Brian Biles reports that the major accidents at the Rio Tinto Rossing uranium mine in Namibia and the BHP Billiton Olympic Dam in Australia have removed 8 per cent of the global uranium supply. In the last 30 days, spot price of uranium has increase 10 per cent to 38.75 - in dollars per pound. Brades Resource Corp has partnered with Fission 3.0 to drill the Clearwater West property in the Saskatchewan Athabasca Basin the largest source of high-grade uranium on the planet to date. Fission 3.0 is the project operator, and it shares the same technical team as Fission Uranium. This team has discovered two major deposits in four years, using a proprietary model for finding uranium through airborne radiometrics, radon gas surveys and geophysics.
Their main corporate focus is the joint venture with Fission 3.0. Clear-water West is adjacent to Fission Uranium PLS property, and only 15 kilometers away from the shallow, high-grade deposit. Fission 3.0 has the same management team as Fission Uranium, and they are applying similar exploration techniques on our J.V. property. Brades recently announced the commencement of the winter exploration program on the Clearwater West property. The program involves ground geophysics and 10 proposed drill holes costing about 1.04 million dollars. Fission 3.0 team is headed by legendary uranium explorer Ross McElroy who led the technical team that made the discovery at Waterbury Lake, SK and at Patterson Lake South.
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