Canadian miner Fission Uranium has acquired three new uranium properties in the northwest and northeast Athabasca Basin regions in Canada for an undisclosed amount.
The three properties include Beaver River, and Thompson Lake in the Beaverlodge district that have reportedly produced 25,142 tons of uranium from 16 operating mines and Manitou Falls.
The acquisitions are in line with company’s plans to increase in foothold in the regions that are shallow and highly prospective for uranium mineralization.
Fission Uranium president, COO and chief geologist Ross McElroy said: "While our primary focus remains expanding the PLS discovery, there are still many underexplored areas of the Athabasca Basin and we consider these new properties to be highly prospective additions to our growing portfolio."
Beaver River property comprises six claims covering an area of about 15,373ha returning surface outcrop sample assays of 3.66%, 3.37%, and 2.93% uranium ore. The company is planning to commence ground exploration operations during summer 2013 to note drill targets for a winter drill program.
Besides, Thompson Lake carries single claim of 1,188 ha showing outcrop grab sample assays of 2.23% and 0.11% uranium ore. Manitou Falls property holding single claim covers an area of 2,941 ha.