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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | R840W, R780E | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 10/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2016: Fission Uranium Corp. announces an Exploration/Drilling Update report for its R840W, R780E deposit at the Patterson Lake South project. Drilling results incl. 11m @ 10.03wt% U3O8 from 158.50m. FISSION URANIUM CORP. ("Fission" or “the Company") | |
| 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 that the final summer assay results confirm new high grade mineralization at the R840W zone presently outside of the Triple R resource area and also at the R780E zone, beneath the Triple R deposit, at its PLS property in Canada's Athabasca Basin region. The assay results include hole PLS16-504 on zone R840W (line 915W) with 25.95% U3O8 over 4.0m in 10.03% U3O8 over 11.0m. The wide, high-grade mineralization encountered at the Western end of the 2.63km mineralized trend at PLS highlights the strong expansion potential, on land, towards the high-grade boulder field approximately 2.7km west of the R840W zone. Ross McElroy, President, COO, and Chief Geologist for Fission, commented “These results confirm the importance of the high-grade, on-land, near-surface R840W zone, which lies 495m west of the Triple R deposit. During summer drilling we successfully merged this zone with R600W - our other high-grade, land zone – and discovered an area of strong interest even further west. With such strong, wide grades, the zone and the unexplored areas west are going to be a clear focus for us during further exploration.” | |
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