Paladin Energy (ASX:PDN) has completed a winter exploration program at the Patterson Lake South (PLS) ‘high-grade’ uranium project in the Athabasca Basin region of Saskatchewan, Canada.
The winter program was in line with the company’s strategic objective to identify additional uranium mineralisation outside of the Triple R deposit within the largely underexplored 31,039-hectare PLS project.
Paladin says the results represent the strongest radioactivity identified outside of the deposit.
Twenty drillholes totalling 7,102.9m were completed between February and May 2025, with 11 drillholes targeting the Saloon East area, 3.5km southeast of the Triple R deposit.
All 11 drillholes at Saloon East intersected highly elevated radioactivity in multiple zones and over significant widths with downhole gamma probe peaks up to 51,303 counts per second (cps).
Radioactivity across the Saloon East area has been defined by drilling in two areas separated by 550m, between 200m and 420m vertically from surface within a consistent package of steeply southeast dipping, hydrothermally altered and structurally deformed basement rocks.
The Saloon Trend is a linear, multi-kilometre long, southwest-northeast trending structural zone up to 1km in width, that is parallel to and located 3.5km south of the shear zones that host the Triple R deposit within the Patterson Lake Conductive Corridor.
Paladin says the trend has been a major focus of the 2024 and 2025 exploration drilling, with 27 drillholes completed along 8.8km of its strike length.
Drilling in H1 2025 followed up on the August 2024 results at Saloon East and intersected highly elevated radioactivity, with notable intercepts in drillholes PLS25-696 and 698.
Drilling along trend to the northeast intersected a thick zone of elevated radioactivity in PLS25-693, leaving a highly prospective 550m long untested zone between the two established zones of radioactivity.
Paladin CEO Ian Purdy says the Canadian team are encouraged by the initial results at Saloon East, which represent the strongest
“The widespread presence of elevated radioactivity and hydrothermal alteration suggests that we are exploring a significant mineralised system,” Purdy says.
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Images: Paladin
