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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | Triple R | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/18/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-8-2016: Fission Uranium Corp. announces an Exploration/Drilling Update report for its Triple R deposit at the Patterson Lake South project. Drilling results incl. 6.45m @ >10000cps radioactivity using a Scintillometer. FISSION URANIUM CORP. ("Fission" | |
| 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 results from the summer drill program for the final 8 drill holes on the R840W zone at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. Of key importance, drilling has successfully merged the R600W and R840W zones. The new high-grade, shallow and land-based R840W zone has a strike length of 465m and is 495m west of the R00E zone of the Triple R deposit. In addition, drilling on the western region of the R840W zone has expanded mineralization a further 60m to the west from this past winter - increasing the strike length of the mineralized Patterson Lake trend at PLS to 2.63km. Ross McElroy, President, COO, and Chief Geologist for Fission, commented “We have achieved all of our key goals for drilling on the recently discovered R840W and R1620E zones this summer, and in so doing have merged the R600W and the R840W into a single zone (R840W) with a strike length of approximately 465m. This zone remains open. In addition, the R840W zone expanded to the west and now the mineralized PLS trend has grown to an even larger strike length of 2.63km – the largest mineralized trend in the Athabasca Basin region. Just as importantly, the width and strength of the new drill holes at both ends of the trend are impressive and drilling has indicated that the trend is still open. With these results, we remain on target to update our resource estimate during 2017.” | |
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