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Soaring Bay Uranium Property Update - Canada
Soaring Bay Uranium Property Update - Canada.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6768G\n Power Metal Resources PLC\n 31 March 2022\n \n \n \n 31 March 2022\n Power Metal Resources PLC\n (\"Power Metal\" or the \"Company\")\n Soaring Bay Uranium Property - Canada\n Highlights of Historical Data Compilation Over the Soaring Bay Uranium Property south of the Athabasca Basin; Further Prospective Land Staked.\n \n Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces an update on its Soaring Bay Uranium Property (\"Soaring Bay\" or the \"Property\"). Soaring Bay is part of the larger uranium portfolio that includes seven 100% owned interests (Table 1) now covering an area of 450.01km2 (45,001 hectares) located in northern Saskatchewan, Canada.\n Highlights Include:\n \n · \n Soaring Bay footprint increased by 71% to 79.07km2 following additional staking of adjacent uranium-prospective ground.\n \n \n \n · \n Anomalous Radon-222 soil gas results identified over 700m in strike length extending into new staked ground.\n \n \n \n · \n Historical review has identified multiple occurrences of radioactive pegmatites with scintillometer results up to 15,000 counts per second (\"CPS\").\n \n \n \n · \n Increased area also includes two highly anomalous U-in-lake results, underlining the properties' general prospectivity.\n \n \n \n · \n Government data records four uranium occurrences on the Property with results returning 0.11 - 0.8% Uranium (\"U\").\n \n A map highlighting results from the historical data compilation completed over the Soaring Bay Property, and further prospective ground recently staked can be found below at the following link:\n \n https://www.powermetalresources.com/soaring-bay-property-overview/\n \n \n Soaring Bay Uranium Property Overview\n \n \n - The Soaring Bay Property is located in northern Saskatchewan, Canada, approximately 100 km south of the Athabasca Basin. Saskatchewan ranked third in the most recent 2020 Fraser Institute Investment Attractiveness Index rankings of global mining jurisdictions.1 Following a review of the historical information compiled by Power Metal, further prospectivity outside of the Property claim boundary was identified and as a result, an extra 32.77km2 (3,277-hectares) has been staked bringing t...