Canadian Mining Journal

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URANIUM: High assays from Patterson Lake area for Fusion and NexGen

SASKATCHEWAN – Both Fission Uranium of Kelowna, BC, and NexGen Energy of Vancouver are keen on finding minable uranium deposit on the southwestern edge of the Athabasca Basin near Patterson Lake. And both are being rewarded with high...



SASKATCHEWAN – Both Fission Uranium of Kelowna, BC, and NexGen Energy of Vancouver are keen on finding minable uranium deposit on the southwestern edge of the Athabasca Basin near Patterson Lake. And both are being rewarded with high assays from recent drilling.

Fission reported three new high grade holes at its Patterson Lake South (PLS) property. Hole PLS14-201 assayed 2.51% U3O8 over 12 metres, including 5.61% over 5.0 metres. A second interval in the same hole assayed 12.12% U3O8 over 27 metres, including 26.41% over 12.0 metres. Hole PLS14-213 returned 34.0 metres at 4.05% U3O8, including 11.0 metres at 11.37%. Hole PLS14-205 returned 10 metres at 2.65% U3O8, including 1.5 metre at 11.57%.

Fission president, COO and chief geologist Ross McElroy pointed out that recent results continue to expand the size and potential of the PLS property along strike. (FissionUranium.com)

Adjacent to the PLS discovery, NexGen is also enjoying high grade assays from its Rook I project. Hole AR-14-15 returned two wide, high grade intervals of mineralization – an upper grade one from about 564 to 586 metres and a lower one from about 594 to 626 metres.

The upper portion of the hole averaged 3.42% U3O8 over 22.35 metres, including 10.72% over 6.85 metres, 15.74% over 4.50 metres and 26.10% over 2.60 meters. The highest assay was 55.8% over 0.45 metres.

The lower portion of the hole averaged 1.52% U3O8 over 32.0 metres, including 10.40% over 3.15 metres. The highest assay was 43.7% over 0.35 metre.

The good results have given NexGen the confidence to increase the current drill program from 13,500 to 18,500 meters. (NexGenEnergy.ca)