Other Projects

Typhoon is located ~20 km south of Fission’s PLS project and consists of three contiguous mineral claims totaling 3,867 hectares. It is 100% owned by Fission. The property is 35 km south-southwest of the Athabasca Basin and straddles the northeast edge of the Western Canadian Sedimentary Basin (WCSB). In the project area, the WCSB is underlain by metamorphosed crystalline basement rocks belonging to the Taltson Domain, which are the same rocks that host the Triple R deposit on the PLS project to the north.

In 1969 a regional scale airborne radiometric survey covered the project area, and a combined airborne electromagnetic and magnetic survey followed by lake sediment, soil, water and radon sampling was undertaken in 2013. The electromagnetic survey in 2013 identified three multi-kilometer long conductor trends northeast of Typhoon, interpreted to be graphitic fault zones. The Company believes that these conductor trends extend through the Typhoon project but have been geophysically masked by the WCSB cover rocks and therefore never historically drill tested. Due to the limited amount of historical exploration on the project, including a complete lack of drill testing despite a similar geological setting and proximity to a number of significant uranium deposits, the Company views Typhoon as a highly prospective greenfield uranium exploration project.

Corsair is located 110 km east-southeast of Fission’s PLS project, in northwest Saskatchewan and consists of three groups of non-contiguous mineral claims, termed the north, central and south groups, totaling 3,481 hectares. It is 100% owned by Fission. The north, central and south claim groups comprising Corsair are located within, straddling the margin of, and 2.6 km south of the Athabasca Basin, respectively. The maximum depth to the unconformity at Corsair is expected to be 500m in the north claim group, grading to 0 m in the south claim group where crystalline basement rocks are intermittently exposed on surface. Corsair is located strategically between two major, northeast trending structural features in northern Saskatchewan; the Virgin River Shear Zone (VRSZ) to the west and the Cable Bay Shear Zone (CBSZ) to the east. The VRSZ hosts Cameco Corporation’s Dufferin Lake uranium zone (notable intercepts include drillhole SW-019, 1.73% U3O8 over 6.5m) and nearby Centennial uranium deposit (notable intercepts include drillhole VR31-W3, 8.8% U3O8 over 34.0m), which are located 11 km west and 15 km west of the Corsair project, respectively. The Corsair claim groups overlie a series of northwest trending electromagnetic conductors defined by previous operators, interpreted to be graphitic linkage faults in the basement rock between the VRSZ and CBSZ.

Uranium exploration has occurred around the Corsair claim groups since the late-1960’s, which was focused primarily near the VRSZ and CBSZ, not on the linkage faults in-between. Only one historical drillhole from 1979 is located within the current Corsair property boundaries, CHY-002, which targeted an electromagnetic conductor located in the south claim block and was terminated in graphitic rocks at a depth of 111.0m. The Company believes that the graphitic linkage faults, and their interpreted genetic relationship to the two major shear zones in the Corsair area, one of which is host to multiple zones of uranium mineralization, are prospective locations for additional discoveries.

Merlin is located in the eastern Athabasca Basin, 36 km west of Cameco Corporation’s Key Lake uranium mill, and is comprised of one mineral claim totaling 808 hectares. It is 100% owned by Fission. Historical drilling in the area suggests that the depth to the Athabasca Basin-crystalline basement unconformity is expected to be up to 270m vertically from surface. In the northeast corner of Merlin, a 1.1 km long stretch of an electromagnetic conductor trend, interpreted to be a graphitic fault zone, extends from the east into the project area.

Historical drilling in 1981 by the Saskatchewan Mining Development Corporation (SMDC) along this electromagnetic conductor, 50m east of the Merlin claim boundary, intersected anomalous uranium concentrations in drillhole SM79-1, up to 0.015% U3O8. The anomalous uranium concentrations are hosted in weakly bleached, chlorite and clay altered basement rocks directly below the unconformity at a depth of 250.89m. SM79-1 follow-up drilling by SMDC consisted of a fence of three 60m spaced vertical drillholes across the electromagnetic conductor trend. The Company considers this follow-up drilling to have been too widely spaced to have appropriately tested for additional uranium mineralization around drillhole SM79-1, and the mineralized conductor trend where it continues into Merlin is considered highly prospective.

