Resource World Magazine

Resource World - Aug-Sept 2019 - Vol 17 Issue 5

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12 A U G U S T / S E P T E M B E R 2 0 1 9 URANIUM Fission Uranium Corp. [FCU-TSX; FCUUF-OTCQX; 2FU-FSE] has filed a NI 43-101 compliant prefeasibility report on the Triple R deposit at its 100%-owned Patterson Lake South (PLS) project in northern Saskatchewan's Athabasca Basin. Mineral reserves were estimated based on a hybrid (underground plus open pit) approach to production at PLS. The report also recognized the potential for an underground-only approach, which was completed to PEA level and shows considerable advantages, including lower capex (capital expenditures) and shorter construction time. Later this year Fission will make a decision on which approach to take to the feasibility study stage. CanAlaska Uranium Ltd. [CVV-TSXV; CVVUF-OTCQB; DH7N-FSE] reported that drilling has begun for the summer program at the West McArthur uranium project in eastern Athabasca Basin. The program intends to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure. Two recent drill holes by Cameco Corp. [CCO-TSX; CCJ-NYSE] intersected high- grade uranium – up to 5% U 3 O 8 – just west of the projection of the C10 horizon and near the unconformity contact. CanAlaska believes the controlling structure of this high-grade mineralization has yet to be intersected in drilling. CanAlaska is 70% owner and operator of a Joint Venture with Cameco, 30%. Blue Sky Uranium Corp. [BSK-TSXV; BKUCF-OTCQB; MAL2-FSE] is currently exploring its 100%-owned Amarillo Grande uranium-vanadium project in Rio Negro, Argentina. The property covers a 145 km prospective trend, including the Ivana deposit which demonstrated strong economic potential in a recent NI 43-101 Preliminary Economic Assessment. Work to date has identified three high-priority target areas with significant anomalies of uranium and vanadium. The program for the next six months, includ - ing RC drilling, is designed to identify and delineate mineralization, potentially extending the Ivana deposit to the west (Ivana West target). The program will also test targets in two other key areas, Ivana Central and Ivana North, within 25 km of the deposit. Energy Fuels Inc. [EFR-TSX; UUUU- NYSE American], based in Colorado, is the only company with both conventional and Energy Metals Profiles By Ellsworth Dickson The Largo Resources Maracas Menchen vanadium mine in Bahia state, Brazil. Source: Largo Resources Ltd.

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