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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | Triple R | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-8-2017: Fission Uranium Corp. announces an Exploration/Drilling Update report for its Triple R deposit at the Patterson Lake South project. Drilling results incl. 111.0m @ CPS <300 - >65535 from 56.0m. 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 the completion of the summer 2017 portion of the Pre-Feasibility Study “PFS” drilling, including three large diameter holes for metallurgical sample collection and three geotechnical core holes, to generate rock quality data including strength testing, related to the proposed open pit and underground mining areas of the Triple R deposit. Of particular note is hole PLS17-MET-C (line 660E), which intersected 153.5m total composite mineralization, including 61.09m total composite >10,000 cps. In addition, work related to long-term hydrogeology analysis and detailed baseline environmental studies is on-going. Results of the Phase 2 Metallurgical Study core drilling, designed to collect representative mineralized material from 3 discrete locations within the R780E zone of the Triple R deposit (west, central and east part of the zone), were successful in all measures and, overall, the mineralization met or exceeded expectations based off the resource model with respect to width and strength of mineralization. “The results of our metallurgical drilling highlight just how robust our high-grade, near-surface Triple R deposit really is. With the completion of the drilling to collect material for the Phase 2 metallurgical study and also the geotechnical rock holes this summer, we are making excellent progress towards achieving PFS status. A PFS is an important milestone for any deposit - both de-risking the asset for investors and advancing the project towards production. Both the Fission team and our strategic partner, CGN Mining, are very pleased with the work and results of testing to date and we remain on target to have a PFS ready in 2018.” | |
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