- Fission Uranium 3.0 (FUU) received 6,046,952 shares, from Traction Uranium (TRAC) for two properties in Saskatchewan’s Athabasca Basin
- The Lazy Edward Project has been identified to have potential for high-grade uranium deposits and the Hearty Bay Project is near historic radioactive boulder trains
- The shares are under trade restriction until April 30
- Fission Uranium 3.0 (FUU) is up 8.33 per cent trading at $0.26 per share as of 1:20 p.m. EST
- Traction Uranium Corp. (TRAC) is unchanged trading at $0.90 per share as of 9:30 a.m. EST
Under option agreements with Traction Uranium, Fission Uranium 3.0 (FUU) received 6,046,952 shares for two properties in Saskatchewan’s Athabasca Basin.
The Hearty Bay Project includes seven mineral claims covering approximately 11,173 hectares.
The Lazy Edward Project includes 11 mineral claims covering approximately 1,828 hectares.
The shares are under trade restriction until April 30.
The Hearty Bay property surrounds the historic Isle Brochet radioactive boulder trains.
Boulder prospecting on Isle Brochet in 2019 led to the discovery of 45 radioactive boulders with assay values up to 8.23 per cent uranium oxide.
A survey completed indicated multiple basement structural and lithological features which have defined drill targets.
The objective of further exploration on the property is to discover the source of the uriniferous boulder field.
The Lazy Edward Project is in the south-eastern margin of the Athabasca Basin, between the historic Key Lake Mine and Cameco Corporation’s Centennial deposit.
The Lazy Edward Project has been identified to have potential for high-grade uranium deposits.
The drill targets at Lazy Edward Bay are shallow, giving the advantage of relatively inexpensive exploration.
Historic drilling in the late 1980s identified very prospective geology and sheared graphitic basement rocks with up to 170 parts per million of uranium.
Fission 3 has concluded that follow-up drilling is ‘highly warranted’.Fission 3.0 currently has 16 projects in the Athabasca Basin.
Fission 3.0 is currently planning a winter exploration and drill program on its PLN project.
Fission Uranium 3.0 (FUU) is up 8.33 per cent trading at $0.26 per share as of 1:20 p.m. EST.
Traction Uranium Corp. (TRAC) is unchanged trading at $0.90 per share as of 9:30 a.m. EST.
