Fission Energy Corp.


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20-Nov-08
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In December of 2004, thirteen Mineral Prospecting Permits (MPP) were acquired in northern Saskatchewan. The permits, which are referred to as the Davy Lake Property, are situated within the north-central part of the Athabasca Basin, southeast of Lake Athabasca. In December of 2005 Mineral Claim S-108571 located adjacent to MPP 1193 and 1198 was added. Mineral Prospecting Permits (MPP) 1193 to 1205 and Mineral Claim S-108571 are located approximately 80 km south of Stony Rapids, Saskatchewan, within the Athabasca Basin.

The property has recently been reduced and staked into claims.

Due to the large amount of lakes and streams, helicopters or fixed-wing aircrafts provide excellent access throughout the property area.
Currently, there are no access roads on the property. The Cluff Lake Mine Road 955 comes to within about 50 km to the west of the permits. Winter road 905, which leads from Points North Landing north to Stony Rapids, comes within 40 km north of the permits. A temporary work camp was constructed near the centre of MPP 1197 to act as accommodations for the ground exploration. The camp was supplied regularly via fixed wing aircraft out of Buffalo Narrows. A helicopter was based out of camp and was utilized for mobilizing the various crews and to provide access to the rest of the property for the ground exploration. At present there are no facilities or infrastructure on the Davy Lake permit area. The majority of supplies and services are available in Uranium City, Stony Rapids, Buffalo Narrows in Saskatchewan or Fort McMurray, Alberta.

Ground exploration was undertaken by Dahrouge Geological Consulting Ltd. (Dahrouge) from July 18th to August 18th and from August 26th to October 1st, 2006. The exploration consisted of boulder, outcrop and soil sampling, scintillometer surveying and 152.5 km of line-cutting in preparation of forthcoming ground geophysics. In September 2006, AMT/MT soundings were completed over portions of MPP 1196, 1197 and 1200. The objective was to assess techniques for locating deep seeded conductors along with profiling the depth to the unconformity. In November 2006, a VTEM electromagnetic survey over portions of MPP 1193, 1197, 1198 and 1205. The intent of the survey was to provide in-fill data and further map conductive horizons at depth near the sub-Athabasca unconformity. A regional ground gravity survey was completed during December 8th to 12th 2006, and covered portions of MPP 1193, 1196 - 1198, 1200, 1201 and 1205. The survey's intent was to provide in-fill data over previous more regional government surveys as well as to map structure etc. In May of 2007, a MEGATEM survey over MPP 1204 was performed. The intent of the survey was to provide in-fill data over the previous MEGATEM survey flown in 2005 in order to further delineate conductor targets near the unconformity.

Historic exploration of the Davy Lake area has been of a reconnaissance scale in nature, with the earliest work beginning in about 1968. The 1968-69 exploration consisted of airborne radiometric surveys and air-photo studies. In 1969, Nahanni Mines Ltd. and More Mines Ltd. drilled a hole at the northwest shore of Atchison Lake (MPP 1194). The hole was terminated at a depth of 399 meters below the surface due to mechanical failure, and did not reach the basement unconformity. The hole ended in the Locker Lake Formation (Ramaekers, 1980). The second wave of exploration occurred between 1978 and 1981, using more modern geophysical exploration techniques and detailed ground surveys became common. In 1978-80, E&B Explorations Ltd. conducted two exploration programs near the Davy Lake project. They consisted of ground reconnaissance sampling and mapping; and airborne EM, magnetic and radiometric surveys. These were followed by ground gravity, magnetic, VLF-EM, turam, and Max-Min surveys. At the south end of the Davy Lake permits Norcen Energy Resources Ltd. conducted EM, magnetic and radiometric surveys, followed up by a ground lake water and sediment sampling program.

During the late 1970's the north end of the Davy Lake permits were explored by SMDC, with ground sampling, seismic reflection, pilot magnetotelluric, airborne VLF-EM and gravity surveys. One drillhole, at the northeast corner of MPP 1193, intersected the basal unconformity at 853 meters below surface, with no indications of uranium mineralization. Seru Nucliare Ltd. conducted programs of lake/stream sampling; and airborne electromagnetic and radiometric surveys. AGIP Canada Ltd. conducted sampling programs as well as ground and airborne geophysical surveys. Most recently, Uranerz Exploration and Cogema Resources conducted airborne GEOTEM electromagnetic surveys at the very edge of the property. Cogema followed up with a ground TDEM magnetic gravity survey.

The depth to the basement unconformity in much of the Davy Lake project has been poorly constrained by previous investigations. Recent interpretations suggest a variable basement topography consisting of troughs and regional highs that may bring the unconformity closer to the surface (Ramaekers, 2004). Interpretation of regional aeromagnetic data indicates several major through-going structures that define boundaries of the basement domains. The area is underlain at depth by the Clearwater, Western Granulite and Tanto domains.


Davy Lake claims and geology
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Davy Lake aerial view
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Fault Scarp NW of Main Conductive Zone
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