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Fission 3.0 Corp.
Summary
| Project: | Macusani | |
|---|---|---|
| Deposit: | Macusani | |
| Location: | Peru | |
| Commodities: | Uranium | |
| Date: | 6/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2016: Fission 3.0 Corp. announces an Exploration/Drilling Update report for its Macusani deposit at the Macusani project. Drilling results incl. 0.5m @ 2100cps from 1.5m using a hand held GR-130G Scintillometer. Fission 3.0 Corp. (“Fission 3”) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Fission 3.0 Corp. (“Fission 3”) is pleased to announce preliminary drill results from the first six holes at its Macusani property in Southeastern Peru, including MAC16-003, which intersected 0.50m of mineralization with a peak of 3,100 cps within approximately 1.5m from surface. Four of the six holes intersected mineralization within approximately 15m from surface, all of which were located on the Llama South prospect at Macusani, where surface outcrops returned anomalies up to 2.5% Uranium. The initial drill operation permits expired on June 15 and thus the program is temporarily suspended and expected to resume late August, 2016, pending an expected permit extension. Ross McElroy, President, COO, and Chief Geologist for Fission, commented “These early results are highly encouraging. We’ve hit mineralization in four of our first six holes and at a very shallow depth, with anomalous radioactivity of up to 3,100 cps. Considering the Llama South target is on trend with two nearby uranium deposits with recent resource estimates – Plateau Uranium’s Corachapi Complex and Corani Complex - this first pass drilling at Macusani further demonstrates the potential of this area and is an excellent start to our exploration program.” | |
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