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Fission 3.0 Corp.
Summary
| Project: | Macusani | |
|---|---|---|
| Deposit: | Macusani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 12/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-12-2016: Fission 3.0 Corp. announces an Exploration/Drilling Update report for its Macusani deposit at the Macusani project. Drilling results incl. 1.00m @ 3838ppm U3O8, 345ppm Li, 4.22% K from 1.50m. Fission 3.0 Corp. (“Fission 3”) is pleased to annou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ross McElroy (Internal) | |
| ABSTRACT: | Fission 3.0 Corp. (“Fission 3”) is pleased to announce that assay results confirm highgrade uranium, along with lithium mineralization, at its Macusani project in Peru. Drilling intersected uranium mineralization of up to 12,151 ppm U3O8 (1.21% U3O8) just 16.0m from surface (hole MAC16—016) and lithium mineralization of up to 533 ppm (hole MAC16-009). Thirteen of sixteen holes were mineralized and all mineralization was encountered near to, and even at, surface. Ross McElroy, COO, and Chief Geologist for Fission 3, commented, "Our 1st pass drilling at Macusani includes very encouraging results - with uranium and lithium mineralization in several drill holes on both the Llama South and Llama North prospects at shallow depths. Both prospects compare favorably in grade, and are on trend with, Plateau Uranium Inc.’s (“Plateau Uranium”) two nearby uranium deposits. Plateau Uranium’s recently-completed, robust PEA shows an OPEX of US$17.28/lb and payback within 1.76 years.” The two Plateau Uranium deposits on-trend with Fission 3’s Llama South and Llama North prospects include the Corachapi Complex (5.0M lbs U3O8 Measured and Indicated at 195 ppm U3O8 and 1.91M lbs U3O8 Inferred at 230 ppm U3O8) and Corani Complex (1.3M lbs U3O8 Measured and Indicated at 131 ppm U3O8 and 1.8M lbs U3O8 Inferred at 166 ppm U3O8) based on cut-off grade of 75 ppm U. | |
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