The 6,168 Ha Lloyd Lake Project lies south of the western Athabasca Basin approximately 90 km SE of Fission Uranium’s Patterson Lake project. The Lloyd Lake Project has a significant dataset and was extensively explored by the Western Athabasca Syndicate as part of the Preston Property in 2013. Work by the syndicate involved airborne EM-magnetic and radiometric surveys followed by preliminary prospecting of areas identified in historical assessment reports. This was followed by systematic lake-bottom sediment sampling and lake-bottom water sampling for radon gas analysis, radon gas being a decay product of uranium. Ground exploration included broad soil, biogeochemical and radon-in-soil surveys, generally at 100 m to 200 m sample spacing and 200 m-400 m line spacing. Groundwork was tailored to cover anomalous airborne geophysical features and lake geochemical anomalies derived from phase 2 work. Throughout phases 2 and 3 prospecting and mapping traverses were undertaken as follow-up to airborne radiometric anomalies, and to further ground-truth the airborne responses for the purposes of generating a baseline geological map of the property. The project was also investigated by a versatile time-domain electromagnetic (VTEM plus) and aeromagnetic survey completed by Geotech Ltd., and an airborne radiometric-VLF-EM and magnetic survey completed by Goldak Airborne Surveys.
The primary exploration target at Lloyd Lake is an ~8.5km northeast trending zone corresponding to a magnetic break concurrent with an array of parallel EM conductors: a typical exploration signature in the basin. Anomalous radon gas as well as anomalous uranium and gold values in lake sediments, also lie within the target zone.