Power Metal Resources plc has identified additional multiple “significant” uranium targets at another two of its 17 projects in and around the Athabasca basin, Saskatchewan. CLEARWATER The findings, from the unmanned aerial vehicle magnetic geophysics surveys covering Clearwater and Cook Lake, are from the company’s 2023 exploration programme across its 1,012km2 portfolio. At Clearwater, the survey focused […]
Tag: Athabasca Basin – Saskatchewan
Power Metal finds ‘significant’ uranium anomalies
Power Metal Resources plc reported “significant” uranium prospectivity and refinement of drill targets from radon gas sampling at two of its properties at Athabasca basin, Saskatchewan. LARGE TARGET During the 2023 field season at the Tait Hill’s Mullis Lake target, the company found “very significant uranium” anomalies of up to 164ppm in soil. The deposits are […]
Power Metal finds helium anomaly at Perch River
Power Metal Resources plc has discovered an “extremely strong” helium anomaly in the centre of its Perch River uranium project within the Athabasca basin, Saskatchewan. EXPECTATIONS The company recently acquired the two-year Perch River licences, covering 39.41km2 and located less than 10km from the northern basin edge. Chief executive officer Sean Wade said that the indications could be […]
Power Metal extends uranium assets into Athabasca
Power Metal Resources plc has extended its uranium portfolio to within the Athabasca basin ahead of its largest exploration campaign in Saskatchewan, Canada. PERCH RIVER The two-year Perch River licences, covering 39.41km2, lie less than 10km from the northern Athabasca basin edge and are covered by Athabasca sandstone to an estimated depth of 50 to 200m. A […]
Power Metal stakes two further uranium assets
Power Metal Resources plc has staked two further uranium properties, taking the total to 14 over 940km2 in its portfolio over the Athabasca basin area in Saskatchewan, Canada. PROSPECTIVITY The company said that the acquisitions represented some of “the most significant additions” to its uranium portfolio. Power Metal paid C$5,842.34 (£3,600) for the properties which have a two-year […]
Power Metal conditionally sells second uranium asset
Power Metal Resources plc has conditionally sold its second uranium property, 100% owned E-12, immediately south of the prolific Athabasca Basin in Northern Saskatchewan, Canada. E-12 TERMS The 13km2 property is under acquisition by Teathers Financial plc, subject to listing by 31 December 2022. Teathers will pay £250,000 in 20,142,853 new ordinary shares of 0.1p each at an issue price of 1.24114 pence, […]