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Project: | Patterson Lake South | |
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Deposit: | R780E Zone | |
Location: | Canada | |
Commodities: | Uranium | |
Date: | 5/23/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing PEA | |
Report details: | 23-5-2018: Fission Uranium Corp. announces an Exploration/Drilling Update report for its R780E Zone deposit at the Patterson Lake South project. Drilling results incl. 25.5m @ 6.36% U3O8 from 100.0m. FISSION URANIUM CORP. ("Fission" or “the Company") is p | |
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 assay results from all six winter program holes drilled on the R780E zone at its’ PLS property, in Canada's Athabasca Basin region. All six holes encountered high-grade intervals. Of particular note is hole PLS18-573 (line 510E), which returned 97.0m of total composite mineralization including multiple high-grade intervals such as 4.0m @ 21.93% U3O8, 3.5m @ 10.95% U3O8 within 25.5m @ 6.36% U3O8, and 1.5m @ 22.36% U3O8 within 10.0m @ 4.14% U3O8, respectively. Importantly, these successful holes are part of a program to upgrade certain key areas of the R780E zone, currently classified as Inferred resources, to Indicated resources. Ross McElroy, President, COO, and Chief Geologist for Fission, commented, "These final Winter assays from the Triple R deposit’s central R780E zone highlight the potential to grow the resources contained within the current boundaries of the deposit. As we progress towards pre-feasibility, it is our goal to upgrade key areas of our inferred-category resources to indicated-category. This has the possibility to enhance the economics and further de-risk the project.” | |
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