Citizen Uranium Projects

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Project: Bishop Lake

(6273 Hectares) Adjoins Projects Held By F3 Uranium Abasca Resources

Uranium Hits: 9 of 11 holes showed anomalous uranium (total 13.85 m).
Key Intercept: KLS-23-004: 1.5 m, incl. 10 cm @ 1260 ppm U.
Key Intercept: KLS-23-006: 3.4 m, incl. 79 cm @ 897 ppm & 43 cm @ 942 ppm U.
Key Intercept: KLS-23-009: 2.4 m, incl. 50 cm @ 1010 ppm U.
Geology: Multiple graphitic fault zones, fracture zones, and breccia.
Pathfinder Elements: Elevated B (3540 ppm), Ce, Cu, V.
Alteration: Silicification, hematite, and clay noted.
Exploration Significance: Features align with major Athabasca uranium deposits.

Bishop Lies Entirely Within The Most Fertile Corridor In The World

The Bishop Lake Uranium Project (CLP) is ~25 km southwest from the Key Lake mill which processes ore from Cameco Corp.’s (TSX: CCO; NYSE: CCJ) McArthur River uranium mine.

All of the producing mines in the Athabasca Basin liewithin a magnetic low feature, corresponding to the contact between the Wollaston and Mudjatic Domains.

Forum Metals Energy Holds Claim To The NE

Bishop 100% Highrock 100% With Sassy Resources

Two Projects on trend within 10km of the Key Lake Mine and Mill

Two Projects on trend within 10km of the Key Lake Mine and mill. Sassy drilled Highrock last winter and detected strong alteration

The Majority Of Uranium Deposits/Occurrences Lie Within This Corridor


TARGET TYPE IS ‘FAULT HOSTED’ SIMILAR TO TRIPLE R, ROOK I ZONE OR EAGLE POINT

Figure 7-1: Schematic Setting of Athabasca Basin Uranium Deposits

Source: Wood and RPA (2018)

EM Conductors

EM conductors interpreted from 2006 AeroTEM III survey conducted by Aeroquest. Digital Data available through SK Ministry SMAD.


TARGETS: 16 KMS OF SUBSURFACE EM CONDUCTORS


CLASSIC BASIN URANIUM TARGET: EM CONDUCTIVE ARRAY WITH MAGNETIC LOW


RADIOACTIVE BOULDERS IDENTIFIED / FILE 74H04-0053 /1978


SCINTILLOMETER SURVEY BY SCURRY RAINBOW / 1978


SCINTILLOMETER SURVEY BY SCURRY RAINBOW / 1978

Key Takeway’s

Project covers an area of 6273 hectares 25km SW of Cameco’s Key Lake deposit.
Feb 6, 2023, Abasca encountered anomalous U3O8 in drill program to the NE.
Targets lie in the regional scale magnetic low corridor associated with the contact between the Wollaston and Mudjatic domains.
This corridor hosts every mine and significant deposit on the east side of the Athabasca Basin.
The project host over 16kms of subsurface conductors which lie in a magnetic low.
Two programs (78) identified anomalous radioactive boulders and zones of enhanced radioactivity.
Target type is a classic unconformity and shear hosted deposit, similar to Rook I.
Project is largely unexplored.
StructureDetails
Current Issued & Outstanding7,100,000
October 2024 Capital Raise$ 400,000.00
Private Placement ($0.05 / share)8,000,000
Shares Outstanding (Post Placement)15,100,000
Pre Money Valuation$ 755,000.00

Discover the Untapped Potential of the Bishop Lake Uranium Project—A Game-Changer in the Athabasca Basin

Strategically located near world-class uranium operations, Bishop Lake holds the key to unlocking high-grade deposits in a proven region.

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