Seahawk is located in northeast Saskatchewan, ~33 km southeast of the Athabasca Basin and is comprised of 18 non-contiguous mineral claims totaling 6,293 hectares. It is 100% owned by Fission. Seahawk overlies a 29 km long stretch of the Needle Falls Shear Zone (NFSZ), which is a major, northeast trending fault system extending for over 350 km across eastern Saskatchewan. Rocks comprising the NFSZ belong to the Wollaston Domain and consist of graphitic gneiss, silicified gneiss and mylonite to cataclasite, which are all common host lithologies found in basement hosted, unconformity-associated high-grade uranium deposits. Numerous north-south trending faults, interpreted to be part of the Tabbernor Fault System crosscut the NFSZ, creating highly prospective litho-structural settings to host uranium mineralization.

JNR Resources Inc. drilled along the VRSZ within the Seahawk project boundary in 2007 with drillholes PL-001 and 002. Drillhole PL-001 intersected 9m of faulted and sheared graphitic gneiss and was lost due to bad ground conditions at 59.0m. Anomalous uranium pathfinder element concentrations were discovered in the graphitic fault zone, returning 135 ppm cobalt, 327 ppm nickel, 398 ppm zinc and 73.5 ppm molybdenum. Drillhole PL-002 was a re-drill of PL-001 and intersected 39m of graphitic gneiss with two discreet fault zones. Other significant historical work at Seahawk includes the RG-6-3B and RG-6-4B boulders, which are radioactive boulders discovered during surface prospecting in 1978, returning up to 0.09% U3O8. Historical interpretation of the RG-6-3B boulder suggests that it was locally derived. Four additional radioactive boulder trains, totaling over 9 km in length, occur in the down-ice direction from Seahawk, outside of the project boundaries, including the Pendleton Lake boulder train where samples 9-RG-022 and 9-BV-009 returned 7.17 and 5.79% U3O8, respectively. The source of these uranium bearing boulders has never been conclusively determined. The Company believes the intersections between the NFSZ and Tabbernor fault system, up-ice direction of numerous uranium bearing boulder trains with no identified source and limited historical exploration work creates a compelling greenfield exploration project at Seahawk. 

The highly prospective property covers both the margin and near margin western side of the Carswell Structure, in the Western Athabasca Basin district. The Carswell Impact Structure is a large, circular shaped section measuring ~18km in diameter, comprised primarily of the basement rock that underlies the Athabasca Basin sandstone formations. A major geologic tectonic event, possibly related to a meteorite impact, resulted in the basement rock of the Carswell Structure being quickly thrust upwards for several hundred meters through the overlying Athabasca sandstones. The Carswell Structure is tectonically complex, with a number of ring faults surrounding the margin of the structure and a series of linear faults perpendicular to the ring faults within the basement structure, often expressing themselves as discrete Electromagnetic “EM” conductors. High grade Athabasca Basin related uranium deposits are often associated with EM fault conductors, within hydrothermal altered rock, in a setting similar to the West Cluff property.

The major past producing Cluff Lake Mine (over 62 million pounds of uranium produced) is located on the southern edge of the Carswell Structure in a tectonically complex environment, similar to that interpreted on the West Cluff property and is within 3km of the property.

Staking Highlights

• 11,148-hectare property in the re-emerging Western Athabasca Basin uranium district
• Uranium mineralization encountered during prior exploration
• Less than 3km west of past producing Cluff Lake mine 250km north of the town of La Loche
• Large databank of results from prior surveys, ground prospecting and reconnaissance drilling
• Less than 3km west of past producing Cluff Lake mine 250km north of the town of La Loche
• All season access via government-maintained Highway 955

958.6 hectare property in the eastern Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located 5 km south of Cameco’s La Rocque Uranium Zone and 10 km south of IsoEnergy’s Hurricane uranium deposit.