- Fission 3.0 (FUU) has staked two new properties in Saskatchewan’s Athabasca Basin
- Both are located near the basin’s margins and are prospective to host shallow high-grade uranium mineralization
- The company now holds 16 properties in the Athabasca region totaling 212,446 hectares
- Fission 3.0 is a uranium project generator and exploration company
- Fission 3.0 (FUU) closed down by 3.64 per cent trading at $0.265 per share
Fission 3.0 (FUU) has staked two new properties in Saskatchewan’s Athabasca Basin.
Both are located near the basin’s margins and are prospective to host shallow high-grade uranium mineralization.
Grey Island claims
The property consists of 10 claims totalling 12,023 hectares. It is located 70 km northwest of the Key Lake Mill and 15 km inside the basin’s southern margin, halfway between the Key Lake Mine and Cameco’s (CCO) Centennial Uranium Deposit.
It shows several interpreted basement EM conductors within magnetic low corridors – interpreted to be structural corridors – with flanking magnetic high features believed to be granite gneiss. These are common features in hydrothermal and structure-related high-grade deposits in the basin.
The eastern part of the property contains an 8 km ground EM conductor. One historic drill hole tested this conductor and intersected strong bleaching and alteration in sandstone from 118 m to 204 m. Below the unconformity, the hole encountered a pyritic, graphitic rock with 90 per cent local graphite. Anomalous uranium values up to 2.16 ppm were reported within a 20 m section of sandstone immediately above the unconformity.
The western part of the property contains a 5 km conductor complex within a prominent magnetic low feature that remains untested.
The northernmost claims cover a magnetic low feature with an associated 5 km conductor with no known reported historic drill testing.
Flowerdew Lake claims
Flowerdew consists of four contiguous claims totalling 5,667 hectares approximately 13 km by 4 km in size. It is located along the regional geological trend to the northeast of the Rabbit Lake, Eagle Point and Collins Bay uranium mines.
In 2005, an airborne DIGHEM survey by a previous operator revealed moderate-to-strong northeast-trending electromagnetic conductors which Fission will use to target basement-hosted uranium mineralization.
The company now holds 16 properties in the Athabasca region totalling 212,446 hectares.
Fission 3.0 is a uranium project generator and exploration company.
Fission 3.0 (FUU) closed down by 3.64 per cent trading at $0.265 per share.