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Fission 3.0 Corp.
Summary
| Project: | Cree Bay | |
|---|---|---|
| Deposit: | Cree Bay | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 6/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2019: Fission 3.0 Corp. announces an Exploration/Drilling Update report for its Cree Bay deposit at the Cree Bay project. Drilling results incl. 1.5m @ 938 CPS Peak from 562.6m. KELOWNA, BC, June 26, 2019 /CNW/ - FISSION 3.0 CORP. ("Fission 3" or "th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ross McElroy (Internal) | |
| ABSTRACT: | KELOWNA, BC, June 26, 2019 /CNW/ - FISSION 3.0 CORP. ("Fission 3" or "the Company") is pleased to announce that the first pass drill program at its Cree Bay property in the Athabasca Basin region of Saskatchewan, Canada, has encountered significant faulting, strong hydrothermal alteration and elevated concentrations of pathfinder elements in both holes. Pathfinder elements (such as uranium and boron), can be used to identify prospective mineralized corridors and can assist in vectoring into uranium mineralized areas. In addition, the depth to the basement unconformity was intersected deeper than expected by ~200m. This indicates possible major offset in the vicinity, which can be a favorable setting for hosting high-grade uranium, such as at the MacArthur River deposit. A comprehensive follow-up program is now being planned targeting a drill program during the winter season of 2019-20. Ross McElroy, COO, and Chief Geologist for Fission, commented, "We are very encouraged by the Cree Bay drilling results. We have anomalous radioactivity, major alteration, faulting and elevated geochemical pathfinder elements. We also intersected basement unconformity much deeper than expected. These features are often present and associated with Athabasca uranium deposits and at Cree Bay their presence may be indicative of a nearby pervasive hydrothermal alteration system around large-scale structural setting. We are now in the process of planning an aggressive follow up program to commence this winter." | |
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