Alpha Mineralsaholds uranium and gold properties throughout North America, though its main focus is the PLS project detailed above. Alpha will take over operating duties from Fission at the beginning of 2014.Most recently, the companies reported assay results from four holes drilled in the R00E zone at PLS. One highlight was holeaPLS13-079 — it returned 17.5 meters of 5.98-percent U3O8, including 5.5 meters of 19.51-percent U3O8. Alpha also holdsaclaims near the PLS property that are under exploration and development. Zadar Venturesa(TSXV:ZAD)ais a uranium exploration company working in the Athabasca Basin and Whiskey Gap. Its PNE project is northeast of PLS and southeast of the Shea Creek project, another prolific uranium mining venture. The company hopes that because the PNE project lies along the same structural corridor as the PLS project, it will encounter uranium mineralization. Zadar recently arranged $2 million in financing for its exploration activities. Azincourt Uranium (TSXV:AAZ)ais exploring solely in the Athabasca Basin. It recently partnered with Fission Uranium to explore the Patterson Lake North property, which is adjacent to PLS and near the Shea Creek project. The property has been explored in many ways, from airborne to ground surveys and a limited amount of drilling. Portions of the project are ready to be drilled, while other sites will soon be subjected to additional ground geophysical surveys and interpretation. Azincourt and Fission recently announced that they have defined a north-south conductor system at Patterson Lake North and will begin drilling this winter. Like the other companies mentioned, aAldrin Resource (TSXV:ALN)ais focused on uranium exploration and development in the Patterson Lake region. The company recently entered an option agreement to acquire a 70-percent interest in the Triple M uranium property, which is south and west of Patterson Lake. Triple M encompasses six mineral exploration licenses in two blocks. The property, located just outside the margin of the Athabasca Basin, is expected to yield deposits of uranium when it is investigated. NexGen Energy's (TSXV:NXE) flagship property is the Radio uranium project, located in Athabasca Basin. It holds an exclusive option to acquire an initial 70-percent interest in the project and has the option to increase that to 100-percent ownership subject to a net smelter royalty of 2 percent. The company's aim is to create a portfolio of high-quality uranium assets that can be quickly developed. Most recently, NexGenaannounced the completion of the first phase of drilling at its Rook 1 property, which is located about 2.1 kilometers northeast of PLS.
Related reading:a Uranium Juniors in the Athabasca Basin Emerging Uranium District in Saskatchewan's Patterson Lake Region Juniors Hunting for Uranium in Patterson Lake Region from Uranium Investing News