Updated at 5:00pm PST. Benjamin Franklin said there were only two things certain in life: death and taxes. In the high stakes mineral exploration business, another sure thing is that your heros are ultimately fallible. I first met Michael Gunning while he was CEO of Hathor Exploration (HAT) in 2011. He gave me a presentation… Continue Reading

One of the most exciting uranium discoveries of the last couple years has completed its 2014 summer drill program at the PLS project in Northern Saskatchewan. Fission Uranium (FCU.v) continues to be the top uranium exploration play among analysts, with some believing the company is a likely takeover candidate from the likes of Cameco or… Continue Reading

For over a year we’ve been following NexGen Energy’s (NXE:TSXV) potential to discover the next high-grade uranium deposit. Last week, we attended the inaugural analyst site visit at their high-grade uranium discovery called Arrow, at Rook I, the company’s Northwest Saskatchewan project in the Athabasca Basin, home to the world’s richest uranium mines. The project… Continue Reading

Dundee uranium guru Dave Talbot did little to hide his excitement for Fission Uranium’s drill results yesterday, titling an update to the firm’s clients, “Wow. This is New. Another Zone and New Target Areas.” Reminds me of a certain double rainbow… Only weeks into the summer drill season Fission Uranium has already hit some big… Continue Reading

The Athabasca Basin in Northern Saskatchewan, Canada is the most productive uranium producing region in the world, known for its extremely high grade deposits. The latest discovery story to emerge from the Basin is NexGen Energy, which discovered uranium mineralization at their Rook 1 property earlier this year. This morning, NexGen announced initial results from their summer… Continue Reading

FCU data by YCharts Fission Uranium (FCU:TSX) continued their record of releasing incredible results at their Patterson Lake South project and followed it up with a $25M bought deal financing announced just after the close today.  First we will start with the results.  The company, this morning, reported their second best scint result to date… Continue Reading

Fission Uranium Corp (TSXV:FCU) released the first five holes from its winter drill program at the Patterson Lake South (PLS) uranium project in the Southwestern Athabasca Basin region of Northern Saskatchewan. Hole PLS14-129 (line 600E), with 36.72 meters of off-scale (>9999 cps) mineralization at shallow depth, was the best hole drilled at PLS to date by… Continue Reading

The uranium explorer NexGen (NXE:TSXV), who is actively searching for the next Patterson Lake South-style discovery in Saskatchewan, has received all analytical results from there +3,000m summer drill program on their Rook I project which is located 2.1km up strike of Fission’s (FCU:TSXV) Patterson Lake South (PLS) discovery. Uranium was confirmed at Rook I in hole RK-13-05… Continue Reading

Patterson Lake uranium explorer, NexGen Energy (NXE:TSXV), released the results of their aerial geophysical surveys along their southern Athabasca basin margins, at the Rook and Dufferin areas.  The surveys identified five zones of elevated U-channel radiometrics on the Rook I property of which two are in the area where they completed their initial 12 hole drill… Continue Reading

With the question of whether the deal between Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) now out of the way, the stage is set for consolidation wave in the Patterson Lake region of Saskatchewan.  Some questions were raised recently about whether this deal would be finalized following a lawsuit involving Fission which muddied the waters.  However, now… Continue Reading

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… Continue Reading

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV), the joint venture partners who continue to advance the Patterson Lake South discovery in Saskatchewan, announced this morning that they discovered a sixth mineralized zone in a step-out hole drilled 525 metre’s from the original discovery zone.  The new zone, R600W, is on a 1755m trend with all five high-grade… Continue Reading

NexGen Energy (TSXV:NXE), a uranium exploration company focused on Saskatchewan’s Athabasca Basin, provided an update on their first 8 holes of drilling at Rook I, which is immediately adjacent to and along strike to Fission / Alpha’s Patterson Lake South discovery. Read: NexGen Energy Ltd: Rook 1 Drilling Update. The news release suggested NexGen had encountered the… Continue Reading

The market has, so far, shrugged off more impressive drill results from Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) this morning (FCU up $0.01).  Is there such a thing as ‘discovery fatigue’?  The company’s released assays from two holes from the Western and Eastern regions of the R390E zone at their PLS deposit. The highlights include… Continue Reading

This morning, Patterson Lake South Joint-Venture partners Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) announced they had potentially found a fifth high-grade uranium zone as part of their 2013 drill campaign.  The most recent hole, PLS13-098, intersected 76m of total composite mineralization within a total 107.5m section (to vertical depth of 317m).  This adds to… Continue Reading