Kiplin Metals Inc. (the “Company” or “Kiplin”) has noticed a considerable increase in activity around its Cluff Lake Road (CLR) uranium project. Situated in Saskatchewan, the project is located in a highly potential region with neighboring companies Cameco Corp., Orano Canada, Canalaska Uranium Ltd., and Stallion Discovery Corp.
The CLR Project is 5 km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000 lbs of yellowcake uranium. Image Credit: Kipling Metals Inc
One remarkable progress is the closeness of the CLR property to F3 Uranium Corp.’s (previously Fission 3.0) Paterson Lake North (PLN) project. In November 2022, F3 found the JR high-grade uranium zone, and consequent reports thorough intersections in drill hole PLN22-038, which averages 4.20% triuranium octoxide over 11.0 m, along with a high-grade interval of 9.8% U3O8 over 4.5 m.
This breakthrough means the existence of a basement-hosted uranium deposit in the Athabasca area, equivalent to Fission Uranium Corp.’s Triple R uranium deposit.
Kiplin hopes that the mixture of multiple EM (electromagnetic) conductors, radon gas, magnetic lineaments, and radioactivity anomalies on the CLR property makes it an extremely potential site for the breakthrough of a basement-hosted uranium deposit. The Company is excited about the project’s possibility and chances for future development and exploration.
We are encouraged by the increased activity and the presence of notable uranium projects in close proximity to our Cluff Lake Road Uranium project. The recent discoveries in the region further underline the prospectivity of the Athabasca Basin, and we believe that our CLR project holds significant potential for uncovering valuable uranium deposits.
Dr. Peter Born, Director, Kiplin Metals
Kiplin stays committed to increasing its exploration activities and leveraging the geological potential of the CLR project. The management and technical team of the Company actively assess the available information and formulate strategic plans for future exploration endeavors.
Kiplin notes that breakthroughs and observations on surrounding properties do not essentially specify the existence of comparable geological characteristics or mineralization on the properties of the Company.
Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information included in this release.