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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | R1515W Zone | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Fission Uranium Corp. announces an Exploration/Drilling Update report for its R1515W Zone deposit at the Patterson Lake South project. Drilling results incl. 35.00m @ 1.80% U3O8 from 214.50m. FISSION URANIUM CORP. ("Fission" or “the Company") | |
| Resources: | (Resource): 2.01Mt @ 1.83% U3O8 (Ind) and 0.82Mt @ 1.56% U3O8 (Inf) | |
| CP/QP: | [Overall Report]: Ross McElroy (Internal) | |
| ABSTRACT: | FISSION URANIUM CORP. ("Fission" or “the Company") is pleased to announce the assay results from its final holes from the summer 2017 program that were drilled on the land-based, shallow, high-grade R1515W zone, where drilling has intersected wide, highgrade mineralization at its’ PLS property in Canada's Athabasca Basin region. The holes include 3 completed holes and 1 hole abandoned due to operational problems with the drill hole. Of particular note are the assays from hole PLS17-566 (line 1545W), located 2.3km west of the Triple R Deposit’s central part of the R780E zone, which intersected 95.0m of total composite mineralization, including intervals such as 4.50m @ 5.27% U3O8 and 3.50m @ 3.64% U3O8 in 35.0m @ 1.80% U3O8 and 8.0m @ 2.38% U3O8 in 25.0m @ 0.93% U3O8. The nature of mineralization of the R1515W zone, including multiple stacked lenses and wide lateral widths, shows encouraging similarities to the R780E – the primary zone of the Triple R deposit. As reported in the NI 43-101 PEA report dated September 14, 2015, the Triple R hosts mineral resources of 81.1M lbs @ 1.83% U3O8 (indicated) in 2.01M tonnes and 28.1M lbs @ 1.56% U3O8 (inferred) in 0.82M tonnes at a cut-off grade of 0.2% U3O8 within the pit boundary and at an incremental underground cut-off grade of 0.25% U3O8. | |
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