranium (TSX:FCU) are unchanged at $0.94.
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