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The potential for the next McArthur River or Cigar Lake5 uranium discovery has ignited a competitive staking rush outside the southern boundary of Saskatchewan’s prolific Athabasca Basin6. In recent weeks, the Patterson Lake region has been the target of a land package grab that has seen several juniors and individuals staking claims following a series7 of excellent8 drill9 results10 on the Patterson Lake South (PLS) property reported by 50/50 joint venture partners Alpha Minerals11 (TSXV:AMW12) and Fission Energy (TSXV:FIS13).

The Patterson Lake region hosts two significant structural elements: the Patterson Lake Conductor Corridor and the Dirksen Corridor, said Alpha Minerals President and CEO Bill Ainsworth in a phone interview with Uranium Investing News. The Patterson Lake Conductor Corridor runs northeast from the PLS property up to the west side of Alpha’s wholly-owned claims and through Hook Lake, a joint venture project between Purepoint Uranium (TSXV:PTU14), Cameco (TSX:CCO15,NYSE:CCJ) and Areva (EPA:AREVA16). The Dirksen Corridor is a fertile series of conductors that head from the Forest Lake area on the PLS ground through to the Purepoint JV ground to what’s known as the Dirksen showing.

Purepoint, which signed28 the joint venture agreement with Cameco and Areva late last year, operates the Hook Lake project for which a NI 43-101 compliant technical report was filed29 in November. The joint venture has also acquired some additional claims following the discovery at PLS. Some of those claims are adjacent to the PLS property up ice of the boulder train to the northeast.

http://resourceinvestingnews.com/52838-emerging-uranium-district-in-saskatchewans-patterson-lake-region.html