07:39 AM EDT, 06/02/2025 (MT Newswires) -- Paladin Energy ( PALAF ) overnight Sunday said it has completed a winter exploration program at the Patterson Lake South (PLS) uranium project in Saskatchewan.

The program, which aimed to identify additional uranium mineralization outside of the Triple R deposit within the project, reported the strongest radioactivity identified outside of the deposit, Paladin said.

Twenty drill-holes totaling 7100 meters were completed between February and May, with 11 targeting the Saloon East area, 3.5km southeast of the Triple R deposit. All eleven drill-holes 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, a statement said.

"The drilling results at Saloon East represent the strongest radioactivity intersected on the PLS property to date outside of the Triple R deposit," said Chief Executive Ian Purdy. "All eleven Saloon East drill-holes completed to date in 2025 intersected radioactivity and have provided exciting results over significant core lengths. The widespread presence of elevated radioactivity and hydrothermal alteration suggests that we are exploring a significant mineralized system."