Jocelyn Aspa reports that in northern Saskatchewan, tucked away behind forests and largely inaccessible by most methods of transportation, is the Athabasca Basin. The region, which covers approximately 100,000 square kilometers in Saskatchewan and a small part of Alberta, is home to the largest source of high-grade uranium in the world. It supplies 20% of global production. While the mining area for high-grade uranium has historically been on the eastern side of the Basin, discoveries on the western side of the basin are growing rapidly. In particular, the outside mark of the Basin has become a hot spot, which leads us to Fission Uranium Triple R deposit, the only major, high-grade deposit in the region that is potentially mineable by open-pit.
The Athabasca Basin can undoubtedly be described as a huge geologic feature ... it covers about 5,000 square kilometers with most of the deposits on the eastern side. Although the area is not easy to get to, a road had previously been put in to access the now mined out Cluff Lake Deposit, which had been operated by AREVA Resources. The road is classified as a highway, which means it is maintained by the government, but only used by the mining department because there are no communities in the area. On July 18, Fission released its first results for the summer 2016 drilling program of importance, high-grade mineralization was drilled at R1620E, the easternmost zone on its 2.58 kilometer trend expanding the zone 15 meters west towards the Triple R deposit and the strike length of the high-grade core to 60 meter. The team has only seen low-grade mineralization on the R1620E zone over the last few years, which is why not much attention has been put on it until now. This is the only high-grade deposit in the world that is 50 meters from the surface. There are other deposits in the area, but these sit as low as 600 meters down.
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