Fission 3.0 Survey to Target Area with High-Grade Outcrops at Beaver River

Fission 3.0 (TSXV:FUU) has announced that due to a  number of prospective areas identified, it will be conducting an airbrne Versatile Time Domain Electromagnetic survey at its Beaver River project located in the north-central edge of the Athabasca Basin in Saskatchewan.
As quoted in the press release:

The property is host to numerous electro-magnetic (EM) basement conductors and several uranium showings, including historic surface outcrop sample assays of up to 3.66% U₃O₈. In addition, historic investigations have identified mineralization over a strike length of 137m with select samples assaying up to 1.77% U₃O₈across 0.9m width. Fission 3.0 considers Beaver River to be highly prospective and will use the VTEM survey to follow up a previous airborne survey conducted by the company that discovered several areas of interest and highlighted numerous anomalous radioactive readings.

Ross McElroy, COO, said:

The Beaver River project is situated in the Beaverlodge district, to the northwest of the Athabasca Basin. The Beaverlodge district is home to Saskatchewan’s early uranium producing mines in the 1950’s and 1960’s. The project is host to many basement EM conductors, and a number of historic high-grade uranium showings in outcrops, including the Mathews Lake showing where assays revealed anomalous uranium mineralization over a strike length of approximately 137m, including values of 1.77% U₃O₈across 3 ft (0.9 m). In many ways, Fission 3’s technical team views the project as analogous to Fission Uranium’s PLS project located on the southwest side of the Athabasca Basin. Both represent largely underexplored areas where highly prospective basement conductors are associated with uranium mineralization.

Click here to read the full press release.