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Hobo Lake


Hobo Lake Claim Location Map

Key Points of Interest

  • Coverage over four uranium mineralized zones, previously identified by Forum Uranium Corp. as Rainbow, BB, Molly and North Molly, when they worked the area from 2005 to 2008. Highlights include 340 ppm U3O8 from trenching in the Rainbow Zone.
  • Previous drilling by Forum Uranium Corp. returned up to 466 ppm uranium over 1.0 m
  • Historical lake sediment samples along this conductor have revealed anomalous uranium concentrations up to 117 ppm uranium.
  • The present exploration target is high-grade basement hosted root zone uranium mineralization associated with an eroded unconformity type uranium deposit.

The Hobo Lake property consists of 15 claims covering an area approximately 20 km long by 15 km wide in a northeast-southwest direction, totaling 11,867 hectares. The property is located 80 km south of the southeast edge of the Athabasca Basin, along the transition zone between the Wollaston domain and the Mudjatik domain, host to currently producing world class uranium deposits such as McArthur River and Cigar Lake. The prospective Key Lake Shear Zone and accompanying airborne VTEM conductors trends through several of the Hobo claims and northeasterly to the past-producing Key Lake deposits at the basin edge. The community of La Ronge, SK is 180 km to the southeast. Hwy 914 (Key Lake Road) runs through the centre of the property. The property was acquired by Fission 3.0 Corp. in March and October 2014, April 2015 and October 2017 by staking.

A VTEMTM Plus airborne geophysical survey was flown over 408.07 km over one survey block during July 2017.  The survey delineated two conductive trends west of and sub-parallel to the Key Lake Road conductive trend which was previously the main focus of exploration. The conductors are generally of the well-defined T-type conductor, with areas of enhanced conductivity and complexity. While some areas can be drill targeted with the VTEMTM Plus survey, complex areas will require ground follow-up.

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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