A $4million drill program got underway this month to expand the new discovery make at our PLS property in November. If you missed the news back, I really recommend you check out the press releases and my blog posts at that time.
In short, we had been hunting for the source of a large, particularly high grade boulder field that we had discovered at PLS and confirmation came when every one of the last four holes of our Winter 2012 drill program hit high grade uranium at shallow depth.
So, a $4million drill program at the most exciting new discovery to be made in the Athabasca in recent times but what next?
Well in case you don’t already know, PLS will be the flagship of the NewCo that is being spun out of the Denison/Fission deal. I’ll be heading up that company and taking the hugely successful Fission geo team and management team with me along with approx.. $18 million in cash.
While NewCo will also have other Western Athabasca properties and a great land package in the emerging uranium district of Macusani in Peru, we are going to be fully focused on using our highly experienced (and successful) geo and drill teams to develop PLS. The geology present there – with high grades and shallow depth – is a geologist’s dream and I expect to be sharing a lot of news about our progress there as time passes. Watch this space
Dev Randhawa
