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Athabasca Basin

The Athabasca Basin arguably hosts the world's largest and richest known uranium deposits including McArthur River and Cigar Lake. McArthur River has a total proven and probably reserve of 385.5 million pounds U3O8 (1,062,200 tonnes @ 16.46% U3O8) and production of 230.5 million pounds U3O8 since 2000 (Bronhorst et al, 2012), while Cigar Lake has proven and probable reserves of 537,100 tonnes grading 18.3% U3O8 for a total of 216.7 million pounds U3O8 (Bishop et al, 2012). New discoveries, such as the Fission's Patterson Lake South, have demonstrated there is considerable potential to make new uranium discoveries outboard of the Athabasca Basin if the prospective structural and lithological setting is present.

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