![]() The former Cluff Lake mine and the UEX-Areva Shea Creek deposits (42 km and 27 km to the north respectively) lie along the western margin of this structural feature. PLN lies within a large basin scale north-east trending gravity low structural corridor coincident with the Clearwater Domain (granite and felsic gneisses) that also incorporates the adjacent PLS property. Proper interpretation of these survey results can be used to effectively target drill holes. Modern geophysical surveys are capable of distinguishing and identifying lithology, structural features and alteration zones. These lithological-structural corridors can be prospective for hosting high grade uranium deposits. High grade uranium occurrences in the Athabasca Basin generally occur within basement metapelitic lithology associated with structural disruptions / traps and hydrothermal alteration. Results from the TDEM surveys are expected to provide sufficient resolution for targeting drill holes. In addition, a single line 6.3 line-km ground based magnetotellurics survey is planned as a follow-up to the airborne survey.īoth large loop and small loop time domain electromagnetic (TDEM) surveys are planned for the southern part of the property to cover a number of highly prospective EM conductors that have been identified within an interpreted structurally complex area. The VTEM max survey is designed to provide high resolution to anomalous conductive areas of interest identified from a previous airborne magnetic-electromagnetic survey. This leads us to consider the PLN property highly prospective.“Īeroquest Airborne of Aurora Ontario has been contracted to conduct a 400m line-spaced VTEM max survey for a total of 303 line-km, to cover the northern half of the property. The PLN property is strategically located between the PLS high grade uranium discovery to the south and the Shea Creek deposits to the north. „The goal of the summer program is to more closely explore specific areas of interest and identify drill targets. Ross McElroy, President, COO, and Chief Geologist for Fission, commented, To date, $4.7m has been spent at PLN, principally on airborne and ground geophysics. PLN is immediately adjacent to Fission-s joint venture PLS property (Fission 50% / Alpha 50) and 5.7km north of where Fission has discovered high-grade uranium in bedrock in three separate pods. The surveys will assist in identifying and prioritizing drill targets for the anticipated 2014 winter program. The program, budgeted at $0.53m and expected to commence early August, will consist of airborne VTEM max and ground Time Domain Electromagnetic (TDEM) and Magnetotellurics (MT) geophysics surveys. (TSX VENTURE: AAZ), are pleased to announce an update for their summer exploration plan at Patterson Lake („PLN“) in the Athabasca Basin. ![]() ![]() („Fission“ or „the Company“) (TSX VENTURE: FCU) (OTCQX: FCUUF) (FRANKFURT: 2FU) the Operator, and its Joint Venture partner Azincourt Uranium Inc. KELOWNA, BRITISH COLUMBIA - (Marketwired) - 07/22/13 - FISSION URANIUM CORP. In Mining & Metals / by Presse / on Jat 5:00 pm / ![]()
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