Thus far only the R00E and R780E have been included in the Triple R deposit resource estimate. From west to east, these zones are: R840W, R600W, R00E, R780E and R1620E. Uranium mineralization at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling approximately 2.58km of east-west strike length in five separated mineralized "zones". PLS Mineralized Trend & Triple R Deposit Summary We'll be sharing scintilometer and assay results as they come in." Thanks to the success of our winter program, we have a number of highly prospective targets both on and around the 2.58km mineralized trend, and also elsewhere on this large property, including Forest Lake. "The much-anticipated summer drill program has begun and the drills are now turning. Ross McElroy, President, COO, and Chief Geologist for Fission, commented Ring Dike Geotechnical Soil Borehole Testing around the expected R00E pit perimeter wall area Regional hydrogeology monitoring wells to record and interpret long-term water flow analysis in areas contemplated for major infrastructure West and east along the Patterson Lake Corridorįorest Lake Corridor located parallel and to the south of the Patterson Lake CorridorĪ Moving Loop Time Domain Electro-Magnetic (MLTDEM) ground geophysics survey targeting the western on-land area of the Patterson Lake Corridor, host to the R00E, R600W and R840W zonesĪ 2D Marine Seismic survey, targeting the central Patterson Lake Corridor area host to the R780E and R1620E zonesĪdvanced Prefeasibility Oriented Activity Neither of these zones are currently included in the Triple R depositĬore and Reverse Circulation drill testing of key regional exploration targets, including: Growing and connecting the new high-grade zones on the western and eastern and extents of the 2.58km mineralized trend (the R840W and R1620E zones respectively). Resource Growth and Regional Exploration Drilling #FISSION URANIUM DRILL RESULTS FULL#( FCU.TO)( FCUUF)( 2FU.F) (" Fission" or " the Company") is pleased to announce that summer drilling has now commenced at PLS, with drill rigs now in full operation. ” Don’t forget to follow us ! Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.KELOWNA, BRITISH COLUMBIA-(Marketwired - July 7, 2016) - FISSION URANIUM CORP. We could have that put together by, say, H1/18 if we so choose. He added that the new resource estimate will likely be coming in November or December. The next step “is possibly to move directly into a PFS. That’ll be this summer’s program, which would start in July and go until September,” he said. To do that, we still probably need another drill program. “he goal is basically to bring our newly discovered high-grade zones, the 840W and the 1620E, into the overall resource estimate. McElroy said in March that after the current drill program at PLS is complete another will probably be needed. As of Apit was at $23.25. Fission’s share price has firmed from $0.67 to $0.75 since the start of 2017. He commented, “we’ve seen the price of uranium increase over the last three months up 45% from where it was, so we think it still has a long way to go, but it’s certainly a vast improvement from where it was back in the earlier parts of 2016.” Charts from Ux Consulting Company and Trade Tech indicate that the U3O8 spot price sank to approximately $18 per pound in December 2016. In a February interview about the expansion of the Fission’s drill program, McElroy said the company is taking advantage of overall improvements in the uranium sector. Initially 34 holes were planned, but the company added a further 29 new holes in February. The holes were completed as part of a winter exploration drill program announced by Fission in January. R1620E zone (high-grade, shallow zone at eastern end of mineralized trend) PLS17-518 (line 1485E) key interval: R840W zone (high-grade, shallow zone 495m west of the Triple R deposit) PLS17-517 (line 765W): In total, six holes were completed at R840W and 10 holes were completed at R1620E.
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