Fission Uranium Corp. (TSXV:FCU,OTCQX:FCUUF) announced the discovery of anomalous radioactivity in exploration hole PLS14-255. It was drilled on the PLG-105A EM Conductor at the company’s Patterson Lake South property in the Athabasca Basin.
As quoted in the press release:
The hole is approximately 17km south east of the main discovery where high-grade mineralization has been outlined along a 2.24km strike length. It is also just 330m north of Fission 3.0′s Clearwater West property, where exploration work, including Fission 3.0′s patent-pending airborne survey, has identified several high priority basement hosted conductive anomalies and coincidental and possibly related surface radiometric anomalies.
Hole highlights include:
- Radioactivity in the bore hole drilled approximately 17km SE of main discovery; 330m north of Fission 3.0′s Clearwater West where high-priority basement hosted conductive anomalies have been identified
- A 0.95m interval (63.76m – 64.71m) with peak measurements up to 2532 cps measured by a 2PGA-1000 natural gamma downhole probe.
- Anomalous radioactivity correlates with a chlorite altered section of a graphitic-sulphide pelitic gneiss (46.0m – 82.8m)
Ross McElroy, president, COO and chief geologist at Fission, commented:
Discovering anomalous radioactivity on a previously untested EM conductor 17km from our main discovery speaks volumes for the incredible prospectivity of the PLS property, which has over 100 discrete EM conductors, most that have yet to be drilled. The fact it is so close to Fission 3.0′s Clearwater West project, located immediately adjacent to the south, in an area where detailed survey work has identified multiple highly prospective targets, makes this is a very exciting step forward for PLS.