Patterson Lake Area Projects

Clearwater West

key highlights

LOCATION AND ACCESS

The Clearwater West property is located 13km to the south of Fission Uranium’s Triple R deposit and NexGen Energy’s Arrow Deposit and 35km south of F3 Uranium’s JR zone. Clearwater West consists of three contiguous mineral claims with a total area of 11,786 hectares and lies near the same broad conductor trend as the high-grade PLS Triple R uranium discovery. Clearwater West straddles Highway 955 and allows for easy year-round access.

GEOPHYSICS

Airborne geophysics programs were conducted in late 2013 and early 2014 consisting of property-scale VTEM airborne magnetic/electromagnetic and high-resolution airborne magnetic/radiometric. In 2015, a ground geophysics program included DC Resistivity and Small Moving Loop Time Domain EM. Geophysics on the property yielded multiple conductor responses consisting of numerous predominantly NE-SW strike direction trends. Three high priority areas were selected that show significant changes in conductor strike directions indicating possible cross structures.

DRILLING

In Summer of 2024, 6 drillholes were completed, totaling 1,317.8m as part of a Joint venture with SKRR. Of the 6 drillholes completed, three drillholes were able to define a conductive target. Drillholes CWW24-006 and CWW24-007 intersected fault breccia with a graphite and sulphide rich matrix while Drillhole CWW24-009 intersected four graphitic and sulfide rich shear zones. Additionally, drillhole CWW24-009 intersected anomalous radioactivity, with a max of 410 CPS at both 152.5 m to 153 m and 159.5 m to 160 m. The summer 2024 drill program followed up on historic geophysics and a 2015 a three-hole drill program which intersected graphitic-sulphide gneisses, structural disruption and hydrothermal alteration. Radioactivity up to 410 CPS was detected in hole CWW15-003. CWW15-001 also displayed minor dravite alteration within a graphitic fault.

Uranium Exploration Potential

Most recently a drill program was completed in the summer of 2024 in which multiple holes intersected graphitic and sulfide rich structures, including CWW24-009 which intersected multiple graphite structural zones and also anomalous radioactivity, the second hole on the property to display radioactivity after CWW15-003 also intersected weak radioactivity in 2015. Between limited drilling in 2015 and 2024 multiple conductors have been defined based on geophysics conducted from 2013-2015 which yielded multiple conductor responses consisting of numerous predominantly NE-SW strike direction trends and resulted in a large number of target areas, some of which are yet to be drill tested.  

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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.