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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | Triple R | |
| Location: | Canada | |
| Commodities: | Uranium-Gold-Boron | |
| Date: | 8/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-8-2019: Fission Uranium Corp. announces an Exploration/Drilling Update report for its Triple R deposit at the Patterson Lake South project. Drilling results incl. 38.00m @ 3.52% U3O8 from 140.50m. KELOWNA, BC, Aug. 14, 2019 /CNW/ - FISSION URANIUM CORP | |
| Resources: | (Resource): 2.54Mt @ 0.54g/t Au (Ind.) and 1.24Mt @ 0.49g/t Au (Inf.) at Triple R | |
| CP/QP: | [Overall Report]: Ross McElroy (Internal) | |
| ABSTRACT: | KELOWNA, BC, Aug. 14, 2019 /CNW/ - FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce assay results from three dual purpose holes drilled during the winter 2019 program at its' PLS property in Canada's Athabasca Basin region. The holes tested outside of the Triple R deposit's current high-grade domain with the goal of confirming areas of future growth and obtaining further geotechnical data for mine planning. All three returned substantial high-grade intervals which were previously not accounted for. Holes PLS19-PW-09 and PLS19-PW-10 intersected high-grade mineralization outside of the current high-grade domain of the R780E zone, thus showing the potential for further high-grade zone growth. Of particular note is hole PLS19-PW09 (line 735E) which intersected 41.0m of total composite uranium mineralization, including intervals such as 5.0m @ 22.88% U3O8 in 38.0m @ 3.52% U3O8 . Of additional note, two of the holes intersected strong gold mineralization, associated with the uranium mineralized interval. Hole PLS19-PW-10 returned a peak of 23.60 g/t Au over 0.5m, highlighting the potential to increase the Triple R's existing gold resource of indicated 44,400 oz @ 0.54 g/t Au in 2,540,000 tonnes and inferred 19,600 oz @ 0.49 g/t Au in 1,238,400 tonnes at cutoff grades of 0.15% U3O8 for resources potentially mineable by open pit and 0.25% U3O8 for resources potentially mineable by underground methods. | |
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