In 2013, a $0.53 million geophysical program included an airborne electromagnetic survey, ground surveys, prospecting, and sampling on the property’s northern half. This effort identified an eight-kilometer conductive basement formation.
Winter 2022 drilling on the Minto property targeted an unexplored conductor, revealing a structural corridor with signs of shearing and faulting, anomalous radioactivity, and high boron levels in a significant core interval.
F3 divided the PLN Property into PLN, Minto, and Broach in July 2023, streamlining exploration efforts across these newly defined properties to maximize their potential.
Located directly north of the JR zone discovery and 28km south of the Shea Creek deposit.
PLN22-029 intersected multiple strongly graphitic basement structures within a 91m interval of core. Broken sections of core display cataclastic and mylonitic textures indicative of brittle and ductile deformation. PLN23-029 intersected weakly anomalous radioactivity of 300cps (RS-125 Handheld Scintillometer) at 783.8m. Highly anomalous boron of 1780ppm intersected in the sandstone.
Multiple interpreted EM conductors on the property remain untested.
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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.