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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | R1515W, R840W, R780E, 1665W | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 6/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2017: Fission Uranium Corp. announces an Exploration/Drilling Update report for its R1515W, R840W, R780E, 1665W deposit at the Patterson Lake South project. Drilling results incl. 12m @ 3.16% U3O8 from 184.5m. FISSION URANIUM CORP. ("Fission" or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ross McElroy (Internal) | |
| ABSTRACT: | FISSION URANIUM CORP. ("Fission" or “the Company") is pleased to announce the final assays of the winter program, including results that confirm high-grade mineralization at the new R1515W zone at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. Six of eight holes at R1515W zone were mineralized, with four returning multiple high-grade intervals, including hole PLS17-557 (line 1530W), which returned 3.12% U3O8 over 8.5m in 1.24% U3O8 over 27.5m and 5.15% U3O8 over 2.0m in 1.71% U3O8 over 9.0m. R1515W, which was discovered during the winter program, is the western-most zone on the 3.17km mineralized trend and is one of three high-grade zones at PLS that may be added to the updated resource estimate planned within the next 12 months. Additional Mineralization 120m West of R1515W: Exploration drilling, which targeted the Patterson Lake Corridor a further 120m west of the R1515W zone, was also very encouraging – returning 0.74% U3O8 over a 0.5m interval in PLS17-514 (line 1665W). Importantly, this signals that the corridor continues to be very prospective for hosting high-grade uranium further along trend to the west towards the high-grade boulder field. Ross McElroy, President, COO, and Chief Geologist for Fission, commented “These final assays confirm robust, high-grade mineralization at the new R1515W zone we discovered this winter, as well as continued growth on the R840W and the R780E to R1620E gap area. We are also excited by the mineralization we encountered another 120m west of the new R1515W zone and it is expected that part of our summer drilling program will continue pushing west toward the highgrade boulder field, which lies 3km west of the R1515W zone.” | |
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