Fission 3.0 Corp. (“Fission 3”) (TSX VENTURE:FUU) is pleased to announce a summer drill program is currently being prepared for its flagship PLN (Patterson Lake North) property.
Fission 3.0 Corp. (“Fission 3”) (TSX VENTURE:FUU) is pleased to announce a summer drill program is currently being prepared for its flagship PLN (Patterson Lake North) property. The program will include multiple holes focused on high-priority targets within a 700m mineralized corridor identified during the previous drill program. With its proximity to nearby very large and high-grade uranium deposits and with multiple geological and geophysical interpreted features, including an extensive drill identified mineralized corridor, PLN continues to rank as the highest priority project in Fission 3’s portfolio. The work program will be supported by an upcoming, project-focused financing.
PLN is located in the south-west area of Saskatchewan’s Athabasca Basin, immediately adjacent and to the north of Fission Uranium’s PLS project, which hosts the high-grade Triple R uranium deposit. The PLN package consists of a total of 36,537 ha in 37 mineral claims of which Fission 3 has a 90% interest in 27,408 ha (10 mineral claims) and a 100% interest in an additional recently staked 9,129 ha (27 mineral claims). Azincourt Energy Corp. holds a 10% interest in 27,408 ha of the PLN property.
PLN Highlights
- Prospective for high-grade uranium at shallow depth
- Previous results have encountered significant mineralization and pathfinder elements showing large-scale potential
- Adjacent to, and part of the same structural corridor as Fission Uranium’s PLS project, host to the Athabasca’s most significant major, shallow-depth, high-grade uranium deposit
- Previous drill program identified a mineralized corridor approximately 700m in length, including hole PLN14-019 which intercepted 0.5m at 0.047% U3O8 within 6.0m @ 0.012% U3O8 (see map at www.fission3corp.com/projects/pln/overview/)
Ross McElroy, COO, and Chief Geologist for Fission 3, commented,
“The south-west Athabasca Basin is fast emerging as the most promising new uranium district in Saskatchewan, home of the world’s highest grade uranium deposits and responsible for over 20% of the world’s production of uranium. The past few years have seen the discovery of several major high-grade uranium deposits, starting with Fission Uranium’s near surface Triple R deposit in 2012, followed by NexGen’s Arrow discovery in 2014, which have in turn spurred a rush of staking and exploration activities. The large PLN property is well situated in the heart of this exciting and prospective district and with the discovery of a large, 700m long, drill tested mineralized corridor and operated by the same technical team that discovered and advanced the Triple R deposit on the near-by PLS project, Fission 3 is well positioned to take advantage of the opportunities presented by this very prospective property.”
Fission 3 has several drill ready targets on PLN. Of highest priority is follow-up of the encouraging results of PLN14-019 along the A1 conductor trend.
About PLN
The Patterson Lake North (“PLN”) property was acquired by staking in 2004 and became part of the Fission 3.0 Corp. portfolio as part of the Fission Uranium/Alpha Minerals agreement in December 2013. The property comprises 36,537 ha of which Fission 3 has a 90% interest in 27,408 ha and a 100% in 9,129 ha. The property is located immediately adjacent and to the north of Fission Uranium’s PLS high-grade uranium discovery.
Previous work on the property includes a property scale airborne magnetic and electromagnetic “EM” surveys, and ground geophysical surveys including time-domain electromagnetic (TDEM) and magnetotellurics (MT) and DC Resistivity on select areas, supporting programs of prospecting, rock and soil sampling, and relogging and historical drill core. The airborne EM survey successfully discovered and outlined an eight-km long north-south trending package of conductive basement rocks.
In 2014 a total of 4,118m in 13 drill holes tested various geophysics identified targets. Drilling encountered lithological settings with structural complexity similar to that of the primary conductor at Fission Uranium’s PLS project, culminating in the discovery of anomalous mineralization and elevated radioactivity over a 700m strike length along the A1 conductor. Hole PLN14-019, targeting the A1 conductor, returned 0.047% U3O8 over 0.5m within 6.0m @ 0.012% U3O8.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol., COO and Chief Geologist for Fission 3.0, a qualified person.
About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol “FUU.”
ON BEHALF OF THE BOARD
“Ross McElroy”
Ross McElroy, COO
Fission 3.0 Corp.
Investor Relations
Bob Hemmerling
TF: 778-484-8030
info@fission3corp.com
www.fission3corp.com
Cautionary Statement: Fission 3.0 Corp.
Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3.0 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Source: globenewswire.ca
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Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

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Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
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- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
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Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

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Management Team
Michael Collins - CEO & Director
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Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
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