PLS is located in the Athabasca Basin, in Saskatchewan, Canada, home to the world’s richest uranium mines. The project hosts the Triple R deposit – the regions largest high-grade deposit at shallow depth and is accessible via all-weather Highway 955 which continues north through the area of the UEX-AREVA Shea Creek deposits to the past producing Cluff Lake uranium mine. Fission has published a Feasibility Study outlining the potential for the Triple R to become one of the lowest cost uranium mines in the world. The Company is ideally positioned to continue developing PLS through environmental assessment and licensing phase.
As showcased by the Triple R deposit, mineralization at the project is characterized by being high-grade and shallow. In fact, the Triple R deposit is the only high-grade deposit in the entire Athabasca Basin region with substantial high-grade mineralization starting just 50m from surface. The deposit, which is part of a 3.18 km mineralized trend at PLS, remains open in several directions. All zones within the deposit have the potential to add to the resource estimate.
Mineral Resources & Reserves are reported at a cut-off grade of 0.25%.
Fission Uranium has 100% ownership of the PLS Property, which comprises 17 mineral claims totaling 31,039 ha located on the southwest margin of the Athabasca Basin. The property is accessible by all-weather Highway 955 which continues north through the area of the UEX-AREVA Shea Creek deposits to the past producing Cluff Lake uranium mine.
The province of Saskatchewan in Canada has a 60 year history of uranium mining and strong support exists at a local, regional and provincial level. Permitting is straight-forward and well-understood.
Mineral Resources are reported at a cut-off grade of 0.25%.