SNR:TSX-V | T1KA:FSE | SNRAF:OTC

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The Patterson North East Uranium Project is located on the east side of the Athabasca Basin, northern Saskatchewan, the most productive uranium producing region in the world. The project covers ~531 hectares, directly adjoining the easternmost boundary of Fission 3.0’s Patterson Lake North Project. Basement depths are considered shallow, 450-550m, similar to those at the McArthur River Mine. The Patterson North East Uranium Project was last explored in 2013 with an Alpha-Track Radon Cup Survey and in June 2014 with a 5.7-line kilometer DC Resistivity Survey, the latter performed by Patterson Geophysics (PGI).

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Access

Access to the project, which is located ~163 kilometers north of the town of La Loche, and ~48 kilometers south of the decommissioned Cluff Lake mine site, is excellent. The property is accessible by ground vehicle from La Ronge via Saskatchewan highways 2, 155, 165, and 955. The area may be accessed year-round along the gravel Cluff Lake Mine Road (Saskatchewan Highway 955) which runs just to the west of the Property. Several trails provide additional access to the central portion of the property.


Survey Results

In total, 5.70 line-kilometers of pole-dipole and pseudo pole-pole array D.C. Resistivity survey coverage were completed on a single grid. The geophysical program was initiated by Zadar Ventures as an extension of the North Grid survey area belonging to Fission 3.0 Corporation (Fission) of Kelowna, British Columbia, as part of Fission’s Patterson Lake North project. As a result of the data-sharing agreement reached between Zadar and Fission, an additional 17.145 line-kilometers of survey coverage on Fission’s North Grid survey was extended onto the PNE mineral dispositions. The survey was successful in identifying a series of north-south trending conductors, covering ~5-6km in the sandstone layer that grow shallower to the east, and which form the primary exploration target.

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Results from the Alpha-Track Radon Cup Survey also show a correlation with the sub surface conductor, with a high value of 77 tracks per square millimeter (T/mm2). Cups were buried at nominal 100 m intervals.

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