East Athabasca Basin Projects

Flowerdew Lake

key highlights

LOCATION AND ACCESS

The property consists of four contiguous claims totaling 5,664 hectares covering an area that is approximately 13km by 4km in size. The property is located to the northeast along the same regional geological trend that hosts the Eagle Point and Collins Bay uranium mines. Flowerdew Lake lies above the Wollaston-Mudjatik domain transition zone, which hosts many of the major unconformity type uranium deposits in the Athabasca Basin.

UNDEREXPLORED POTENTIAL

The immediate area of the claims has little in the way of historical recorded work. Denison Mines and Amax Exploration were very active through the 1970’s to the east and south of the property. More recent work by Triex Minerals Corp. included a ground resistivity survey in 2007 that displayed significant resistivity lows interpreted to correlate with lithologic contact zones and  possible clay alteration. Airborne geophysics indicated basement formational EM conductors with evidence for cross-faulting. However, the area has never been subject to any drill testing, highlighting its untapped potential.

 

Maps

CHAIRMAN

Dev Randhawa, MBA

 

Dev Randhawa is a seasoned CEO with extensive experience in resources, mining exploration, and energy companies. As the former CEO of Fission Uranium Corp., Mr. Randhawa, along with his technical team, led the high-grade uranium discovery at PLS in 2012. Recently, Paladin Energy made an offer of $1.1 billion to buy Fission Uranium.

In 1996, Dev founded Strathmore Minerals Corp., leading it until 2008. Mr. Randhawa spun off Fission Energy Corp. in 2007, focusing on uranium exploration in Saskatchewan. He sold major assets to Denison Mines in 2013 for $85 million, creating Fission Uranium Corp.

Dev has executed significant joint ventures, including a $50 million partnership with Sumitomo (Japan) and $44mil with KEPCO (Korea). In 2016, Dev negotiated an $82 million investment in Fission from CGN Mining. He holds a BBA from Trinity Western College and an MBA from the University of British Columbia.