Patterson Lake Area Projects
Wales Lake West
key highlights
LOCATION AND ACCESS
Wales Lake West Property comprises 16 claims, covering 27,382 hectares. The property is located on the west side of highway 955, outside the south-west margin of the Athabasca Basin approximately 20km southwest of Fission Uranium’s flagship Triple R uranium deposit and occupies the same stratigraphic position within the Clearwater Domain.
GEOPHYSICS
In July 2017 an airborne geophysical survey was conducted over the eastern portions of the property. Principal geophysical sensors included a versatile time domain electromagnetic (VTEMTMPlus) system. In 2018 and 2019 Small Moving Loop TEM was completed to further enhance the targets resulting from the previous VTEM. Geophysics resulted in multiple conductors being defined by the survey, indicating complex conductor swarms. In 2019 more VTEM was completed in the northern section of the property. There are numerous areas of enhanced conductivity, multiple parallel conductors and many offsets and termination points indicative of possible cross structures.
DRILLING
One drill hole was completed in the Fall of 2018 testing EM conductors identified by previous geophysics. Hole WL18-002 intersected anomalous radioactivity attributed to elevated thorium (446ppm Th from 170.0-170.5m). Multiple targets remain untested and drill ready.
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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