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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | Triangle | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 10/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2016: Fission Uranium Corp. announces an Exploration/Drilling Update report for its Triangle deposit at the Patterson Lake South project. Drilling results incl. 27.00m @ 5.00wt% U3O8 from 86.00m. FISSION URANIUM CORP. ("Fission" or “the Company") is | |
| 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 assay results confirm the strongest high-grade mineralization to date at the R1620E zone and further high-grade holes at R840W zone at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. Both zones are presently outside of the Triple R resource area. The assay results include hole PLS16-500 on zone R1620E (line 1545E) with 9.5m @ 13.56% U3O8 within a larger interval of 27.0m @ 5.0% U3O8. The wide, high-grade mineralization encountered at both zones, continues to highlight the strength and prospectivity of the 2.63km mineralized trend at PLS – the largest lateral footprint in the Athabasca Basin region. Ross McElroy, President, COO, and Chief Geologist for Fission, commented “These results include the highest-grade mineralization seen to date at the R1620E zone, as well as strong grades at the R840W zone. Both of these shallow-depth, high-grade zones are outside of the current resource estimate for the Triple R and remain open in multiple directions.” Uranium mineralization at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling approximately 2.63km of east-west strike length in four separated mineralized "zones". From west to east, these zones are: R840W, R00E, R780E and R1620E. Thus far only the R00E and R780E have been included in the Triple R deposit resource estimate, where-as the R840W and R1620E zones fall outside of the current resource estimate window. The discovery hole of what is now referred to as the Triple R uranium deposit was announced on November 05, 2012 with drill hole PLS12-022, from what is considered part of the R00E zone. Through successful exploration programs completed to date, it has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit. | |
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