Exploring for Uranium in Saskatchewan’s Athabasca Basin
Fission 3.0 Corp (TSXV:FUU; OTCQB:FISOF) is a uranium project generator and property bank focused primarily on the Athabasca region in Saskatchewan, Canada. Within the region—known for being the largest producing district of high-grade uranium in the world and for hosting numerous current and past-producing uranium deposits—Fission 3.0 owns 20 properties with high-grade uranium potential. These strategically-located properties are at various stages of exploration and are distributed across the border of the basin.
Fission 3.0 has conducted an exploration program across seven of its Athabasca basin properties which included airborne and ground geophysical surveys. Results from this program have proven positive in identifying EM conductors on the properties, which will aid in determining target areas for the planned drill program in the 2017 to 2018 winter. EM conductors are prospective for hosting high-grade uranium in the Athabasca Basin and on one particular project—the Midas property in the Beaverlodge area—uranium samples taken from boulders returned assays of up to 11.9 percent U3O8.
In addition to its Athabasca land package, Fission 3.0 owns a highly-prospective property in the emerging uranium district of Macusani, in Peru. The district is located in a mining-friendly jurisdiction and hosts a number of uranium and lithium land deposits. The Fission team were amongst the first to stake land for uranium exploration in the region and, in 2017, the company conducted three separate exploration programs including a sixteen-hole drilling program across two target areas. Thirteen of the holes intersected uranium near and at surface. The drill program also encountered lithium. Fission 3.0’s Macusani project is on trend with Plateau Uranium’s shallow-depth uranium and lithium deposits.
Fission 3.0 Corp Highlights
- Highly prospective property portfolio in Athabasca Basin in Saskatchewan
- Properties nearby uranium deposits including McArthur River and Triple R (PLS)
- Excellent management and technical team with proven experience developing the PLS project as part of Fission Uranium
- 40 percent of shares held institutionally, inclusively by JP Morgan