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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | Triple R | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 3/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2017: Fission Uranium Corp. announces an Exploration/Drilling Update report for its Triple R deposit at the Patterson Lake South project. Drilling results incl. 31.0m @ CPS <300-22300 from 191m. FISSION URANIUM CORP. ("Fission" or “the Company") is p | |
| 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 its exploration drilling has resulted in the discovery of a new high-grade zone – R1515W - at its’ PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. The zone is located along the western strike extension of the Patterson Lake Corridor, west of both the Triple R deposit and the R840W zone. The discovery of the new high-grade zone is marked by hole PLS17-539, which has intersected 32.0m of total composite mineralization, including a 31.0m wide continuously mineralized interval including a total composite of 0.77m of radioactivity >10,000 cps (with a peak of 22,300 cps). The hole is located on line 1515W, approximately 510m west of the western-most mineralized hole on the high-grade, near-surface R840W zone. Ross McElroy, President, COO, and Chief Geologist for Fission, commented “We are thrilled with the discovery of a new zone at PLS along the very prospective Patterson Lake Corridor and with the increase of half a kilometer to the high-grade mineralized trend, which now stands at 3.14km in strike length. This success is the validation of a key objective during the winter drill program: to discover new, shallow and high-grade occurrences on the prolific PLS project. Having successfully encountered anomalous radioactivity with our drilling in a 625m step out from R840W (see news release Feb 27, 2017), and subsequently seeing anomalous radioactivity in several core and RC holes over 180m of strike length, we were confident we were in the right area. With substantial mineralization in hole PLS17-539, we now have confirmation. The next step for this area is to begin growing the zone, just as we have done so successfully with every zone at PLS and we will also continue to pursue our other exploration hot spots on the property.” | |
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