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Fission 3.0 Drill Program Focusing on Near-Surface High-Grade Uranium and Lithium Prospects

Jocelyn Aspa
May. 30, 2016 08:44AM PST
Battery Metals Investing

Fission 3.0 (TSXV:FUU) has announced the commencement of a $0.5 million summer exploration drill program at its Macusani project in Peru. The drill contract will consist of 1200m in 12 holes of HQ diameter core drilling. As quoted in the press release: The program follows compilation of mapping and prospecting work, conducted by Fission 3’s …

Fission 3.0 (TSXV:FUU) has announced the commencement of a $0.5 million summer exploration drill program at its Macusani project in Peru. The drill contract will consist of 1200m in 12 holes of HQ diameter core drilling.
As quoted in the press release:

The program follows compilation of mapping and prospecting work, conducted by Fission 3’s award-winning technical team, and will focus on an anomalous mineralized 8km NE oriented corridorcontainingnumerous anomalous uranium in outcrop trenches (chips and channel samples) values assaying >2% U3O8including a maximum of 24.48% U3O8. This same corridor includes two shallow-depth, resource-defined and heap leachable uranium deposits on Plateau Uranium Inc.’s (“Plateau Uranium”) property: Corachapi Complex and Corani Complex – both of which are also host to substantial lithium mineralization.
Drill program highlights are as follows:

  • Drilling focusing on area containing high-grade uranium at surface and potential anomalous lithium
  • Ten to twelve holes (collared both angled and vertical) in 1200m of core drilling along the Llama corridor.
  • Six holes will target the Llama South prospect area, where numerous surface assays in the immediate area returned highly anomalous values with a peak of 3.15% U3O8.
  • Six holes will target the Llama North prospect area, located approximately 3km to the NE of Llama South, where numerous surface assays in the immediate area returned highly anomalous values up to 6.19% U3O8.

In addition to identifying significant uranium resources, the Macusani region is also highly prospective for lithium. Of note, Plateau Uranium’s Macusani projects, which are adjacent to Fission 3’s projects are also host to substantial quantities of Lithium within several uranium deposits, specifically: resources of 52.3Mt at 0.13% containing 67,000t Li2O (Indicated) and 87.7Mt at 0.12% containing 109,000t Li2O (Inferred). Fission 3 believes that its ground is similarly prospective to host anomalous lithium and samples from Fission 3’s drill program will also include assaying for lithium.

Click here to read the full press release.

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