Patterson Lake Area Projects
Wales Lake East
key highlights
LOCATION AND ACCESS
The Wales Lake East Property features 10 claims over 10,207 hectares. Highway 955 cuts through the east side of the property. The property is located outside the south-west margin of the Athabasca Basin and approximately 20km southwest of Fission Uranium’s flagship Triple R uranium deposit.
GEOPHYSICS
In July 2017 an airborne VTEM Plus survey was conducted over the western side of the property. Areas of conductance were followed up with ground based Small Moving Loop TEM In 2018 and 2019 to refine conductivity based drill targets. Promising results from the 2017 VTEM survey led to the rest of the property being covered in 2019. There are numerous areas of enhanced conductivity including features such as complex conductor swarms , multiple parallel conductors and many offsets and termination points indicative of possible cross structures.
DRILLING
One drill hole was completed in 2018 testing ground EM conductors. Hole WL18-00 intersected nearly 15m of strong graphitic alteration within sheared gneiss. Geochemistry showed slightly increased boron up to 310ppm. No anomalous radioactivity was encountered.
Uranium Exploration Potential
An airborne geophysical survey completed in 2017 resulted in numerous areas of enhanced conductivity, multiple parallel conductors, and various structural features like offsets and termination points as potential targets for future exploration. Follow up ground geophysics in 2018 and 2019 further constrained conductor targets. Targets identified by the ground geophysics programs remain drill ready.
The historic Wales Lake Property was split into Wales Lake East and Wales Lake West in order to allow for increased focus and opportunity on each property highlighting the increasing interest in the West Athabasca Basin for the potential for new uranium discoveries.
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