Duddridge Lake, Saskatchewan

The Duddridge Lake Property is situated along the eastern margins of the Wollaston Basement Domain, which underlies a number of significant uranium occurrences in the eastern part of the Athabasca Basin, Saskatchewan. These include some of the richest uranium deposits known world wide, including: Key Lake, Millennium, McArthur River, Cigar Lake, Midwest Lake and Eagle Point. The McArthur River, Millennium and Eagle Point uranium deposits contain significant amounts of 'basement-hosted' uranium mineralization similar to Duddridge Lake. In 1974-75, Noranda Exploration began an exploration drill program and completed more than 30 holes

In 2007, Fission completed a NI 43-101 compliant resource calculation for the Duddridge Lake Uranium Deposit. It identified an inferred mineral resource totaling approximately 460,000 lbs, based on 215,016 tonnes at an average grade of 0.107% U 3O 8, (Fraser 2007).

 A VTEM airborne survey was conducted in 2006, followed by basal till sampling, surface sampling and mapping programs. In 2007, the project was joint ventured with Great Bear Uranium Corp, who obtained the option to earn a 60% interest in the Duddridge Lake Property from Fission Energy Corp. by making certain cash payments, and expending $6 million on exploration over 5-years.

In 2008, a first phase 660m drill program confirmed previous historic drilling results and the shallow nature of the Duddridge Lake mineralization. Further drilling will be necessary in order to expand the current resource as well as test the deposits extensions to the north and at depth. Fission and Great Bear recently agreed to extend all the remaining exploration commitments by one year as follows:

Duddridge Lake claims Click to Enlarge