Triple M Claims southwest of Alpha/Fission's PLS discovery (Company)

Triple M Claims southwest of Alpha/Fission’s PLS discovery (Company)

Patterson Lake uranium explorer, Aldrin Resource Corp (ALN:TSXV) announced this morning that they have completed their radon survey on the Triple M project which is next door to Alpha/Fission’s Patterson Lake South discovery.  ALN used the same radon contractor as Alpha/Fission used (RadonEx Exploration Management) which helped Alpha/Fission discover multiple high-grade uranium zones at their PLS project.  Alpha/Fission recently discovered their sixth mineralized zone which extends towards the west to the Triple M project.  It is still early days for ALN, but radon surveys have proved significant in discovering uranium zones in this formation outside of the Athabasca Basin.  The company will follow up with a winter drill campaign focusing on their highest priority drill targets.

Aldrin’s chief executive officer Johnathan More stated: “We are very excited to incorporate RadonEx’s survey results as we refine our drill targets on the Triple M property. These positive radon results increase our confidence that the VTEM conductors are uranium mineralized.”

The survey identified a 1km bedrock conductor which appears to dip steeply to the south along a fault zone.  The most intense portion of this radon anomaly reaches a high value of 1.68 picocuries per square metre per second (pCi/m2/s) and extends for more than 200 m comprising a priority drill target.  This fault zone runs parallel to Alpha/Fission’s Patterson Lake conductor which hosts their high-grade uranium discovery.

Aldrin acquire 70% interest in the Triple M project in July of this year and they immediately began airborne radiometrics and a VTEM survey.  In August they began the radon survey which has now identified multiple drill ready targets.  The company recently closed the first $1 million of a $1.5 million total financing ($0.10 with 1-year $0.20 full warrant) which gives them ample funding to complete a winter drill program to test the Patterson Lake-like conductor.

ALN also acquired 100% of the Virgin Uranium project which is located inside the Athabasca Basin.  The Athabasca Basin is the most prolific uranium zone in the world, producing over 20% of the global uranium supply.

ALN has come off its late summer highs – the YTD chart:

ALN Chart

Read: Aldrin Completes Radon Survey on Triple M Project

Related: Alpha/Fission Find Sixth Mineralized Zone in 525 Metre Step-Out Hole