Patterson Lake South, SK
Patterson Lake South, SK
On January 17, 2008, Fission Energy and ESO Uranium Corp formed the 50/50 Patterson Lake South Joint Venture. Currently the project consists of 12 mineral claims totalling 13,497 Ha. The property is accessible by all weather Highway 955, which passes through the area of the UEX-Areva Shea Creek discoveries, and continues north to the former producing Cluff Lake uranium mine(>60,000,000 lbs of U3O8).
Target depths for uranium mineralization are expected to be shallow (less than 300 meters deep) in the project area.
In December 2009, a MEGATEM Magnetic-EM airborne survey was completed for identifying ground targets for further work by the Joint Venture. A detailed radiometric and magnetometer airborne survey followed in October 2009, resulting in new staking which has added approximately 1004 hectares to the Joint Venture claim block. (See news release dated April 12, 2010). Further work will be planned following compilation of the data and full review of the results.
High Grade Uranium Boulder Field Discovery
In June 2011, field activities carried out by the Joint Venture resulted in the discovery of a high grade uranium boulder field. A total of 74 radioactive boulders were discovered, with 42 or 57% producing "off-scale" (>9,999 counts per second [cps]) radioactive readings. An additional 4 claims comprising 12,214 ha (~30,000 acres) were subsequently acquired by staking, increasing the combined land holdings to 12 claims totalling 25,450 ha (~63,000 acres).
Boulder Assay Results
Trenching, which began in October, yielded an additional 49 radioactive boulders with 19 boulders producing "off-scale "radioactive readings. With these additional results, the boulder field has now been traced for a north-south length of approximately 5km X up to 0.9km wide. The successful completion of this trenching program represents a significant step towards locating the bedrock source of this large uranium boulder field. Additional ground geophysical programs are underway, and initial drill locations have been selected that target shallow basement mineralization along the down-ice flanks of resistivity targets that may reflect hydrothermal alteration. A 10 hole, 1,000m drill program is scheduled to begin in mid-November. Drilling is expected to be completed before the end of the year. Each drill hole will be surveyed downhole for radioactivity with a Mount Sopris 2PGA-1000 Gamma/SP probe. Drill core will be split and sent to SRC Geoanalytical Laboratories for analysis. Results will be provided when available.
Target depths for uranium mineralization are expected to be shallow (less than 300 meters deep) in the project area.
In December 2009, a MEGATEM Magnetic-EM airborne survey was completed for identifying ground targets for further work by the Joint Venture. A detailed radiometric and magnetometer airborne survey followed in October 2009, resulting in new staking which has added approximately 1004 hectares to the Joint Venture claim block. (See news release dated April 12, 2010). Further work will be planned following compilation of the data and full review of the results.
High Grade Uranium Boulder Field Discovery
In June 2011, field activities carried out by the Joint Venture resulted in the discovery of a high grade uranium boulder field. A total of 74 radioactive boulders were discovered, with 42 or 57% producing "off-scale" (>9,999 counts per second [cps]) radioactive readings. An additional 4 claims comprising 12,214 ha (~30,000 acres) were subsequently acquired by staking, increasing the combined land holdings to 12 claims totalling 25,450 ha (~63,000 acres).
Boulder Assay Results
- 25 high grade boulders with grades over 10% U3O8 were reported with highest assaying at 39.6% U3O8. The largest boulder sampled assayed 25.7% U3O8.
- 23 boulders assayed 1.0% U3O8 to 10% U3O8.
Trenching, which began in October, yielded an additional 49 radioactive boulders with 19 boulders producing "off-scale "radioactive readings. With these additional results, the boulder field has now been traced for a north-south length of approximately 5km X up to 0.9km wide. The successful completion of this trenching program represents a significant step towards locating the bedrock source of this large uranium boulder field. Additional ground geophysical programs are underway, and initial drill locations have been selected that target shallow basement mineralization along the down-ice flanks of resistivity targets that may reflect hydrothermal alteration. A 10 hole, 1,000m drill program is scheduled to begin in mid-November. Drilling is expected to be completed before the end of the year. Each drill hole will be surveyed downhole for radioactivity with a Mount Sopris 2PGA-1000 Gamma/SP probe. Drill core will be split and sent to SRC Geoanalytical Laboratories for analysis. Results will be provided when available.
Patterson Lake South Location of 2011 Diamond Drill Program - Map 1
Patterson Lake South Location of 2011 Diamond Drill Program - Map 2
Map 1 PLS Trenching and Prospecting Geochem Update December 14, 2011
Map 2 Trenching and Prospecting Geochem Update December 14, 2011
Patterson Lake South 2011 Summer Radiometric Prospecting Geochemical Results with 2011-2012 Proposed Work
Patterson Lake South 2011 Summer Radiometric Prospecting Geochemical Results with 2011-2012 Proposed Work
Patterson Lake South 2011 Summer Radiometric Prospecting Program: Geochemical Results
2011 Summer Exploration Program: Radiometric Prospecting Update
Patterson Lake South claims