Highlights

  • Paladin Energy completed 20 drillholes across 7,102.9 metres as part of its 2025 winter exploration program at Patterson Lake South in Saskatchewan, Canada.
  • All 11 drillholes at the Saloon East target intersected elevated radioactivity over significant widths, indicating a potentially mineralised structural zone.
  • A 550-metre section between two radioactive zones at Saloon East remains untested and will be a focus for future drilling.

 

Paladin Energy Ltd (ASX: PDN) (TSX: PDN) (OTCQX: PALAF) is a uranium exploration and development company with assets in Canada and Namibia. The company is listed on the Australian Securities Exchange (ASX), Toronto Stock Exchange (TSX), and OTCQX market in the United States. Its Patterson Lake South project is situated in a geologically prospective region known for high-grade uranium discoveries.

The company has reported results from its recently completed winter exploration program at the Patterson Lake South (PLS) uranium project located in the Athabasca Basin region of Saskatchewan, Canada. The program focused on identifying uranium mineralisation outside the existing Triple R deposit within the 31,039-hectare project area.

Between February and May 2025, Paladin drilled 20 holes totalling 7,102.9 metres. Eleven of these drillholes were concentrated in the Saloon East area, situated approximately 3.5 kilometres southeast of the Triple R deposit. All drillholes in this zone intersected multiple intervals of elevated radioactivity, with downhole gamma probe readings peaking at 51,303 counts per second (cps).

Drilling at Saloon East confirmed the presence of elevated radioactivity in two zones separated by 550 metres. The radioactivity was identified between 200 and 420 metres below surface, within a sequence of steeply dipping, hydrothermally altered and structurally deformed basement rocks.

Notable intercepts from the Saloon East program include:

  • Drillhole PLS25-688A: 41.2 metres of total composite radioactivity, including 12.3 metres averaging 3,582 cps, with a peak of 13,657 cps.
  • Drillhole PLS25-693: 51.0 metres total composite radioactivity, with 37.2 metres averaging 4,761 cps and a maximum of 34,636 cps.
  • Drillhole PLS25-696: 56.7 metres of composite radioactivity, including 11.5 metres averaging 8,957 cps and a maximum of 51,303 cps.
  • Drillhole PLS25-698: 25.2 metres total, including 12.5 metres averaging 4,198 cps with a peak of 27,730 cps.
  • Drillhole PLS25-704: 53.5 metres, including 32.6 metres averaging 2,117 cps with a maximum of 5,133 cps.

The Saloon Trend, where Saloon East is located, is a southwest-northeast trending structural corridor that extends up to 1 kilometre in width and runs parallel to the shear zones associated with the Triple R deposit. It has been the primary focus of drilling efforts in 2024 and 2025. In total, 27 drillholes have been completed along 8.8 kilometres of this trend.

Earlier drilling in August 2024 in the eastern section of the Saloon Trend identified anomalous radioactivity in three holes, prompting follow-up drilling in early 2025. The continued presence of elevated readings across multiple locations in Saloon East indicates further exploration potential, particularly in the untested 550-metre section between the two currently defined zones.