Power Metal Resources plc’s uranium joint venture has signed an exploration agreement with a group of First Nations for exploration in Northern Saskatchewan, Canada. COLLABORATION Fermi Exploration Ltd and Ya’thi Néné Lands and Resources (YNLR) have also agreed a “mutual commitment to fostering a sustainable and collaborative relationship in the Athabasca region”. Owned by three First Nations […]
Tag: Fermi Exploration Ltd
Power Metal to drill Badger Lake uranium property
Power Metal Resources plc has established targets for a diamond drilling programme on its Badger Lake uranium property in the Athabasca Basin area, Northern Saskatchewan, Canada. S ZONE Acquired in 2022, the site has undergone exploration studies, including soil geochemical, radon gas, and biogeochemical sampling, airborne electromagnetic and magnetic geophysical surveys, and an ambient noise tomography survey. […]
Power Metal prepares to drill Perch River
Power Metal Resources plc is completing preparations for drilling on its Perch River uranium joint venture property, containing the Rapids target, in the Athabasca Basin, Saskatchewan, Canada. TARGETS Following receipt of a permit last week for a seven to eight-hole diamond drill holes, the company will target the soil and in-situ radon anomalies of Rapids and a […]
Power Metal finds potential targets at Reitenbach
Power Metal Resources plc revealed “multiple prospective targets” from exploration at the joint venture Reitenbach uranium property in Northern Saskatchewan, Canada. DRILLING The results follow Summer 2024 fieldwork by the company under its JV, Fermi Exploration, with investor and 70% owner-partner UCAM Ltd. The company said that the Nuphar and Goodleap targets in the northeast of […]
Fermi acquires Fortin River uranium project
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has acquired the Fortin River project in northern Saskatchewan, Canada. MOMENTUM The company said that preliminary geophysical data indicated the potential presence on the 3,859 hectares (38.59 km2) site of a 1.7 km wide meteor impact crater. Power Metal noted that such targets were known for unconformity-related uranium mineralisation elsewhere […]
Power Metal JV notes uranium target at Tait Hill
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has identified a “significant” intrusion-related target at the Tait Hill property just outside the Athabasca Basin in Saskatchewan, Canada. PROMISING Results from sampling by the JV with UCAM Ltd confirmed a “well defined” 1km by 500m target, the ‘Antler Zone’, initially identified from historical survey data. […]