Key Lake Road Projects

Close Lake

Key Points of Interest

  • This property is located 13 km to the northeast of the McArthur River Uranium Mine, along the same favourable trend of Wollaston Domain rocks.
  • Closer to the property, the Paul Bay Ore Shoot lies 2.5 km to the southeast. This is a tongue-shaped lens of mineralization with a pitchblende-uraninite core surrounded by a sulphide-arsenide zone. Historic drilling returned a best intersection over 2.5 m of 22.3% U3O8 within a wider 8.0 m interval of 9.38% U3O8. An ore calculation by PNC Exploration estimated 212,924 tonnes at an average grade of 2.99% uranium (PNC Canada, 1992). The Ken Pen Ore Zones were later discovered 250 m to the north of Paul Bay, where drilling returned a best intersection of 4.4% U3O8 over 9 m within basement Wollaston Group rocks.
  • Within 2.5 km to the northeast of the property is the C-1 East Conductor Showing, where drilling on a conductor that trends towards the Close Lake Property encountered vein-type pitchblende averaging 2.3% uranium over a 22 m thick sequence of Athasbasca Group basal conglomerates overlying clay altered pelites starting at 497 m depth. Copper and zinc values reached 6,400 ppm and 1,100 ppm respectively. A deeper wide graphitic lithology ran up to 4% uranium over 0.5 m, along with 2.9% copper and 4,100 ppb gold.
  • The Close Lake Property comprises four claims totaling 374 hectares located within the eastern edge of the Athabasca Basin, Saskatchewan. Fission 3.0 holds 100% ownership of the property. All of the claims were acquired by staking in March 2018.

Qualified Person: The technical information in this website has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Ross McElroy, P.Geol., COO and Chief Geologist for Fission 3.0 Corp., a Qualified Person.

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